会计英语练习题Word格式文档下载.docx

会计英语练习题Word格式文档下载.docx

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4.Credittermsof2/10n/30indicate:

（）

a.a2%discountif10itemsarepurchased

b.nopaymentisrequireduntilthe31stdayaftertheinvoicedate

c.a10%discountif2itemsarepurchased.

d.a2%discountforamountspaidwithin10daysoftheinvoiceandtheremainingbalanceduewithin30days

5.WhichstatementregardingtheinventoryturnoverratioisNotTrue?

（）

a.Theratiomeasurestheaveragerateofspeedinventoriesmovethroughandoutofcompany.

b.Inventoryturnover=AverageInventoryCOGS

c.Inventoryturnoverfiguresvaryconsiderablyfromindustrytoindustry.

d.Alowinventoryturnovercanresultfromanoverextendedinventorypositionorfrominadequatesalesvolume.

6.Whichstatementregardingtheliabilitiesandowners’equitysectionofbalancesheetisFalse?

a.PaymentofDividendPayableeliminatesboththeassetsandtheowners’equity

b.Liabilitiesaredebtsorobligationsthatmustbedischargedinmoneyorservicesinthefuture

c.Owners’equityisaresidualclaimtotheremainingassetsafterdischargeofdebts.

d.BalancesheetofcorporationsshouldseparateCapitalStockandRetainedEarnings.

7.Whatisthedifferencebetweenthequickandcurrentratio?

a.Thequickratiodealswiththecompany’sabilitytopayitsliabilitieswhereasthecurrentratiodoesnot

b.Thecurrentratioisamorestringent（严格的）testofliquiditythanthequickratio.

c.Thequickratioexcludesinventory,whichthecurrentratioincludesforcalculationpurposes.

d.Managementprimarilyusesthecurrentratiowhereasinvestorsandanalystsaretheprimaryusersofthequickratio.

8.WhatofthefollowingisNotanexampleofapportionmentofrecordedcosts?

a.Depreciationoffixedassets

b.Reallocationofreceiptsinadvance.

c.Expirationofinsurancepremium.

d.Consumeofsupplies.

9.Foritsmostrecentyear,acorporationhadbeginningandendingaccountsreceivablebalancesof$50,000and$60,000,respectively.Theyear'

ssalesonaccountwere$800,000.Whatwastheamountofcashreceivedfromcustomersduringtheyear?

a.$790,000

b.$820,000

c.$810,000

d.$800,000

10.Salesrevenue$200,000,beginninginventory$30,000,inventorypurchased$100,000andinventorysold$90,000.Itistruethat（）

a.goodsavailableforsale（GAFS）equals$200,000

b.grossprofitequals$110,000

c.endinginventoryequals$30,000

d.costofgoodssold（COGS）equals$40,000

11.Usersoffinancialinformationmaybeclassifiedasinternalorexternal.Whichfollowingstatementistrueregardingfinancialinformationusers?

a.Externalusersevaluatetheperformanceofacompany'

smanagementusingmanagementaccountingreports.

b.Financialaccountingprovidesinformationtomanagersandexternalusers,suchaspotentialinvestors.

c.Manylawsrequiremanagerialaccountingreportsbereportedtovariouslevelsofthegovernment.

d.Managementaccountingprovidesinformationtomanagersandexternalusers,suchaspotentialinvestors.

12.Whatdoestheterm‘netrealizablevalue’meanregardingAccountsReceivable?

a.NetrealizablevalueisthebalanceintheAccountsReceivableaccountasofagivendate.

b.Netrealizablevalueiswhatacompany’sAccountsReceivableaccountswillbringiftheyaresoldtoathirdparty.

c.AccountsReceivablelessAllowanceforUncollectibleAccountswillequalthenetrealizablevalueofAccountsReceivable

d.NetrealizablevalueisthebalanceintheAllowanceforUncollectibleAccountsasofagivendate.

13.Whichofthefollowingstatementsaboutatrailbalanceisincorrect?

a.It’sprimarypurposeistoprovethemathematicalequalityofdebitsandcreditsafterposting

b.Ituncoverscertainerrorsinthejournalizingandposting

c.Itisusefulinthepreparationoffinancialstatements

d.Itprovesthatalltransactionshavebeenrecorded.

14.Intheclosingprocessalloftherevenuesandexpensesaccountbalancesaretransferredtothe（）

a.capitalaccount

b.incomesummaryaccount

c.retainedearningsaccount

d.dividendsaccount

15.Thepost-closingtrialbalanceconsistsonlyof（）

a.Assetandliabilityaccounts

b.temporaryaccounts

c.revenueandexpenseaccounts

d.permanentaccounts

16.WhichofthefollowingstatementsisTrue?

（D）

a.Thecreditsideofanaccountimpliessomethingfavorable.

b.Foragivenaccount,totaldebitsmustalwaysequaltotalcredits.

c.Transactionsareinitiallyrecordedinaledgeraccount

d.Journalizingmeansenteringtheeconomiceffectofeachtransactioninajournalinchronologicalorderunderthedouble-entrysystem.

17.Financialstatementscanbepreparedfrom（B）

a.thetrialbalance

b.theadjustedtrialbalance

c.thejournal

d.theledger

18.WhichofthefollowingstatementsisFalse?

（A）

a.Afterabankreconciliationhasbeencompleted,thecompanymustmakejournalentriestoadjustforalloutstandingchecks.

b.AbankreconciliationforthemothofSeptemberwillbeginwith“balanceperbook”and“balanceperbankstatement”atSeptember30.

c.Acheckthatisoutstandingfortwoconsecutivemonthsshouldbeincludedinbothmonths’bankreconciliations.

d.Acreditmemorandumonabankstatementindicatesanadditiontothebankbalance.

19.VoucherRegisteris（B）

a.Arecordofvouchersthathavebeenpaid

b.Thejournalthatcontainsarecordofeachapprovedvoucher

c.Alistofdebts

d.Adocumentthatauthorizespayment.

20.Estimatedbaddebtsaspresentedontheincomestatementis（C）

a.Allowanceforuncollectibleaccounts

b.Credit

c.Uncollectibleaccountsexpense

d.Revenue

21.TheGAAPassetsthatanitemshouldbeincludedinafinancialstatementifitsomissionormisstatementwouldtendtomisleadtheusersoffinancialstatementsisknownas（C）

a.thecost-benefitcriterion

b.thegoingconcernconvention

c.thematerialityconvention

d.reliability

22.Accountsreceivable,notesreceivable,andinterestreceivableareallclassifiedas__________onthebalancesheet.（A）

a.assets

b.liabilities

c.owners'

equity

d.receivables

23.Whichbookordocumentisalistofallaccountsandtheirbalances?

（B）

a.thejournal

b.thetrialbalance

c.theledger

d.thechartofaccounts

二、多项选择题

1.Threemajorfieldsofaccountingactivityare:

a.socialaccounting

b.privateaccounting

c.publicaccounting

d.governmentalaccounting

2.Thethreeformsofbusinessorganizationsare:

a.Corporation

b.Enterprise.

c.Singleproprietorship

d.Partnership

3.Specializedfieldsofaccountinginclude:

a.costaccounting

b.taxaccounting

c.governmentalandnot-for-profitaccounting

d.HRaccounting

e.internationalaccounting

4.Theinterestedusersoffinancialinformationinclude:

a.Banksandothercreditors

b.Managers

c.Stockholders

d.Investmentadvisors

e.Governmentalagencies

5.Long-termassetscanbefurtherclassifiedinto:

a.long-terminvestments

b.fixedassets

c.intangibleassets.

d.capitalstock

6.Thenecessarydataforpreparingthebalancesheetandincomestatementareaccumulatedinmajorcategoriesofledgeraccountsincluding:

a.assetsaccounts

b.liabilitiesaccounts

c.owners’equityaccounts

d.revenuesaccounts

e.expensesaccounts

7.Adjustingentriesmadetoalignrevenueandexpensewiththeappropriateperiodsconsistof:

a.Apportioningrecordedcosttoperiodsbenefited.

b.Apportioningrecordedrevenuetoperiodsinwhichitisearned

c.Accruingunrecordedexpenses

d.Accruingunrecordedrevenue

e.Merchandiseinventoryadjustment

8.Assumeendinginventoryisoverstatedbecausesomeinventoryisaccidentallycountedtwice.Whichofthestatementsbelowregardingthissituationistrue?

a.Netincomeforthisaccountingperiodwillbeoverstated.

b.COGSforthisaccountingperiodwillbeoverstated

c.Netincomeinthenextaccountingperiodwillbeunderstated.

d.EndingRetainedEarningsinthenextaccountingperiodwillbecorrect.

9.Whichstatementbelowregarding"

closingprocedures"

iscorrect?

a.Closingproceduresonlyapplytotemporaryaccounts.

b.Closingthebooksmeanstopreparetheaccountsfornextperiod'

stransactions.

c.Theclosingprocessonlyappliestopermanentaccounts.

d.EventuallyclosingentriestransfertemporaryaccountbalancestoRetainedEarnings.

三、判断题

1.Thenormalbalanceofanaccountappearsonthesideforrecordingincreases（）

2.Itiscustomarytoincludeanyamountsreceivedfromcustomersbuthasnotyetearnedasrevenueincurrentliability.（）

3.Financialpositionofanorganizationcanbestbedeterminedbyreferringtotheincomestatement.（）

4.ManagerialaccountingisgovernedbyGAAP.（）

5.Currentassetsarepresentedintheorderofliquidityorconvertibilityintocash;

whilecurrentliabilitiesarelistedintheorderthattheycomedue.（）

6.Closingproceduresonlyapplytopermanentaccounts.（）

7.Netincomeornetlossintheincomestatementisreflectedintheowners’equitysectiononthebalancesheetattheendoftheaccountingperiod.（）

8.Retainedearningrepresentsexactlywhatthetermimplies:

thatportionofnetincomethecompanyhasretained.（）

9.BusinessfirmswhoseaccountingyearendsonDecember31aresaidtobeonacalenda