会计专业英语复习题参考答案.doc

《会计专业英语》复习题参考答案

Keys to Exercises

Lesson 1
Word and Term Study
1. e 2.d 3.a 4.c 5.b
Review Exercises &Problems
A. 1. F 2. F 3.T 4.F 5.F
B. (略)
C. 参考译文：
由一人拥有和控制的企业被称为个人独资企业。这种企业形式比较简单，而且通常投资
额较小。个人独资企业的所有者对企业内所有的事务制定决策并拥有企业的全部利润。合伙企业是由两个或以上的人（合伙人）共同拥有和控制的企业组织形式。一般在合伙企业中，每个合伙人对企业债务都承担无限责任。同时，合伙企业的寿命也是有限的，企业可能因为某个合伙人死亡或退休而终止。
公司是依照法律规定成立的独立法人组织。公司由股东拥有，股东通过购买公司的股份为公司提供资本。股东个人对公司的债务不承担无限责任。大多数公司的经营业务由股东选出的董事会实施控制。
Lesson 2
Word and Term Study
1. d 2.c 3.e 4.b 5.f 6.a
Review Exercises& Problems
A. 1. F 2. T 3.F 4.F 5.F
C. 参考译文：
在会计恒等式中，资产必须等于负债和所有者权益之和。因为债权人的财产要求权在企业清算时是优先于所有者支付的，所以在会计基本等式中，负债是排列在所有者权益前面的。会计恒等式适用于所有的经济实体，无论其大小、业务性质或组织形式。该等式适用于小型私人经济实体，如街边的杂货店，同样也适用于大公司。这一等式为记录和总结企业的经济活动提供了基本框架。
Lesson 3
Word and Term Study
1. c 2. e 3.d 4. b 5. a
Review Exercises &Problems
A. 1. d 2.b 3.c 4. c 5. c
B. 2. Each transaction must be entered in two or more accounts with equal debit and credit amounts. The normal balances of the three account groups are as follows:
Account group Normal Balance
Assets Debit
Liabilities Credit
Owner’s equity Credit
C. Case Problem
1. (1)
June 2 Asset account debited and Owner’s equity account credited.
5 An asset account debited, another asset account credited.
7 An asset account debited, a liability account credited.
15 An asset account debited, an owner’s equity account credited.
20 An expenses account debited, an asset account credited.
26 An asset account debited, another asset account credited.
28 A liability account debited, an asset account credited.
31 An owner’s equity account debited, an asset account credited.
(2) June 2 Debit Cash, increased; Credit O.Wilson Capital, increased
5 Debit Vehicle, increased; Credit Cash, decreased
7 Debit Supplies, increased; Credit Accounts Payable, decreased
15 Debit Accounts Receivable, increased; Credit Service Revenue, decreased
20 Debit Advertising Expenses, increased; Credit Cash, decreased
26 Debit Cash, increased; Credit Accounts Receivable, decreased
28 Debit Accounts Payable, decreased; Credit Cash, decreased
31 Debit O. Wilson, Drawings, increased(owner’s equity decreased); Credit Cash,
decreased
D．参考译文：
试算平衡表并不能证明所有的经济业务都已经入账，也不表明分类账的记录是正确的。即使试算平衡表的借贷栏合计相等，也还可能存在很多错误。例如，即使在以下情况下，试算平衡表仍可能是平衡的：（1）一笔业务没有登记到日记账；（2）一笔正确的日记账分录没有过账；（3）一笔日记账分录被两次过账；（4）在登记日记账或过账时使用了错误的账户；（5）在登记业务金额时两处或以上的错误互相抵销。换句话说，只要过账时借方和贷方的金额相等，即使过入的账户或金额是错误的，试算平衡表的借贷栏合计数仍然会相等。
Lesson 4
Word and Term Study
1. b. c. d. g. h.
2. (1) account number
(2) sales returns and allowances
(3) credit purchases
(4) source document (or business document)
(5) journal; ledger accounts
Review Exercises &Problems
A. 1. c 2. a 3.c 4.b
B. 1.CR 2. S 3. SR 4.CR 5. CP 6. G 7. CP 8. P 9.PR 10.P
C. (1)
GENERAL JOURNAL J1
Date
Account Titles and Explanation
Ref.
Debit
Credit
2009
Jan 1

3

4

5

7

10

13

15

17

20

Cash
P. Wheeler, Capital
Invested cash in business.
Prepaid Rent
Cash
Paid rent for 3 months on the shop space.
Repair Equipment
Cash
Purchased repair equipment for cash.
Cash
Service Revenue
Received cash for services performed.
Repair Equipment
Accounts Payable
Purchased repair equipment on credit.
Accounts Receivable
Service Revenue
Performed service for Fred Baca on credit.
Accounts Payable
Cash
Paid for account owed to Comet.
Advertising Expense
Cash
Paid for advertising service.
Cash
Accounts Receivable
Received account from Fred Baca
P. Wheeler, Drawings
Cash
Withdrew cash for personal use.

5,000

675

700

1005.5

450

175

250

75

175

350

5,000

675

700

1005.5

450

175

250

75

175

350

(2)
Prepaid Rent
Jan.3 $ 675

Bal. 675

Cash
Jan.1 $ 5,000
5 1,005.5
17 175
Jan.3 $ 675
4 700
13 250
15 75
20 350
Bal. 4,130.5

Repair Equipment
Jan.4 $700
7 450

Bal. 1150

Accounts Payable
Jan.13 $250
Jan.7 $450

Bal. 200

Service Revenue

Jan.5 $1005.5
10 175

Bal. 1180.5
Advertising Expense
Jan.15 $ 75

Bal. 75

P. Wheeler, Capital

Jan.1 $5,000

Bal. 5,000

P. Wheeler, Drawings
Jan.20 $350

Bal. 350

Accounts Receivable
Jan.10 $175
Jan.17 $175
Bal. 0

(3) Wheeler’s Repair Shop
Trial Balance
January 20,2009
Debit Credit
Cash $4130.5
Prepaid Rent 675
Repair Equipment 1150
Accounts Payable 200
P. Wheeler, Capital 5,000
P. Wheeler, Drawings 350
Service Revenue 1,180.5
Advertising Expense 75
Totals $6,380.5 $6,380.5
Lesson 5
Word and Term Study
1.c 2. a 3. b 4.e 5. d
Review Exercises &Problems
A. 1. d 2. b 3.d 4.c 5.c
B. 4.
(1). June 30 Depreciation Expense 1 362
Accumulated Depreciation—Equipment 1 362

(2). June 30 Unearned Revenue 4 200
Service Revenue 4 200

(3). June 30 Interest Expense 650
Interest Payable 650

(4). $2 500- $1075 = $1 425
June 30 Supplies Expense 1 425
Supplies 1 425

(5). June 30 Insurance Expense 1 170
Prepaid Insurance 1 170
C．参考译文：
收入实现原则要求收入必须在其赚得的会计期间确认。在服务企业中，收入被认为是在服务履行的时候赚得的。另一方面，会计人员还遵循“费用跟着收入走”的原则。也就是说，费用的确认取决于收入在什么时候确认。例如，服务企业为履行服务所发生的工薪费用应当在服务收入确认的同一会计期间登记入账，并在同期的损益表中列报，而不论这项费用在此期间是否支付。
Lesson 6
Word and Term Study
1. owner’s equity
2. statement of owner’s equity
3. report, T-account
4. cash flow statement
5. interrelated
Review Exercises &Problems
A. 1. F 2. F 3. T 4. F 5. T
B. (略)
C. Case Problem
1. (a). net income= $3,070
(b).
J. Smith Consulting Firm
Income Statement
For the month ended April 30,2010
Service Revenue

$6,700
Expenses

Rent Expense
$1,200

Advertising Expense
180

Salaries Expense
1,800

Utilities Expense
450

Total Expenses

3,630
Net Income

$3,070
(c).
J. Smith Consulting Firm
Balance Sheet
April 30, 2010
Assets

Liabilities

Cash
$4,150
Accounts Payable
$ 380
Accounts Receivable
4,200
Short-term Loan
3,000
Supplies
500
Total Liabilities
3,380
office furniture
1800
Owner’s Equity

J. Smith Capital
7,270
Total Assets
$10,650
Total liabilities and owner’s equity
$10,650

Lesson 7
Word and Term Study
1. c 2. e 3. a 4. b 5. f 6. d
Review Exercises &Problems
B.
1. T 2. F 3. F 4. F 5. F

C.
1. The ABC, Capital, Accounts Payable, Accounts Receivable, Accumulated Depreciation, Buildings, Cash, Prepaid Expense, Supplies, and Unearned Revenue accounts appear in a post-closing trial balance.

2. a. Closing entries:
Dec.31 Service Revenue 69,000
Income Summary 69,000
31 Income Summary 37,900
Insurance Expense 2,600
Salaries Expense 18,300
Depreciation Expense 7,200
Utilities Expense 1,200
Rent Expense 8,600
31 Income Summary 31,100
Danny, Capital 31,100
31 Danny, Capital 5,500
Danny, Drawings 5,500
b.

Adjusted Trial
Balance
Closing
Entries
Post-Closing
Trial Balance
Cash
10,800

10,800

Accounts Receivable
32,000

32,000

Supplies
7,600

7,600

Equipment
105,000

105,000

Accumulated Depreciation — Equipment

38,600

38,600
Patent
26,000

26,000

Accounts Payable

30,700

30,700
Interest Payable

1,300

1,300
Salaries Payable

5,200

5,200
Danny, Capital

80,000
5,500
31,100

105,600
Danny, Drawings
5,500

5,500

Service Revenue

69,000
69,000

Insurance Expense
2,600

2,600

Salaries Expense
18,300

18,300

Depreciation Expense
7,200

7,200

Utilities Expense
1,200

1,200

Rent Expense
8,600

8,600

Income Summary

37,900
31,100
69,000

Total
224,800
224,800
143,500
143,500
181,400
181,400
c.
Danny, Capital

Beginning bal. 55,000

April 20 25,000
Closing 5,500
Closing 31,100

Ending bal. 105,600
Lesson 8
Word and Term Study
1. perpetual inventory
2. Discount Received
3. FOB shipping point
4. sales returns and allowances
5. Gross profit
Review Exercises &Problems
A. 1. F 2. T 3. T 4. T 5. F
C. Remon (seller):
Sept. 4
Accounts Receivable—Dakota.
Sales
Cost of Goods Sold
Inventory
1,700

1,050

1,700

1,050
5
No entry

8
Accounts Receivable—Dakota
Sales
Cost of Goods Sold
Inventory
1,200

850

1,200

850
9
Freight-out (or Delivery Expenses)
Cash
50

50
15
Sales Returns and Allowances
Accounts Receivable—Dakota
Inventory
Cost of Goods Sold
200

140

200

140
19
Cash
Accounts Receivable—Dakota
1,000

1,000
22
Accounts Receivable—Dakota
Sales
Cost of Goods Sold
Inventory
Freight-out (or Delivery Expenses)
Cash
2,500

1,650

90

2,500

1,650

90
30
Cash
Sales Discounts
Accounts Receivable—Dakota
2,450
50*

2,500
*2%×$2,500 =$50
Dakota(buyer):
Sept. 4
Inventory
Accounts Payable—Remon
1,700

1,700
5
Freight-in
Cash
40

40
8
Inventory
Accounts Payable—Remon
1,200

1,200
9
No entry.

15
Accounts Payable—Remon
Inventory
200

200
19
Accounts Payalbe—Remon
Cash
1,000

1,000
22
Inventory
Accounts Payable—Remon
2,500

2,500
30
Accounts Payable—Remon
Cash
Discount Received
2,500

2,450
50

Lesson 9
Word and Term Study
1. policies procedures
2. Dividing responsibility (or Segregating duties)
3. accuracy reliability
4. regular independent
5. guarantees
Review Exercises
A. 1. T 2. F 3.T 4.F 5.F
B. (略)
C. Translation
技术进步使电子商务得到发展。大多数公司有一些电子商务交易。所有这些交易至少涉及三种风险:（1）信用卡卡号被盗是这些交易数据在网络上使用，传输和储存的过程中存在的风险，这也增加了电子商务的成本；（2）电脑病毒是一个恶意程序，它会感染和损坏其他正常的文件和程序。（3）虚假的网上操作可导致销售收入假账的产生，采购不当材料，并在事主不知情的情况下将机密信息泄露给网络黑客。
Lesson 10
Word and Term Study
1. bills coins
2.Petty cash
3. bank reconciliation
4 bank statement
5.cash over and short
Review Exercises& Problems
A. 1. F 2. T 3.T 4.F 5. F
B．(略)
C. (1)
Gates Company
Bank Reconciliation
July 31, 2010
Balance per bank statement
$3000
Balance per book
$2600
Add: deposit of July 31, not yet
credited by the bank

$100
Add: Note collected by bank,
plus interest

$408

$3100

$3008
Deduct: outstanding check
No.607

$520
Deduct:
NSF check

428

Adjusted bank balance

$2580

Adjusted book balance

$2580
(2) Jul. 31 Cash—Checking 408
Notes Receivable 400
Interest Revenue 8
Jul.31 Accounts Receivable 428
Cash—Checking 428

D. 参考译文
现金收入的内部控制确保了所有现金收入的妥善记录和存入银行。许多业务活动产生了现金收入，包括现金销货，客户账款的收回，利息和租金收入，银行借款，资产出售，和业主投资。为了防止偷窃和滥用现金，从收到现款时起到现金存入银行的各个环节，公司都必须对其进行控制，这类程序称为预防性控制。发现偷窃或滥用现金的程序称为侦查性控制。
Lesson 11
Word and Term Study
1. d 2. c 3. b 4. f 5. h 6. a 7. e 8. g

Review Exercises & Problems
B. 1. T 2. F 3. F 4. T 5. T 6. T
C.
1. Dec.31, 2008 Bad Debts Expense 5,300
Allowance for Doubtful Accounts 5,300
Dec.31, 2009 Bad Debts Expense 6,180
Allowance for Doubtful Accounts 6,180
2. a. Dec.31, 2008 Bad Debts Expense 3,940
Allowance for Doubtful Accounts 3,940
b.May 17, 2009 Accounts Receivable 50,000
Sales 50,000
c. June 8 Allowance for Doubtful Accounts 3,000
Accounts Receivable 3,000
d. July 2 Cash 27,000
Accounts Receivable 27,000
e.Dec. 31 Bad Debts Expense 3,100
Allowance for Doubtful Accounts 3,100
f. Jan. 12, 2010 Account Receivable 3,000
Allowance for Doubtful Accounts 3,000
Cash 3,000
Accounts Receivable 3,000
Lesson 12
Word and Term Study
1. finished goods
2. FIFO (or first-in, first-out)
3. specific identification
4. consistency principle
5. cost market value
Review Exercises & Problems
A. 1.T 2.F 3.F 4.T 5. F
B.
4.(1) Units of ending inventory = Units available for sale –Units sold
=30 -17=13
Cost of the ending inventory : 8 units@$24 … $192
5 units@$19 .... 95
$287
(2) There are 13 units of ending inventory.
Cost of the ending inventory: 10 units@$20 = $200
3 units@$19 = 57
$257
(3) Total cost of goods available for sale =10×$20+12×$19 +8×$24=$620
Weighted average unit cost = $620÷30 = $ 20.67
Cost of the ending inventory: 13 units @20.67 = $268.71
C. 参考译文：
永续盘存制比定期盘存制能够对存货更好地进行控制。在永续盘存制下，存货账面记录反映了库存存货的应有数量，因此管理人员随时可以对存货进行盘点以核对库存存货数额是否与存货记录相符。所发现的任何盘亏存货都可以立即接受调查。尽管永续盘存制需要更多的记账和控制工作及较高的存货记录成本，但利用计算机信息系统能够将此类成本降到最低。
Lesson 13
Word and Term Study
1. f 2. c 3. e 4. a 5. b 6. d
Review Exercises & Problems
B. 1. c 2. d 3. a 4. b 5. c
C.
1. (1) a. Straight-line