會計專業(yè)英語練習題.

1、Chapter 2 Accounting Concepts and Principles財務報表要素Asset資產(chǎn)Liability 負債Equity所有者權(quán)益、股本Reve nue 收入Expe nse 費用Gain 利得Loss 損失For each item below, in dicate to which category of eleme nts of finan cial stateme nts it bel ongs.每個項目下面，說明這類財務報表要素屬于(a) Reta ined earnings 留存收益equity(b) Sales 銷售reve nue(c) Addit

2、i onal paid-i n capital 股本溢價equity(d) Inventory 存貨asset(e) Depreciati on折舊費expenseDivide nds股息equity(g) Gai n on sale of inv estment出售投資收益gai n(h)I nterestpayable應付利息liability(i)Loss on sale of equipme nt銷售設備的虧損loss(j) Issua nee of com mon stock 發(fā)行普通股equityChapter 3 Financial StatementsInstructionsI

3、ndicate by letter where each of the following1. Preferred stock.2. Goodwill.3. Wages payable.4. Trade accounts payable.5. Buildings.6. Trading securities.7. Current portion of long-term debt.8. Premium on bonds payable.9. Allowance for doubtful accounts.10. Accounts receivable.items would be classif

4、ied.11. Cash surrender value of lifeinsurance.12. Notes payable (due next year).13. Office supplies.14. Common stock.15. Land.16. Bond sinking fund.17. Merchandise inventory.18. Prepaid insurance.19. Bonds payable.20. Taxes payable.1 優(yōu)先股2 商譽3 應付工資4 貿(mào)易應付帳款5 建筑物6 證券交易。7 長期債務的當期部分8 應付債券溢價9 壞賬準備10 應收賬款1

5、1 人壽保險現(xiàn)金解約價值12 應付票據(jù)(明年)13 辦公用品14 普通股15 土地16 債券償債基金17 商品庫存18 預付保險費19 應付債券20 應付稅款(a) 流動資產(chǎn) 6.9.10.13.17.18(b) 投資 16(c 固定資產(chǎn) 5.15(d) 無形資產(chǎn) 2(e) 其他資產(chǎn) 11Exercise 2.The accounting department supplied the following data in recording theSeptember 30 bank statement for Rytton, Inc.Closing cash balance per bank

6、statement$15 496.91Closing cash balance per cash book14 692.71Exercise 1. Presented on the next page are the captions of Faulk Company在下一頁的標題的?？斯镜馁Y產(chǎn)負債表。(f)(g)(h)(i)(j)(a) Current assets.(b) Investments.(c) Property, plant, and equipment.(d) Intangible assets.(e) Other assets.(a) 流動資產(chǎn)(b) 投資(c 固定資產(chǎn)(d

7、 )無形資產(chǎn)(e)其他資產(chǎn)s balance sheetCurrent liabilities.Non-current liabilities.Capital stock.Additional paid-in capital.Retained earnings.流動負債(g)非流動負債。(h)股本(i) 股本溢價(j) 留存收益。(f)流動負債 347.12.20(g) 非流動負債 8.19(h) 股本 1.14(i) 股本溢價(j)留存收益Deposits in transit2 615.23Bank service charge25.00Outstanding checks3 079.51

8、Note collected by bank including $45 interest (Rytton not yet 1 045.00 notified)Error by bank-check drawn by Rytten Corp. was charged to 617.08 Ryttons accountA sale and deposit of $1 729.00 was entered in the sales journal and cash receipts journalas $1 792.00.銀行： 15496.91 企業(yè)： 14692.71加 2615.23 617

9、.08 加 1045減 3232.31 減 2563平衡： 15649.71InstructionsPrepare the September 30 bank reconciliation.Exercise 3. A machine is purchased at the beginning of 2002 for $36 000. its estimatedlife is 6 years. Freight costs on the machine are $2 000. Installation costs are $1 200. Themachine is estimated to hav

10、e a residual value of $500 and a useful life of 40 000 hours. Itwas used 6 000 hours in 2002. 2002 年初采購機器價款 36000 美 元，估計有 6 年壽命。機器的貨運成本是 2000 美元，安裝成本是 1200 美元。該 機預計凈殘值為 500 美元，可以使用壽命 40000 小時。在過去的 2002 一年它使 用了 6000 小時。InstructionsWhat is the cost of the machine for accounting purposes? 36000+2000+12

11、00=39200Compute the depreciation charge for 2002 using 計算 2002 年的折舊費 (a) thestraight-line method 直線法 and (b) the service-hours method!作量法(a) 直線法(平均年限法)年折舊額 =(固定資產(chǎn)原值 -預計凈殘值) /預計使用年限2002 年折舊額 = (39200-500) /6=6450(b) 工作量法單位工作量折舊費 = (固定資產(chǎn)原值 -預計凈殘值) /預計工作總量 年折舊額 =當年實際工作量 * 單位工作量折舊費單位.=(39200-500) /40000

12、=0.96752002 年折舊額 =0.9675*6000=5805Exercise 3.Mick Inc. has outstanding 10,000 shares of $10 par value common stock. On July 1, 2008,Mick reacquired 100 shares at $85 per share. On September 1, Mick reissued 60 sharesat $90 per share. On November 1, Mick reissued 40 shares at $83 per share.Instructio

13、nsPrepare Mick s journal entrtioesrecord these transactions using (a) the cost method,（b） the par value method.麥克公司擁有優(yōu)秀的 10000 股，面值 10 美元的普通股。 2008 年 7 月 1 日，麥克 發(fā)行100 股每股 85 美元。 九月一日， 麥克發(fā)行 60 股每股 90 美元。十一月一日， 麥克發(fā)行 40 股每股 83 美元。米克的預備日記帳分錄記錄下這些交易使用的（a）成本法（b）帳面價值的方法。（ a） 成本法： the cost method7/1/08Treas

14、ury stock (100*85)Cash850085009/1/08Cash(60*90)5400Treasury stock (60*85)5100Paid-in capital from treasury stock30011/1/08Cash(40*83)3320Paid-in capital from treasury stock80Treasury stock (40*85)3400(b) 帳面價值的方法： the par value method7/1/08 Treasury stock (100*10)1000Paid-in capital from treasury sto

15、ck 7500 Cash (100*85) 85009/1/08 Cash (60*90)5400Treasury stock (60*10)600Paid-in capital from treasury stock480011. /1/08Cash (40*83)3320Paid-in capital from treasury stock2920Treasury stock (40*10)4008. Which account is not a contra-asset account?B1. The economic resources of a business are called

16、:BA. Owner s Equity B. AssetsC. Accounting equation D. Liabilities2. DTK Company has a $3500 accounts receivable from GRS Company. On January 20,GRS Company makes a partial payment of $2100 to DTK Company. The journal entrymade on January 20 by DTK Company to record this transaction includes: DA. A

17、debit to the cash receivable account of $2100.B. A credit to the accounts receivable account of $2100.C. A debit to the cash account of $1400.D. A debit to the accounts receivable account of $1400.3. In general terms, financial assets appear in the balance sheet at: AA. Face value.賬面價值B. Curre nt va

18、lue 現(xiàn)值C. Market value. 市場價值 D. Estimated future sales value.4. Each of the following measures strengthens internal control over cash receipts except:DA. The use of a voucher system.B. Preparation of a daily listing of all checks received through the mail.C. The deposit of cash receipts intact in the

19、 bank on a daily basis.D. The use of cash registers.5. Which of the following items is the greatest in dollar amount? DA. Beginning inventory 期初存貨B. Cost of goods sold. 銷貨成本C. Cost of goods available for saleD. Ending inventory 期末存貨6. Why do companies prefer the LIFO inventory 后進先出法 method during a

20、period ofrising prices? BA. Higher reported incomeB. Lower income taxesC. Lower reported incomeD. Higher ending inventory7. Which of the following characteristics would prevent an item from being included inthe classification of plant and equipment? DA. IntangibleB. Unlimited lifeC. Being sold in it

21、s useful lifeD. Not capable of rendering benefits to the business in the future.A. Depreciation ExpenseB. Accumulated DepletionC. Accumulated DepreciationD. Allowance for Doubtful Accounts9. What are the two factors that make ownership of an interest in a general partnershipparticularly risky?AA. Mu

22、tual agency and unlimited personal liabilityB. Limited life and unlimited personal liability.C. Limited life and mutual agency.D. Double taxation and mutual agency10. Which of the following types of business owners do not take an active role in thedaily management of the business? DA. General partne

23、rs B. Limited liability partnersC. Sole proprietors 個體經(jīng)營者 D. Stockholders in a publicly owned corporation11. Analysts can use the footnotes to the financial statements to DA. Help their analysis of financial statementsB. Help their understanding of financial statementsC. Help their checking of finan

24、cial statements.D. All of the above12. The current liabilities are $30 000, the long-term liabilities are $50 000, and the totalassets are $240 000. What is the debt ratio? CA. 0.125 B. 0.208 C. 0.333 D. 3.013. The horizontal analysis is used mainly to AA. Analyzing financial trendsB. Evaluating fin

25、ancial structureC. Assessing the pat performancesD. Measuring the term-paying ability14. Among the following ratios, which is used for long-term solvency analysis? 長期 償債能力分析 AA. Current ratio 流動比率 B. Times-interest-earned ratioC. Operating cycleD. Book value per share15. A profit-making business tha

26、t is a separate legal entity and in which ownership isdivided into shares of stock is known as aDA. Sole proprietorship 個體獨資公司 B. Single proprietorshipC. Partnership 合伙公司 D. Corporation 股份有限公司名詞解釋 （10 分）(1)Journal entry:日記賬 Journal entry is a logging of transactions intoaccounting journal items. It

27、can consist of several items, each of which iseither a debit or a credit. The total of the debits must equal the total of thecredits or the journal entry is said to be unbalanced. Journal entries canrecord unique items or recurring items such as depreciation or bondamortization.(2)Going concern :持續(xù)經(jīng)

28、營 The company will continue to operate in thenear future, unless substantial evidence to the contrary exists.Matchi ng prin ciple :一致性原則Working capital:營運資金(5) Revenue expenditure 收入費用二、 會計業(yè)務(共 35 分)1. On December 1, ME Company borrowed $250 000 from a bank, andpromise to repay that amount plus 12%

29、interest (per year) at the end of 6months.(1) Prepare the general journal entry to record obtaining the loan from thebank on December 1.(2) Prepare the adjusting journal entry to record accrual of the interestpayable on the loan on December 31.(3) Prepare the presentation of the liability to the ban

30、k on MEsDecember balance sheet.Answer:(1) Debit: cash $250000Credit: current liabilities $250000(2) Debit: Accrual Expense $5000 不確定Credit: Interest Payable $5000(3) P392. The following information relating to the bank checking account isavailable for Music Hall at July 31:Balance per bank statement

31、 at July 31$20 0000Balance per depositor s records18 860Outstanding checks2 000Deposits in transit800Service charge by bank 60Prepare a bank reconciliationf 艮行對賬工作 fro Music Hall at July 31.Answer:P423. Please prepare the related entries according to the followingaccounting events.1) Assume the Heal

32、y Furniture has credit sale of $1,200,000 in 2002. Ofthis amount, $200,000 remains uncollected at December 31. The creditmanager estimates that $12,000 of these sales will be uncollectible. Pleaseprepare the adjusting entry to record the estimated uncollectible.2) On March 1, 2003 the manager of fin

33、ance of Healy Furniture authorizesa write-off of the $500 balance owed by Nick Company. Please make theentry to record the write-off.3) On July 1, Nick Company paid the $500 amount that had been written offon March 1. Answer:(1) Debit: Un collectible Accou nts Expe nse 壞賬損失 $12000Credit: Allowance f

34、or Doubtful Accounts 壞賬準備 $12000(2) Debit: Allowance for Doubtful Accounts $500Credit: Accounts Receivable $500(3) Debit: Accounts Receivable $500Credit: Allowance for Doubtful Accounts $500 Debit: Cash $500Credit: Accounts Receivable $500四、英譯漢 （40 分）(1) Accounting principles are not like physical l

35、aws; they do not exist innature, awaiting discovery man. Rather, they are developed by man, in lightof what we consider to be the most important objectives of financialreporting. In many ways generally accepted accounting principles aresimilar to the rules established for an organized sport such as

36、football orbasketball. 會計準則不像自然法則那樣天生就存在等待人類去探索。會計準則需 要人類在財務報告最重要目標的指引下去不斷發(fā)展。 很多時候我們認為會計準則就像一場組織運動的規(guī)則(例如足球或籃球的規(guī)則)(2) Accounting have devised procedures whereby the flows of cash receiptsand payments are spread over a period of time in a certain way to deriveincome, which is representative of the economic perf