专业英语选择题

1、.专业英语选择题Unit21.An entity that is organized according to state or federal statutes and in whichownership is divided into shares of stock is aB_.A. ProprietorshipB. CorporationC. PartnershipD. Governmental Unit2. Which entity is separate from its owners ? BA. ProprietorshipB. CorporationC. Partnership

2、D. Governmental UnitWhich of the items 条; ( item 的名词复数 ) 一项 ; 一则 ; below is not a business organization form ?A. Proprietorship 所有权，私营企业，业主权B. Corporation 公司 ; 法人C. Partnership 伙伴关系 ; 合作关系 ; 合伙人身份 ; 合营公司D. Entrepreneurship 企业家能力D3.1. ()are the preconditions of identifying, measuring,recording and re

3、porting economic transactions.2. () assumption implies the life of business should be divided intoshort ones.3.() assumes the business will continue for a quite long time.4.() requires that money be used as the basic measuring unit .答案： 4 个基本假设4.T or F?The accurate 精确的，准确的 information of the financi

4、al statement财务报表is more useful than the relevance相关性 for decision makers.决策者FUnit3 -45.A. I/SB. B/S1.Salaries Payable6. Kim Lee, Drawing2.Fees Earned7.Equipment3.Accounts Payable8. Accounts Receivable4.Kim Lee, Capital9.Salary Expense5.Unearned Rent10.Prepiad Insurance6. The debit side of an account

5、 (D)A. Depends on whether the account is an asset, liability or owner s equityB. Can be either side of the account depending on how the accountant set up the systemC. Is the right side of the accountD. Is the left side of the account.7.An account is said to have a debit balance if ( A)A. The amount

6、of the debits exceeds the amount of creditsB. There are more entries on the debit side than on the credit sideC. Its normal balance is debit without regard to the amounts of entries on the debit sideD. The first entry of the accounting period was posted on the debit side8. Which of the following typ

7、es of accounts have a normal creditbalance(C)A. Assets and liabilitiesB. Liabilities and expensesC. Revenues and liabilitiesD. Capital and drawing9.Whichofthe followingtypes ofaccounts have a normaldebitbalance(D)A. Assets and liabilitiesB. Liabilities and expensesC. Revenues and liabilitiesD. Asset

8、s and expenses10. In which of the following types of accounts are increases recorded by debits(D)A. Assets and liabilitiesB. Drawing , liabilitiesC. Expenses, liabilitiesD. Assets, expenses11. In which of the following types of accounts are increases recorded by credits(A)A. Revenues and liabilities

9、B. Drawing , assetsC. Liabilities, drawingD. Liabilities , expenses12. The process of initially recording a business transaction is called (C)A. Trial balanceB. PostingC. JournalizingD. Balancing13. Accrued expenses have(C)A. Not yet incurred, paid, or recordedB. Been incurred, not paid ,but have be

10、en recordedC. Been incurred, not paid, and not recordedD. Been paid but have not yet been incurred14. Accrued revenue has (B)A. Been earned and cash is receivedB. Been earned and not recorded as revenueC. Not been earned but recorded as revenue.D. Not been recorded as revenue but cash has been recei

11、ved 15. Deferred expenses have ( D )A. Not yet been recorded as expenses or paidB. Been recorded as expenses and paidC. Been incurred and paidD. Not yet been recorded as expenses16. Deferred revenue is revenue that is (D)A. Earned and the cash has been receivedB. Earned but the cash has not been rec

12、eivedC. Not earned and the cash has not been receivedD. Not earned but the cash has been received17. Which of the following accounts will be closed to the capital account at the endof the fiscal year (C)A. Rent expenseC. Income summaryB. Fees earnedD. Depreciation expenseUnit518. The accounting equa

13、tion may be expressed as ( D)A.Assets= Equities LiabilitiesB.Assets+ Liabilities =Owner s equityC.Assets= Revenues LiabilitiesD.Assets-Liabilities = Owner s equity19. If total liabilities decreased by $25000during the period of time and owner s equity increased by $30000 during the same period, the

14、amount anddirection(increaseordecrease )oftheperiod changesintotalassets is(C)A. $65000 increaseB. $5000 decreaseC. $5000 increaseD. $65000 decrease20. The asset created by a business when it makes a sale on account is termed(D)A. Accounts payableB. Prepaid expenseC. Unearned revenueD. Accounts rece

15、ivable21. The debt created by a business when it makes a purchase on account is referredto as an (A)A. Accounts payableB. Expense payableC. AssetD. Accounts receivable22. Owner s equity is increased by (B)A. Cash.B. RevenueC. Accounts receivableD. All o f the above23. How does paying a liability in

16、cash affect the accounting equation(C)A. Assets increase; liabilities decreaseB. Assets increase; liabilities increaseC. Assets decrease; liabilities decreaseD. Liabilities decrease; owner s equity decrease24. On April 1of the current year, the assets and liabilities of Jim Inc. are as follows: Cash

17、, $10000;Accounts receivable, $8200;Supplies, $ 1050; Land, $25000; AccountsPayable, $ 6530. What is the amount of owner equitys as of April of the currentyear(A)A. $ 37720B. $ 44430C. $21500D. $5078025. Which of the following financial statements reports information as of a specificdate (D)A. Incom

18、e statementB. Statement of owner s equityC. Statement of cash flowsD. Balance sheetUnit626. The monetary value charged to customers for the performance of services sold iscalled a(n)(D)A. AssetB. Net IncomeC. CapitalD. Revenue27. Revenues are reported when ( D)A. A contract is signedB. Cash is recei

19、ved from the customerC. Work is begun on the jobD. Work is completed on the job28. Expenses are recorded when (C)A. Cash is paid for services renderedB. A bill is received in advance of services renderedC. Services are renderedD. None of above29. If beginning capital was $ 65000, ending capital is $

20、 43000, and owner swithdrawals were $ 16000, the amount of net income or net loss was (D)A. Net income of $ 37000B. Net income of $ 8000.C. Net loss of $ 22000D. Net loss of $ 600030. The financial statement that presents a summary of the revenues and expenses of a business for a specific period of

21、time, such as a month or year, is calleda(n)(C)A. Prior period statementB. Statement of owner s equityC. Income statementD. Balance sheet31. Identify those which of the following items should appear on the IncomeStatement.1.Rent Expense2.Land3.Capital4.Fees Earned5.Withdrawal6.Wages Expense7.InvestmentUnit1032. The type of account and normal balance of Petty Cash is an (B)A. Revenue, CreditB. Asset, DebitC. Liability, CreditD. Expense, Debit33. Cash equivalents include (C)A. ChecksB. Coins and currencyC. Money market a