会计英语复习题.doc

一:Choose the best answer for each statement below

（ A ）1. Postings from the purchases journal to the subsidiary ledger are generally made:
A. Daily. B. Weekly.
C. Monthly. D. Yearly.
（ D ）2 If beginning inventory is $50,000, cost of goods purchased is $260,000, and ending inventory is $40,000, cost of goods sold is:
A. $300.000. B. $280,000.
C. $210,000. D. $270,000.
（ B ）3. ABC Company sells merchandise on Feb15 on account to XYZ Co. for $11,000, terms 2/10, n/30. On Feb24, payment is received from XYZ Co. What is the amount of cash received?
A. $11,000 B. $10,780
C. $11,220 D. $220

( C ) 4. Please select which components should less from the value of plant assets.
A. Merchandise inventory B. Income tax payable
C. Accumulated depreciation D.Retained earnings
( D )5．Which of the following is not a characteristic of plant assets?
A. Tangible B. Long-lived
C. Unchanged outlook D. For resale
（ C ）6。 Please select the items which do not belong to the Balance Sheet:
A. Long-term investment. B. Accounts receivable.
C. Income tax expense. D. Retained earnings.

（ D ）7. Who does not want to see your Balance Sheet?
A. Creditor. B. Investor.
C. Manager. D. Customer.
（ C ）8. The equity method of accounting for long-term investments in stock should be used when the investor owns:
A. Less than 20% of the common stock of the investee.
B. More than 20% of the common stock of the investee.
C. Between 20% and 50% of the common stock of the investee.
D. More than 50% of the common stock of another entity.
（ D ）9. Jane Smith earns $12 per hour for a 40-hour week and $22 per hour for any overtime work. If Jane works 48 works in a week, gross earnings are:
A. $480. B. $576.
C. $650. D. $656.
（ B ）10. Decide which of the following statements is true.
A. Since intangible assets lack physical substance, they need be disclosed only in the notes to the financial statements.
B. Totals of major classes of assets can be shown in the balance sheet, with asset details disclosed in the notes to the financial statements.
C. Goodwill should be reported as a contra-account in the owner’s equity section.
D. Intangible assets are typically combined with plant assets and natural resources and shown in the property, plant, and equipment section.
( C ) 11. Please select which components should less from the value of plant assets.
A. Merchandise inventory
B. Income tax payable
C. Accumulated depreciation
D.Retained earnings
( D )12．Which of the following is not a characteristic of plant assets?
A. Tangible
B. Long-lived
C. Unchanged outlook
D. For resale
( A )13. In accounting, which of the following factors is not an estimate to determine the depreciation of a plant asset?
A. Cost
B. Useful life
C. Salvage value
D. Total units of output
( C )14. Please select an item for not belong to the Balance Sheet.
A. Long-term investment
B. Accounts receivable
C. Income tax expense
D. Retained earnings
( A )15. In general, which is the basis of preparing a Balance Sheet?
A. Assets=Liabilities + Owners’ equity
B. Assets - Liabilities = Owners’ equity
C. Profits = Revenues - Expenses
D. Revenues =Profits + Expenses
( A ) 16. In accounting, which of the following factors is not an estimate to determine the depreciation of a plant asset?
E. Cost B. Useful life
C. Salvage value D. Total units of output
( C )17. Please select an item for not belong to the Balance Sheet.
A. Long-term investment B. Accounts receivable
C. Income tax expense D. Retained earnings
( A )18. In general, which is the basis of preparing a Balance Sheet?
A. Assets=Liabilities + Owners’ equity
B. Assets - Liabilities = Owners’ equity
C. Profits = Revenues - Expenses
D. Revenues =Profits + Expenses
( C )19. The major elements of the income statement are:
A. Revenue, cost of goods sold, selling expenses and general expense
B. Operating section, cooperating section, discontinued operations, extraordinary items, and cumulative effect
C. Revenues, expenses, gains and losses
D. All of these
( D )20. Information in the income statement helps users to:
A. Evaluate the past performance of the enterprise
B. Provide a basis for predicting future performance
C. Help assess the risk or uncertainty of achieving future cash flows
D. All of these
（ D ）21. Jane Smith earns $12 per hour for a 40-hour week and $22 per hour for any overtime work. If Jane works 48 works in a week, gross earnings are:
A. $480. B. $576.
C. $650. D. $656.
（ B ）22. Decide which of the following statements is true.
E. Since intangible assets lack physical substance, they need be disclosed only in the notes to the financial statements.
F. Totals of major classes of assets can be shown in the balance sheet, with asset details disclosed in the notes to the financial statements.
G. Goodwill should be reported as a contra-account in the owner’s equity section.
H. Intangible assets are typically combined with plant assets and natural resources and shown in the property, plant, and equipment section.
（ A ）23. Postings from the purchases journal to the subsidiary ledger are generally made:
A.Daily. B. Weekly.
C. Monthly. D. Yearly.
（ D ） 24. If beginning inventory is $50,000, cost of goods purchased is $260,000, and ending inventory is $40,000, cost of goods sold is:
B. $300.000. B. $280,000.
C. $210,000. D. $270,000.
（ B ）25. ABC Company sells merchandise on Feb15 on account to XYZ Co. for $11,000, terms 2/10, n/30. On Feb24, payment is received from XYZ Co. What is the amount of cash received?
A. $11,000 B. $10,780
C. $11,220 D. $220
参考答案：1-5 A D B C D,6-10 ; C D C D B
11-15 C D A C A,16-20, A C A C D 21-25 D B A D B
二、Translate the following Chinese into English

1、原始凭证
2、现金折扣
3、资产负债表
4、现金流量表
5、明细分类帐
6、流动负债
7、借方和贷方
8、复式记帐法
8、会计假设
10、债券投资

参考答案：

1、 original vouchers
2、 cash discount
3、 balance sheet
4、 statement of cashflow
5 subsidiary ledgers
6、 current liabilities
7、 debit and credit
8、 double entry
9、 accounting assumptions
10、 bonds investment

三、Decide whether the statements are true or false. Write “T” for “True” and “F” for “False”
（ T ）1．Revenues increase owner’s equity.

（ F ）2. Most companies have fewer balance of assets accounts than balance of liability account.

（ T ）3. Debit means left，credit means right.

（ F ）4. Debit means increase，credit means decrease.

（ T ）5. The accounting reporting period agrees to the calendar year.

（ F ）6. If revenues exceed expenses for the same accounting period，the entity is deemed to suffer a loss.

（ T ）7. Expenses decrease owner’s equity.

（ T ）8. The statement of cash flow is concerned only with cash and cash equivalents.

（ F ）9. Accounting provides financial information that is only useful to a business management.

（ F ）10. Accounting is another word for bookkeeping.
( F ) 11. Accounting is another word for bookkeeping.
( F ) 12. Accounting provides financial information that is only useful to a business management.
( T )1 3. The statement of cash flow is concerned only with cash and cash equivalents.
( T ) 14. Expenses decrease owner’s equity.
( F )1 5. If revenues exceed expenses for the same accounting period，the entity is deemed to suffer a loss.
( T )1 6. The accounting reporting period agrees to the calendar year.
( F )17. Debit means increase，credit means decrease.
( T ) 18. Debit means left，credit means right.
( F )1 9. Most companies have fewer balance of assets accounts than balance of liability account.
( T )20．Revenues increase owner’s equity.

参考答案： 1-5 T F T F T , 6-10 F T T F F， 11-15F F T T F ,16-20 T F T F T ;

四、
Intangible Assets 无形资产
Patents 专利
Copyrights 商标
Goodwill 商誉
Current Assets 流动资产
Accounts Receivables 应收账款
Notes Receivables 应收票据
Inventories 存货

Plant Assets 固定资产
Vehicles 车辆
Furniture and Fixtures 家具
Equipments 机器设备
Buildings 建筑物
Accumulated Depreciation 累计折旧
Land 土地
五、Analyze the below transactions of FJ company and write down the accounting entry.
1． John Whith and his family invested $6,000 in FJ Company and received 600 shares of stock.

2. FJ Company sold the products to DEF Company for $2,000, DEF Company agrees to pay ABC within 20 days.

3．FJ Company paid its telephone bill for $100 cash.
参考答案
1、Debit: Cash in Bank $6,000
Credit: Capital Stock $6,000

2、Debit: Accounts Receivable $2,000
Credit: Prime Operating Revenue $2,000
3、Debit: Administrative Expenses $100
Credit: Cash $100

六、Sentences translation
1．With a properly prepared balance sheet, you can look at a balance sheet at the end of each accounting period and know if your business has more or less value, if your debts are higher or lower, and if your working capital is higher or lower. 1、如果有了正确编制的资产负债表，你就能知道你公司的每一个会计期末的价值是更多了还是更少了，你的债务是更高了还是更低了，你的实收资本是更高了还是更低了。

2．It is a key figure for shareholders because it reveals the company’s final income that can be distributed to shareholders and /or reinvested for future growth. 2、就股东而言，税后净利润是一个关键数据，因为它揭示了可分配给股东或为未来增长进行再投资的企业最终受益。

3. Current assets are cash or items that can be converted into cash within a year. Cash, accounts receivable, inventory, marketable securities, prepaid expenses, and short-term investment are all current assets. 4、流动资产通常代表公司资金中的现金，或者未来一年之内可转化为现金的部分，如现金、应收账款、存货、有价证券、预付账款以及短期投资。

4． A balance sheet is a snapshot of a business financial condition at a specific moment in time, usually at the close of an accounting period. 5、资产负债表使企业在某一特定时日，通常是在会计年度末财务状况的反映。

5． The operating expenses or losses arising from the failure to collect receivables is called bad debts expense. Generally, two methods below are used in accounting for bad debts：Direct Write-off Method and Allowance Method. 6 因不能收回应收账款而产生的营业费用或营业损失称为坏账损失。通常，坏账的核算方法有两种：直接转销法和备抵法。
6．Depreciation means a part of the value of the asset is gradually transferred to the cost of products, or because of wear and tear, or technological obsolescence during its useful life. 7
折旧是一项资产在使用年限内因磨损或因技术老化逐渐转移到产品或服务的成本中去的那一部分价值。

7．What are accounting elements? Accounting elements are a basic classification of accounting objectives, and embodies the object of accounting practices. 9、
什么是会计要素？会计要素是对会计对象进行的基本分类，是会计核算对象的具体化。