財務(wù)常用英語

1、RevisionExam Structure Question 1: Translate the following terms into English (15 Marks) 一到十課課后單詞 財務(wù)狀況 Financial Position 債權(quán)人 Creditor 資金 Fund 財務(wù)報告 Financial Report 管理會計 Management Accounting 財務(wù)會計 Financial Accounting 成本會計 Cost Accounting 資產(chǎn)負債表 Balance Sheet 收益表 Income Statement 資產(chǎn) Asset 負債 Liabilit

2、y 應(yīng)收賬款 Account Receivable 累計折舊 Accumulated Depreciation 無形資產(chǎn) Intangible Asset 商譽 Goodwill 留存收益 Retained Earnings 收入 Revenue 費用 Expense 銷貨成本 Cost of Goods Sold 折舊費 Depreciation Cost 營業(yè)費用 Operating Expense 分類賬 Ledger 借記 Debit 貸記 Credit 日記賬 Journal 賒賬條件 Credit Terms 運費預(yù)付 Freight Prepaid 貨到收運費 Freight C

3、ollect 目的地交貨 F.O.B Destination 發(fā)運地交貨 F.O.B Shipping Point 調(diào)整程序 Adjusting Procedure 試算平衡表 Trial Balance 應(yīng)計費用 Accrued Expense 財務(wù)年度 Fiscal Year 結(jié)賬程序 Closing Procedure 暫時性賬戶 Temporary Account 轉(zhuǎn)回分錄 Reversing EntryExam Structure Question 2: Translate the following paragraphs into Chinese. ( 30 Marks) 一到十課

4、課文Exam Structure One of the most important functions of accounting is to accumulate and report financial information that shows an organizations financial position and the results of its operations to its interested users. These users include managers, stockholders, banks and other creditors, govern

5、mental agencies, investment advisors, and the general public. Exam Structure Liabilities, or creditors equity, are the obligations, or debts, that the firm must pay in money or service at some time in the future. They therefore represent creditors claim on an organizations assets and are listed in t

6、he order that they come due. Current liabilities are those obligations that require to pay within the normal operating cycle or one year, whichever is longer, by the use of existing current assets or the creation of the other current liabilities. Exam Structure Question 3: Multiple choice questions

7、(15 Marks) 1. Which sequence correctly summarizes the accounting process? a. Journalize transactions, post to the accounts, prepare a trial balance b. Post to the accounts, journalize transactions, prepare a trial balance c. Prepare a trial balance, journalize transactions, post to the accounts d. J

8、ournalize transactions, prepare a trial balance, post to the accounts Answer: a 2. Suppose your business has cash of $50,000, receivables of $60,000, and furniture totaling $200,000. The store owes $80,000 on account and has a $100,000 note payable. How much is your equity? a. $20,000 b. $130,000 c.

9、 $180,000 d. $310,000 Answer: b 3. Your business purchased supplies of $1,000 on account. The journal entry to record this transaction is: a. Inventory 1,000 Accounts payable 1,000 b. Accounts payable 1,000 Supplies 1,000 c. Supplies 1,000 Accounts Payable 1,000 d. Supplies 1,000 Accounts Receivable

10、 1,000 Answer: cExam Structure Question 4: 20 Marks Prepare Income Statement and Balance sheet for X Company based on the Adjusted Trial Balance provided.Question 5 Bob Sample and other student investors opened the Campus Laundromat Inc. on September 1, 20X0. During the first month of operations the

11、 following transactions occurred.Question 6 Sept 1. Stockholders invested $20,000 cash in the business Sept 2. Paid $1,000 cash for store rent for the month of September. Sept 3. Purchased washers and dryers for $25, 000, paying $10,000 in cash and signing a $15,000, 6-month, 12% note payable. Sept

12、4. Paid $1,200 for one year accident insurance policy. Sept 10. Received bill from the Daily News for advertising the opening of the laundromat $200. Sept 20. Declared and paid a cash dividend to stockholders $700. Sept 30. determined that cash receipts for laundry fees for the month were $6,200.Que

13、stion 5 Instructions: Journalize the September transactions.Question 6 Green Thumb Lawn Care Inc. began operating on April 1. At April 30, the trial balance shows the following balances for selected accounts. Prepaid Insurance $3,600 Equipment 28,000 Notes Payable 20,000 Unearned Revenue 4,200 Servi

14、ce Revenue 1,800Question 6 Analysis reveals the following additional data. 1. prepaid insurance is the cost of a 2-year insurance policy, effective April 1. 2. Depreciation on the equipment is $500 per month 3. The note payable is dated April 1. It is a 6-month, 12% note. 4. Seven customers paid for

15、 the companys 6 months lawn service package of $600 beginning in April. These customers were serviced in April. 5. Lawn services provided other customer but not billed at April 30 totaled $1,500. Requirements Prepare the adjusting entries for the month of April . Show Computations.Question 7 (1). Jo

16、urnalize the preceding transactions for Z under the perpetual inventory system. Suppose Z Sales Co. engaged in the following transactions during June of the current year: June 18, Sold inventory for $2,000 on credit terms of 2/10,n/30 (cost, $1,180) June 22, Received returned goods from the customer of the June 18 Sale, $800 (cost, $480) June 28, Received cash in full settlement of the account from the customer who purchased inventory on June 18, less the return on June 22, and less the discountQuestion 7 (2). Journalize the following transactions for R, under the pe