会计专业英语模拟题开卷.docx
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会计专业英语模拟题开卷
《会计专业英语》模拟题（补）
1．CompletethetranslationbetweenChineseandEnglish:
（1）salvagevalue
（2）depreciation
（3）ratioanalysis
（4）所有者权益
（5）fiscalyear
（6）uncollectibleaccounts
（7）doubleentrysystem
（8）pettycash
（9）流动资产
（10）grossprofit
（11）firstinfirstout
（12）资产负债表
（13）common-sizeanalysis
（14）corporations
（15）经济业务
（16）short-termdebt-payingability
2．Labelthefollowingaccountsasasset（A）,liability（L）,owner’sequity（OE）,revenues（R）orexpense（E）
（1）OfficeSupplies
（2）ProfessionalFees
（3）PrepaidInsurance
（4）Salaryexpense
（5）AccountsPayable
（6）ServiceIncome
（7）R.L.Osborn,Capital
（8）RentExpense
（9）AccountsReceivable
（10）Notespayable
3.Answerthequestionrelatedtothetopicoftheconversation
WhyIsn’tTheAccountingAMirrorofWhatHappened?
John:
Leanne,canyouexplainwhat’sgoingonherewiththesemonthlystatements?
Leanne:
Sure,John.HowcanIhelpyou?
John:
Idon’tunderstandthislast–in,first–outinventoryprocedure.Itjustdoesn’tmakesense.
Leanne:
Well,whatitmeansisthatweassumethatthelastgoodswereceivearethefirstonessold.Sotheinventoryismadeupoftheitemswepurchasedfirst.
John:
Yes,butthat’smyproblem.Itdoesn’tworkthatway!
Wealwaysdistributetheoldestproducefirst.Someofthatproduceisperishable!
Wecan’tkeepanyofitverylongorit’llspoil.
Leanne:
John,youdon’tunderstand.Weonlyassumethattheproductswedistributearethelastonesreceived.Wedon’tactuallyhavetodistributethegoodsinthisway.
John:
Ialwaysthoughtthataccountingwassupposedtoshowwhatreallyhappened.Itallsoundslike“makebelieve”tome!
Whynotreportwhatreallyhappens?
Question:
HowwouldyourespondtoJohnifyouwereLeanne?
4.CaseyElectronics’endinginventoryconsistsof182ModelM43CDplayersacquiredthroughvariouspurchases,asfollows:
SpecificPurchaseNumberofUnitsCostperUnitTotalCost
Beginninginventory34$270$9180
Firstpurchase6028216,920
Secondpurchase25629876,288
Thirdpurchase16431251,168
Totalunitsavailable514$153,556
Ofthe514unitsavailableforsale,182unitsarestillonhandand332havebeensold.
Undertheperiodicinventorysystem,IfCaseyElectronicschoosesLIFOmethod,howshoulditcalculatethecostofthe182CDplayersonhand?
5.Youaregiventhefollowingbalancesheetandincomestatementfor2002and2003:
TableABalanceSheetfor2002and2003
（allvaluesinthousandsofdollars）
20022003
_______________________________________________________________
Assets
Cash200300
Marketablesecurities300200
Receivables.8001,000
Inventory1,2001,000
Fixedassets3,3003,700
Totalassets.5,8006,200
Liabilitiesandcommonequity
Accountspayable300200
Notespayable200300
Othercurrentliabilities1,000800
Long-termdebt1,0001,200
Commonequity.3,3003,700
Totalliabilitiesandcommonequity5,8006,200
TableBIncomeStatementfor2003
__________________________________________________
Sales$1,000,000
Operatingandothercosts-700,000
EBIT.300,000
Interest.-100,000
Profitsbeforetaxes200,000
Taxat40%rate-80,000
Profitsaftertaxes120,000
____________________________________________________
Calculatethefollowingratiosfor2002:
（1）thecurrentratio
（2）thedebttoequityratio
（3）thequickratio
6．TranslatethefollowingsintoChinese
Thereareseveralspecializedfieldsofaccountinginpractice.Thetwomostcommonarefinancialaccountingandmanagementaccounting.Otherfieldsincludecostaccounting,environmentalaccounting,taxaccounting,internationalaccounting,not-for-profitaccounting,andsocialaccounting.
7．ChoosethebestanswerfromA,B,C,Dtocompletethesentenceortoanswerthequestion:
（1）Whichoftheseis（are）anexampleofanassetaccount?
____.
A.ServiceRevenue
B.Withdrawals
C.Supplies
D.Alloftheabove
（2）Whichofthefollowingisnotaffectedbytheinventoryvaluationmethodusedbyabusiness?
_____.
A.Amountsowedforincometaxes
B.Costofmerchandisesold
C.Amountspaidtoacquiremerchandise
D.Netincomeofthebusiness
（3）AftinCo.performsservicesonaccount,whenAftincollectstheaccountreceivable____.
A.assetsincrease
B.assetsdonotchange
C.owner’sequitydecreases
D.liabilitiesdecrease
8．CaseyElectronics’endinginventoryconsistsof182ModelM43CDplayersacquiredthroughvariouspurchases,asfollows:
SpecificPurchase
NumberofUnits
CostperUnit
TotalCost
Beginninginventory
34
$270
$9180
Firstpurchase
60
282
16,920
Secondpurchase
256
298
76,288
Thirdpurchase
164
312
51,168
Totalunitsavailable
514
$153,556
Ofthe514unitsavailableforsale,182unitsarestillonhandand332havebeensold.
Undertheperiodicinventorysystem,IfCaseyElectronicschoosesFIFOmethod,howshoulditcalculatethecostofthe182CDplayersonhand?
9．OnJuly1,CruzopenedCruzAutoDetailcompany.
DuringJuly,thefollowingtransactionswerecompleted:
（1）Cruzinvests$70,000cashinhernewbusiness.
（2）Buysequipmentcosting$43,000,payingcash.
（3）Buysequipmentcosting$7,000oncreditfromWilliamsAutoSupply.
（4）Pays$2,000toWilliamsAutoSupply,tobeappliedagainstthefirm'sliabilityof$7,000.
（5）Buysbufferpads,cleaners,andwaxesonaccountfromRossiandCompany,$800.
（6）Cashrevenuereceived,$3,520.
（7）Paysrentforthemonth,$900.
（8）Paysforaone-yearvehicleinsurancepolicy,$360.
（9）ReceivesbillfornewspaperadvertisingfromValleyNews,$400.
（10）CruzAutoDetailsignedacontractwithCostelloTaxitoperformdetailingworkandthenbillsCostelloTaxi$1,050forservicesperformed.
（11）Pays$2,000toWilliamsAutoSupplyaspartpaymentonaccount.
（12）ReceivesandpaysbillforutilitiesfromMidwestPower,Inc.,$160.
（13）PaysValleyNewsforadvertising,$400infull.（Thisbillhasbeenpreviouslyrecorded.）
（14）Payswagesofpart-timeemployees,$1,400.
（15）Buysadditionalequipmentcosting$1,500fromWilliamsAutoSupply,paying$600downwiththeremaining$900onaccount.
（16）Receives$850fromCostelloTaxitoapplyonaccountpreviouslybilled.
（17）Cashrevenuereceived,$2,700.
（18）Cruzwithdrawscashforpersonaluse,$3,000.
Instructions
（1）Recordthetransactionswith“Dr.”and“Cr.”.
（2）AttheendofJuneCompanyneedsmakeadjustmentasfollows:
a.TorecordthecostofsuppliesusedduringJuly,$540.
b.TorecordtheinsuranceexpiredduringJuly,$30.
c.TorecordthedepreciationforthemonthofJuly,$520.
d.TorecordaccruedwagedowedattheendofJuly,$290.
PrepareAdjustedTrailBalanceonJuly31.
CruzAutoDetail
AdjustedTrailBalance
July31,20--
AccountName
Debit
Credit
Cash
AccountReceived
Supplies
PrepaidInsurance
Equipment
AccumulatedDepreciationEquipment
AccountsPayable
WagesPayable
LACruzCapital
LACruzDrawing
IncomefromServicing
WagesExpense
RentExpense
AdvertisingExpense
UtilitiesExpense
SuppliesExpense
InsuranceExpense
DepreciationExpense,Equipment
10.OnJuly1,N.B.EdgaropenedCoin-OpLaundry.Edgar’saccountantlistedthefollowingchartofaccounts:
CashSuppliesPrepaidInsuranceEquipment
FurnitureandFixturesAccountsPayable
N.B.Edgar,CapitalN.B.Edgar,Drawing
LaundryRevenueWagesExpense
RentExpenseUtilitiesExpenseMiscellaneousExpense
DuringJuly,thefollowingtransactionswerecompleted:
a.Edgardeposited$20,000inabankaccountinthenameofthebusiness.
b.Boughttablesandchairsforcash,$450
c.Paidtherentforthecurrentmonth,$705
d.BoughtwashersanddryersfromEldonEquipment,$17,400,paying$4,000incashandplacingthebalanceonaccount.
e.BoughtlaundrysuppliesonaccountfromBorkalDistributors,$410.
f.Soldservicesforcash,$862.
g.Boughtinsuranceforoneyear,$468.
h.PaidonaccounttoEldonEquipment,acreditor,$550.
i.Receivedandpaidtheelectricbill,$118.
j.PaidonaccounttoBorkalDistributors,acreditor,$145.
k.Soldservicestocustomersforcashforthesecondhalfofthemonth,$881.
l.Receivedandpaidthebillforthebusinesslicense,$45.
m.Paidwagestoanemployee,$1,146.
n.Edgarwithdrewcashforpersonaluse,$875.
Instructions
RecordthetransactionsintheTaccounts.
PrepareanincomestatementasforJuly31.
1．CompletethetranslationbetweenChineseandEnglish:
（1）残值
（2）折旧
（3）比率分析法
（4）owner’sequity
（5）会计年度
（6）坏账
（7）复式记账
（8）备用金
（9）currentassets
（10）毛利
（11）先进先出法
（12）balancesheet
（13）结构分析法
（14）集团公司
（15）transaction
（16）短期偿债能力
2．Labelthefollowingaccountsasasset（A）,liability（L）,owner’sequity（OE）,revenues（R）orexpense（E）
1
2
3
4
5
6
7
8
9
10
A
R
A
E
L
R
OE
E
A
L
3.Answerthequestionrelatedtothetopicoftheconversation
AnswerinEnglishthequestionrelatedtothetopicoftheconversation
Ininventoryaccounting,weneedcomputetheamountsofcostforgoodsoldandendinginventory.However,theinventoryofsomefirmsissufficientlysimilarthatthefirmcan’tfeasiblyusespecificidentificationcosts.Soitmustmakesomeassumptiontocomputethecostofunitssoldandunitsremainedininventory,whichiscalledcostflowassumptions,andoneofthemisLIFO.LIFOusuallydoesn’treflectphysicalfloes,butfirmsuseitsinceinaperiodofrisingacquisitioncosts.LIFO’shigher（thanFIFO）cost-of-goods-soldfigurereducesreportedincomeandincometaxes.
4.CaseyElectronics’endinginventoryconsistsof182ModelM43CDplayersacquiredthroughvario
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