英文会计书考试题及答案

英文会计书考试题及答案

单项选择题（每题2分，共10题）1.Thenormalbalanceofanassetaccountis().A.CreditB.DebitC.EitherdebitorcreditD.Noneoftheabove2.Whichofthefollowingisaliabilityaccount?()A.AccountsReceivableB.PrepaidInsuranceC.AccountsPayableD.Cash3.Theaccountingequationis().A.Assets=Liabilities+EquityB.Assets=Liabilities-EquityC.Assets+Liabilities=EquityD.Assets+Equity=Liabilities4.Revenueisrecognizedwhen().A.CashisreceivedB.TheserviceisperformedortheproductisdeliveredC.AcontractissignedD.Expensesarepaid5.Depreciationisanexampleof().A.ArevenueitemB.AnexpenseitemC.AliabilityitemD.Anassetitem6.Thefinancialstatementthatshowsthefinancialpositionofacompanyataspecificpointintimeisthe().A.IncomeStatementB.BalanceSheetC.StatementofCashFlowsD.StatementofRetainedEarnings7.Whichofthefollowingisanexampleofanoperatingactivityonthestatementofcashflows?()A.IssuingstockB.BuyingabuildingC.PayingsalariesD.Payingdividends8.Accrualaccountingrecordsrevenuesandexpenses().A.WhencashisreceivedorpaidB.WhentheyareearnedorincurredC.AttheendoftheaccountingperiodD.Onlywhentheyarerealized9.Atrialbalanceispreparedto().A.ProvetheequalityofdebitsandcreditsB.CalculatenetincomeC.PreparefinancialstatementsD.Recordtransactions10.Thejournalentrytorecordthepurchaseofinventoryonaccountis().A.DebitInventory;CreditCashB.DebitInventory;CreditAccountsPayableC.DebitAccountsPayable;CreditInventoryD.DebitCash;CreditInventory多项选择题（每题2分，共10题）1.Whichofthefollowingarecurrentassets?()A.CashB.AccountsReceivableC.EquipmentD.Inventory2.Thecomponentsofstockholders'equityinclude()A.CommonStockB.RetainedEarningsC.BondsPayableD.AccountsPayable3.Whichofthefollowingaremethodsofinventorycosting?()A.FIFOB.LIFOC.AverageCostD.SpecificIdentification4.Thefollowingareexamplesofoperatingexpenses()A.RentExpenseB.SalariesExpenseC.InterestExpenseD.CostofGoodsSold5.Whichfinancialstatementsarepreparedforaperiodoftime?()A.IncomeStatementB.BalanceSheetC.StatementofCashFlowsD.StatementofRetainedEarnings6.Cashflowsfrominvestingactivitiesinclude()A.Buyingandsellinglong-termassetsB.IssuingbondsC.BuyingandsellingmarketablesecuritiesD.Payingdividends7.Whichofthefollowingareadjustingentries?()A.RecordingdepreciationB.AccruingsalariesC.RecognizingprepaidinsuranceexpenseD.Recordingthesaleofinventory8.Acompany'sfinancialratioscanbeusedtoevaluate()A.LiquidityB.SolvencyC.ProfitabilityD.Efficiency9.Theadvantagesofdouble-entryaccountinginclude()A.HelpsdetecterrorsB.MaintainstheaccountingequationC.SimplifiestheaccountingprocessD.Providesmoreaccuratefinancialinformation10.Whichofthefollowingaccountshaveanormalcreditbalance?()A.AccountsPayableB.RevenueC.CommonStockD.RetainedEarnings判断题（每题2分，共10题）1.Assetsareresourcesownedbyacompanythathavefutureeconomicbenefits.()2.Adebitentryalwaysincreasesanaccountbalance.()3.Theincomestatementreportsrevenuesandexpensesforaspecificperiodoftime.()4.Depreciationexpensereducesthebookvalueofanasset.()5.Prepaidexpensesareconsideredliabilities.()6.Thestatementofcashflowsshowsthesourcesandusesofcashduringaperiod.()7.Accrualaccountingisbasedonthecashbasisofaccounting.()8.Closingentriesaremadetotransferthebalancesoftemporaryaccountstotheretainedearningsaccount.()9.Thehigherthedebt-to-equityratio,thelowerthefinancialriskofacompany.()10.Inventoryisreportedonthebalancesheetatitssellingprice.()简答题（每题5分，共4题）1.Explainthedifferencebetweencash-basisaccountingandaccrual-basisaccounting.Answer:Cash-basisaccountingrecordsrevenueswhencashisreceivedandexpenseswhencashispaid.Accrual-basisaccountingrecordsrevenueswhenearnedandexpenseswhenincurred,regardlessofcashflow.Accrualgivesamoreaccuratepictureofacompany'sfinancialperformanceovertime.2.Whatarethethreemainfinancialstatementsandtheirpurposes?Answer:Theincomestatementshowsacompany'srevenues,expenses,andnetincomeoveraperiod.Thebalancesheetpresentsthecompany'sfinancialposition(assets,liabilities,andequity)atapointintime.Thestatementofcashflowsshowsthesourcesandusesofcashduringaperiod.3.Howdoesdepreciationaffectacompany'sfinancialstatements?Answer:Depreciationisanexpenseontheincomestatement,reducingnetincome.Onthebalancesheet,itdecreasesthebookvalueoftherelatedasset.Itdoesn'tinvolvecashoutflowbutimpactsprofitabilityandthevalueofassetsreported.4.Whatistheaccountingcycle?Answer:Theaccountingcycleisaseriesofstepsincludinganalyzingtransactions,journalizing,postingtoledgers,preparingatrialbalance,makingadjustingentries,preparingfinancialstatements,andclosingtemporaryaccounts.Itensuresaccuratefinancialreporting.讨论题（每题5分，共4题）1.Discusstheimportanceofinternalcontrolsinaccounting.Answer:Internalcontrolssafeguardacompany'sassets,ensureaccuratefinancialreporting,andpreventfraud.Theysetupproceduresforauthorization,segregationofduties,andindependentchecks.Thisbuildstrustamongstakeholdersandhelpsthecompanyoperatesmoothly.2.CompareandcontrastFIFOandLIFOinventorycostingmethods.Answer:FIFO(First-In,First-Out)assumesthefirstitemspurchasedarethefirstsold.LIFO(Last-In,First-Out)assumesthelastitemspurchasedarethefirstsold.FIFOgivesamoreaccurateinventoryvalueinanon-inflationaryenvironment.LIFOcanreducetaxableincomeduringinflation.3.Whyisthestatementofcashflowsimportantforinvestorsandcreditors?Answer:Itshowshowacompanygeneratesandusescash.Investorscanasse