课后练习总复习

Exercises

UnitOneII.TermStudy.

MatchthetermsincolumnAwiththedefinitionsincolumnB.AB1.accounting2.publicaccountant3.CertifiedPublicAccountant4.privateaccountant5.objectivesoffinancialaccounting6.governmentaccountantA.provideusefulinformationfordecision-makingB.personmustpassaseriesofexaminationsandmeetcertainotherrequirementsC.workforoneemployerandofferservicessuchasaccounting,budgeting,andinternalauditingD.audittaxreturnsandaccumulatefinancialinformationforfederal,provincial,andmunicipalagencies.E.thelanguageofbusinessF.offerauditing,managementadvisory,andtaxservicesExercises

UnitOneIII.Decidewhetherthefollowingstatementsaretrueorfalse.WriteTfortrueandFforfalse.()1.Accountingisasystemofgathering,summarizingandcommunicatingfinancialinformationforabusinessfirm,governmentorotherorganization.()2.Accountingpracticesareintwomainfields–financialaccountingandmanagerialaccounting.()3.Accountingequationaccountsforthecommonquantitativerelationamongaccountingelements:Assets=Liabilities+Owner’sEquity()4.Accountantshaveanethicalobligationtomaintainonlymoralcompetence.TTFFExercises

UnitOneIV.Choosethebestanswer.1.Whichofthefollowingdescribeaccounting?A.islanguageofbusinessB.isaninformationsystemC.isusefuldecisionmakingD.alloftheabove2.Accountingisaninformationsystemthat_____.A.measuresbusinessactivitiesB.processesinformationintoreportsC.communicatesfindingstodecision-makersD.alloftheabove3.Accountinginformationisusedby_____.A.businessesB.governmentregulationagenciesC.laborunionsD.alloftheabove√√√Exercises

UnitOne4.Aproceduralelementofaccountingis_____.A.planningB.controlC.bookkeepingD.auditing5.Purposesofanaccountingsystemincludeallofthefollowingexcept_____.A.interpretandrecordtheeffectsofbusinesstransactionsB.classifytheeffectsoftransactionstofacilitatethepreparationofreportsC.summarizeandcommunicateinformationtodecisionmakersD.dictatethespecifictypesofbusinesstransactionsthattheenterprisemayengagein6.Anaccountingprocessincludesallofthefollowingstepsexcept_____.A.analyzingB.planningC.classifyingD.summarizing√√√Exercises

UnitOneV.TranslatethefollowingintoEnglish.1.会计的作用是为决策提供财务信息。

Thefunctionofaccountingisdesignedtoprovidefinancialinformationfordecisionmaking.2.会计系统是管理信息系统的重要组成部分。

Accountingsystemsaretheveryimportantpartofmanagementsystemofinformation.

3.企业外部的有关人士包括业主、银行家、其他债权人、潜在投资者、工会、政府机构和公众。

Therelatedoutsidersofacompanyincludeowners,bankers,otherdebtors,potentialinvestors,laborunion,thegovernmentandthepublic.Exercises

UnitOne4、专业会计师

professionalaccountant5、经济活动

businesstransactions6、会计信息

accountinginformationExercises

UnitTwoII.TermStudy.

MatchthetermsincolumnAwiththedefinitionsincolumnB.AB1.assets2.liabilities3.equityornetassets4.investmentsbyowners5.distributionstoowners6.comprehensiveincome7.revenues8.expenses9.gains10.lossesA.landB.lossesfromincidentaltransactionsofanentityC.changeinequityofanentityfromtransactionsandcircumstancesfromnon-ownersourcesD.residualinterestintheassetsofanentityE.increasesinequityfromperipheraltransactionsofanentityF.notespayableG.salesH.interestpaidtobankI.distributionsofCashdividendstoownersJ.servicesreceivedasinvestmentsbyownersExercises

UnitTwoIII.SupplythemissinginformationinthefollowingstatementsandtranslateitintoChinese.

(1)Double-entrybookkeepingisasystembywhicheach①_______hastwosides,a②_____sideanda③_____side,andeach④_________isenteredtwice,asadebitinoneaccountandasacreditinanother.Theruleis:debitthereceiver,creditthe⑤_____.Everydebitmusthaveacorrespondingcreditandeverycredita⑥_____.Ifallthe⑦_______havebeencorrectlymade,thetotalofallthedebitsmustatanytimeequal⑧______.(2)Anaccountingequationisanexpressionoftherelationshipbetweenthe①_____and②_______and③___________ofanenterprise.ItisstatedasAssets=④______+⑤________.Thetwosidesmustalways⑥_____.account

debit

credit

transactionsender

debit

accounts

credits

assets

liabilities

owners’equityLiabilitiesOwners’equity

balance

Exercises

UnitTwo(3)Abalancesheetisastatementthatshowsthe①_____,②________and③___________ataspecificdate,usuallyattheendofthefinancialyear.(4)Anincomestatement,alsoknownasprofitandlossstatement,isasummaryofthe①_______,②_______and③_________ofabusinessforaspecificperiodftime.assets

liabilities

owners’equityrevenueexpensesnetincome

Exercises

UnitSixI.

Choosethebestanswer.1.CanTexhad$54inmissingpettycashreceipts.Whatisthecorrecttreatment?A.DebitCashOverandShortfor$54.B.CreditCashOverandShortfor$54.C.DebitPettyCashfor$54.D.CreditPettyCashfor$54.2.ZimbooruCompanyhad$12inextracashattheendoftheday.Whatisthecorrecttreatment?A.CreditCashfor$12.B.DebitCashfor$12.C.CreditCashOverandShortfor$12.D.DebitCashOverandShortfor$12.√√Exercises

UnitSix3.Thecustodianofa$500pettycashfundhas$62.50incoinsandcurrencyplus$432.50inreceiptsattheendofthemonth.Whatwilltheentrytoreplenishthepettycashfundinclude?A.AdebittoMiscellaneousExpensesfor$427.50.B.AcredittoCashOverandShortfor$5.00.C.AcredittoCashfor$432.50.D.AcredittoCashfor$437.50.√Exercises

UnitSix4.EpsCoplanstoeliminatea$200pettycashfund.Thecurrentbalanceintheaccountincludes$45inreceiptsand$165incurrency.Whatwilltheentrytoeliminatethefundinclude?A.DebittoCashShortandOverfor$10.B.DebittoCashfor$165.C.DebittoMiscellaneousExpensesfor$35.D.CredittoPettyCashfor$165.√Exercises

UnitSix5.Forwhatreasonmightabankissueadebitmemorandum?A.Tonotifyadepositorofallincreasestothedepositor’saccount.B.Tonotifyadepositorofadeductiontoadepositor’saccount.C.Tonotifyadepositorofanelectronicfundstransferintotheiraccount.D.Tonotifyadepositorofanerrorinthedepositor’saccountingrecords.√Exercises

UnitSevenII.Completethefollowingsentenceswiththeappropriatephrases.Adjustingentrydirectwrite-offallowanceBaddebtsaccountreceivableestimated1._______________areamountsthecustomersowedtoacompanyforcreditsales.2.________areuncollectibleaccountsandrecognizedasasellingexpense.3.Underthe____________method,theuncollectibleaccountcanbe_________onthebasisofthepercentageofcreditsalesortheendingbalanceoftheAccountReceivableaccount.Accountsreceivable

Baddebts

directwrite-offestimatedExercises

UnitSeven4.The___________methodrequiresthatAccountsReceivableshouldnotbewrittenoffuntiltheyaredetermineduncollectible.5.Estimationofbadexpenseismadebymakingan_________________attheendofanaccountingperiod.allowanceadjustingentryExercises

UnitSevenIII.Decidewhetherthefollowingstatementsaretrueorfalse.WriteTfortrueandFforfalse.()1.AccountReceivableisclassifiedasacurrentasset.()2.Theentryprovidingforuncollectibleaccountsisanadjustingentry,buttheentrywritingforuncollectibleaccountmaybemadeatanytimewhenanaccountprovestobeuncollectible.()3.Whenanoutstandingaccountreceivableiswrittenoff,anentryistypicallymadebydebitingAllowanceforUncollectibleAccountsandcreditingAccountReceivablefortheamountwrittenoff.TTTExercises

UnitSeven()4.TheAllowanceforUncollectibleAccountsisaliabilitybecauseitusuallyhasanetcreditendingbalance.()5.Recoveriesofanaccountpreviouslywrittenoffare,whenanAllowanceforUncollectibleAccountsaccountisused,creditedtotheBadDebtsaccount.FFExercises

UnitSevenV.TranslatethefollowingpassageintoChinese.Usuallyasanaccountreceivablegetsolderthereisanincreaseintheprobabilitythattheaccountwillbeuncollectible.Anaginganalysisoftheindividualaccountsreceivablebalanceisdonetoestimateonthebasisofexperiencethespecificbaddebtlossratesforeachagegroup.Theamountestimatedtobeuncollectibleundertheagingmethodisthebalancethatshouldbeintheaccount“AllowanceforDoubtfulAccounts”attheendoftheperiod.Thedifferencebetweentheactualbalanceinthataccountandtheestimatedbalanceistheamountrecordedasbaddebtexpenseintheadjustingentryattheendoftheperiod.Therefore,ananalysisoftheageofaccountsreceivableprovidesmanagementwithvaluableinformationconcerningtheprobablelossesduetouncollectibleaccounts.keyExercises

UnitSeven

通常随着应收账款账龄的不断增加，其无法收回的可能性也在增加。应收账款账龄分析法是在各明细账户余额的基础上根据经验预估不同账龄组的坏账损失率。在账龄分析法下预计无法收回的金额应为期末时“坏账准备”账户的余额。该账户实际余额与预估余额之间的差额应于期末时在调整分录中确认为坏账费用。因此，对应收账款的账龄分析为管理者提供了由于账款无法收回而导致的可能的损失的有价值的信息。

backII.Fillintheblankswiththewordsgivenbelow1.___________________isrevenuesthathavebeencollectedbutnotearned,aliabilityuntilthegoodsorservicesareprovided.2._________________arepotentialliabilitiesarisingfromapasttransactionanddependentonafutureevent.3.___________areadistributionofearningsbyacorporation.Exercises

UnitTenAdvancesfromcustomerContingentliabilities

contingentliabilitiesliabilityadvancesfromcustomerpremiumdividendsdiscountDividends4.Whenbondsaresoldata_________or________,theresultisanadjustmentoftheinterestrateinthebondsfromthefaceratetoaneffectiveratethatisclosetothemarketratewhenthebondswereissued.5.A_______isalegalobligationrequiringthefuturepaymentofanasset,theperformanceofaservice.Exercises

UnitTendiscount

premium

liabilityExercises

UnitTenIII.Decidewhetherthefollowingstatementsaretrueorfalse.WriteTfortrueandFforfalse.()1.Interestof5%on700yuanfor90dayswouldbecomputedasfollows:0.05*700*90/360.()2.AnotedatedDecember14anddueFebruary14hasadurationof60days.()3.Allowanceforbaddebtsisacontraaccounttoaccountpayable.TFFExercises

UnitTen()4.Loanstoofficesofthecompanyshouldbeincludedinshort-termloansonthebalancesheet.()5.InChina,bondscanbeissuedatapar.FTExercises

UnitTenIV.Choosethebestanswer.1.Therateofinterestactuallyearnedbybondholdersiscalledthe______.A.couponrateB.effectiveyieldC.nominalrateD.statedrate2.BondswillselltapremiumwhentheA.statedrateishigherthanthenominalrateB.statedrateishigherthanthecouponrateC.effectiveyieldislowerthanthemarketrateD.effectiveyieldislowerthanthestatedrate√√Exercises

UnitTen3.Typicalliabilityaccountsinclude:A.accountspayable,bankloan,wagespayable,drawingsB.accountspayable,bankoverdraft,wagespayable,stationeryC.accountsreceivable,bankoverdraft,wagespayable,unearnedrevenueD.accountspayable,borrowingfromthepublic,bankoverdraft,wagespayable4.Whichofthefollowingusuallyisnotacurrentliability?A.WithheldIncomeTaxesB.DepositsReceivedfromCustomersC.DeferredTaxPayableD.Allofthese.√√Exercises

UnitTen5.Afterbondshavebeenissued,theirmarketvaluecanbeexpectedto_____.A.riseasanypremiumisamortizedB.fallifinterestratesriseC.fallasanydiscountisamortizedD.riseifinterestratesrise6.WhentheinterestpaymentdatesofabondareMay1andNovember1,andabondissueissoldonJune1,theamountofcashreceivedbytheissuerwillbe_____.A.decreasedbyaccruedinterestfromJune1toNovember1B.decreasedbyaccruedinterestfromMay1toJune1C.increasedbyaccruedinterestfromMay1toJune1D.increasedbyaccruedinterestfromJune1toNovember1√√Exercises