会计专业英语期末考试练习卷(new)

PAGEPAGE51.Theeconomicresourcesofabusinessarecalled:BOwner’sEquityAssetsAccountingequationLiabilities2.DTKCompanyhasa$3500accountsreceivablefromGRSCompany.OnJanuary20,GRSCompanymakesapartialpaymentof$2100toDTKCompany.ThejournalentrymadeonJanuary20byDTKCompanytorecordthistransactionincludes:DAdebittothecashreceivableaccountof$2100.Acredittotheaccountsreceivableaccountof$2100.Adebittothecashaccountof$1400.Adebittotheaccountsreceivableaccountof$1400.3.Ingeneralterms,financialassetsappearinthebalancesheetat:AFacevalue.账面价值Currentvalue.现值Marketvalue.市场价值Estimatedfuturesalesvalue.4.Eachofthefollowingmeasuresstrengthensinternalcontrolovercashreceiptsexcept:DTheuseofavouchersystem.Preparationofadailylistingofallchecksreceivedthroughthemail.Thedepositofcashreceiptsintactinthebankonadailybasis.Theuseofcashregisters.5.Whichofthefollowingitemsisthegreatestindollaramount?DBeginninginventoryCostofgoodssold.CostofgoodsavailableforsaleEndinginventory6.WhydocompaniesprefertheLIFOinventory后进先出法methodduringaperiodofrisingprices?BHigherreportedincomeLowerincometaxesLowerreportedincomeHigherendinginventory7.Whichofthefollowingcharacteristicswouldpreventanitemfrombeingincludedintheclassificationofplantandequipment?DIntangibleUnlimitedlifeBeingsoldinitsusefullifeNotcapableofrenderingbenefitstothebusinessinthefuture.8.Whichaccountisnotacontra-assetaccount?BDepreciationExpenseAccumulatedDepletionAccumulatedDepreciationAllowanceforDoubtfulAccounts9.Whatarethetwofactorsthatmakeownershipofaninterestinageneralpartnershipparticularlyrisky?AMutualagencyandunlimitedpersonalliabilityLimitedlifeandunlimitedpersonalliability.Limitedlifeandmutualagency.Doubletaxationandmutualagency10.Whichofthefollowingtypesofbusinessownersdonottakeanactiveroleinthedailymanagementofthebusiness?DGeneralpartnersLimitedliabilitypartnersSoleproprietors个体经营者Stockholdersinapubliclyownedcorporation11.AnalystscanusethefootnotestothefinancialstatementstoDHelptheiranalysisoffinancialstatementsHelptheirunderstandingoffinancialstatementsHelptheircheckingoffinancialstatements.Alloftheabove12.Thecurrentliabilitiesare$30000,thelong-termliabilitiesare$50000,andthetotalassetsare$240000.Whatisthedebtratio?CA.0.125B.0.208C.0.333D.3.013.ThehorizontalanalysisisusedmainlytoAAnalyzingfinancialtrendsEvaluatingfinancialstructureAssessingthepatperformancesMeasuringtheterm-payingability14.Amongthefollowingratios,whichisusedforlong-termsolvencyanalysis?长期偿债能力分析ACurrentratio流动比率Times-interest-earnedratioOperatingcycleBookvaluepershare15.Aprofit-makingbusinessthatisaseparatelegalentityandinwhichownershipisdividedintosharesofstockisknownasaDSoleproprietorship个体独资公司SingleproprietorshipPartnership合伙公司Corporation股份有限公司名词解释(10分)(1)Journalentry：日记账Journalentryisaloggingoftransactionsinto\o"Accountingjournal(pagedoesnotexist)"accountingjournalitems.Itcanconsistofseveralitems,eachofwhichiseithera\o"Debit(accounting)"debitora\o"Credit(accounting)"credit.Thetotalofthedebitsmustequalthetotalofthecreditsorthejournalentryissaidtobe"unbalanced".Journalentriescanrecorduniqueitemsorrecurringitemssuchas\o"Depreciation"depreciationorbond\o"Amortization"amortization.(2)Goingconcern：持续经营Thecompanywillcontinuetooperateinthenearfuture,unlesssubstantialevidencetothecontraryexists.(3)Matchingprinciple：一致性原则(4)Workingcapital：营运资金(5)Revenueexpenditure：收入费用会计业务（共35分）1.OnDecember1,MECompanyborrowed$250000fromabank,andpromisetorepaythatamountplus12%interest(peryear)attheendof6months.PreparethegeneraljournalentrytorecordobtainingtheloanfromthebankonDecember1.PreparetheadjustingjournalentrytorecordaccrualoftheinterestpayableontheloanonDecember31.PreparethepresentationoftheliabilitytothebankonME’sDecemberbalancesheet.Answer:Debit:cash$250000Credit:currentliabilities$250000Debit:AccrualExpense$50