《財(cái)會(huì)專業(yè)英語》期末試卷及答案

《財(cái)會(huì)專業(yè)英語》期終試卷I.Putthefollowingintocorrespondinggroups.(15points)I.Cashonhand2.Notesreceivable3.Advancestosuppliers4.Otherreceivables5.Short-termloans6.Intangibleassets7.Costofproduction8.Currentyearprofit9.Capitalreserve10.Long-termloans11.Otherpayables12.Con-operatingexpenses13.Financialexpenses14.Costofsale15.AccruedpayrollAssetsLiabilitiesOwnersequtiyCostProfit andlossII.Pleasefindthebestanswerstothefollowingquestions.(25Points)AftinCo.performsservicesonaccountwhenAftincollectstheaccountreceivableA.assetsincreaseB.assetsdonotchangeC.owner'sequitydecreasesD.liabilitiesdecreaseAbalancesheetreport.theassets,liabilities,andowner'sequityonaparticulardatethechangeintheowner'scapitalduringtheperiodthecashreceiptandcashpaymentduringtheperiodthedifferencebetweenrevenuesandexpensesduringtheperiodThefollowinginformationabouttheassetsandliabilitiesattheendof20x1and20x2isgivenbelow:20x1 20x2Assets $75,000 $90,000Liabilities 36,000 45,000howmuchtheownersequityattheendof20x2?A.$4,500 B.$6,000 C.$45,000D.$43,000TraylorCompanypaid$2,850onaccount.Theeffectofthistransactionontheaccountingequationisto.DecreaseassetsanddecreaseownersequityIncreaseliabilitiesanddecreaseowner'sequityHavenoeffectontotalassetsDecreaseassetsanddecreaseliabilitiesTheentrytorecordthecollectionof$890fromacustomeronaccountis_ TOC\o"1-5"\h\zDr.AccountsPayable 890Cr.Cash 890Dr.Cash 890Cr.AccountsReceivable 890Dr.Cash 890Cr.AccountPayable 890Dr.Cash 890Cr.ServiceRevenue 890TheendingCashaccountbalanceis$57,600.Duringtheperiod,cashreceiptsequal$124,300.Ifthecashpaymentsduringtheperiodtotal$135,100,thenthebeginningCashamountmusthaveA.$68,400 B.$46,800C.$181,900 D.annotbedeterminedfromtheinformationgivenUsethefollowingselectedinformationfortheAleciaCompanytocalculatethecorrectcreditcolumntotalforatrialbalanceAccountsreceivable $7,200Accountspayable $6,900Building $179,400Cash $15,800Capital $64,000$6,500Insuranceexpense$6,500Salaryexpense $56,100Salarypayable $3,600Servicerevenue $190,500A.$201,000B.$137,100C.$265,000D.$74,500ABCpaid$500forinventoriesincash,andpurchasedadditionalinventoriesonaccountfor$700inthemonth.Attheendofthemonth,ABCpaid$300oftheaccountpayable.whatisthebalanceintheinventoryiesaccount?A$500$900$1,200$1,500.ThedebitsideofanaccountisusedtorecordA.increasesB.decreasesC.increasesordecreases,dependingonthetypeofaccountD.decline.ABC,begantheyearwithtotalassetsof$120,000,liabilitiesof$70,000,andowner'sequityof$50,000.duringtheyearABCearnedrevenueof$110,000andpaidespensesof$30,000.andalsoinvenstedanadditional$20,000inthebusiness.howmuchistheowner'sequityattheendoftheyear?A.$150,000 B.$180,000C.$190,000 D.$220,000.Whichofthefollowingistrue?.Owners’Equity-Assets=LiabilitiesAssets—Owners;Equity=LiabilitiesAssets+Liabilities=Owners’EquityLiabilities=Owners’Equity+AssetsWhichoftheseisanexampleofanliabilityaccount? A.ServiceRevenue B. CashC.AccountsReceivableD. Short-termloansWhichofthefollowingisacorrectstatementoftherulesofdebitandcredit? .DebitsincreaseassetsanddecreaseliabilitiesDebitsincreaseassetsandincreaseowners’equityCreditsdecreaseassetsanddecreaseliabilitiesCreditsincreaseassetsandincreaseowners’equityIfearningshaven’tbeendistributedasdividends,itshouldhavebeenretainedinthecompany.Thenameofthisportionofnumberlistedinthebalancesheetis .A.paid-incapitalB.retainedearningsC.dividendD.cashPleaseselectthecomponentswhichshouldbedeductedfromtheoriginalvalueofplantassetswhenwecomputetheirnetvalue .A.MerchandiseinventoryB.IncometaxpayableC.AccumulateddepreciationD.RetainedearningsWhichofthefollowingwouldnotbeincludedonabalancesheet?A.Accountsreceivable.B.Accountspayable.C.Sales. D. Cash.Remingtonprovidedthefollowinginformationaboutitsbalancesheet:TOC\o"1-5"\h\zCash $ 100Accountsreceivable 500Stockholders'equity 700Accountspayable 200Short-termloans 1,000Basedontheinformationprovided,howmuchareRemington'sliabilities?A.$200.B.$900.C.$1,200.D.$1,700.Geraldhadbeginningtotalstockholders'equityof$160,000.Duringtheyear,totalassetsincreasedby$240,000andtotalliabilitiesincreasedby$120,000.Gerald'snetincomewas$180,000.Noadditionalinvestmentsweremade;however,dividendsdidoccurduringtheyear.Howmuchwerethedividends?A.$20,000.B.$60,000.C.$140,000.D.$220,000.19.Iftheassetsofabusinessare$162,600andtheliabilitiesare$86,000,howmuchistheowner'sequity?A..$76,600B.$248,600.C.$147,000.D.$250,000..AftinCo.purchasesonaccountwhenAftinpaytheaccountpayable _A.assetsincrease B.assetsdonotchangeC.owner'sequitydecreasesD.liabilitiesdecrease.Aincomestatementreports.A.theassets,liabilities,andowner'sequityonaparticulardateB.thechangeintheowner'scapitalduringtheperiodthecashreceiptandcashpaymentduringtheperiodthedifferencebetweenrevenuesandexpensesduringtheperiod.Thefollowinginformationabouttheassetsandliabilitiesattheendof20x1and20x2isgivenbelow: 20x120x2Assets $75,000 $90,000Liabilities 36,000 45,000Ifnetincomein20x2was$1,500andtherewerenowithdrawals,howmuchdidtheownerinvest?

A.$4,500C.$45,000A.$4,500C.$45,000B.$6,000D.$43,000.TraylorCompanyreceive$2850onaccount.Theeffectofthistransactionontheaccountingequationisto.A.Decreaseassetsanddecreaseowner'sequityB.Increaseliabilitiesanddecreaseowner'sequityC.HavenoeffectontotalassetsD.Decreaseassetsanddecreaseliabilities.Theentrytorecordthecollectionof$8000fromacustomeronaccountis_ TOC\o"1-5"\h\zDr.AccountsPayable 8000Cr.Cash 8000Dr.Cash 8000Cr.AccountsReceivable 8000Dr.Cash 8000Cr.AccountPayable 8000Dr.Cash 8000Cr.ServiceRevenue 8000.Alistofabusinessentitysassests,liabilities,andowner sequityonagivendateisA.abalancesheetB.anincomestatementC.astatementofcashflowC.AretainedearningsstatementTranslatethefollowingsentencesintoChinese.(10points)Theaccountingprofessiontodayischangingrapidly.Assetsarewhatyouown.Liabilitiesarewhatyouowe.Owner 'sEqutyiswhat'sleftover.Theoriginalvoucherisobtainedorfilledinwhatbusinesstransactionstookplace.Normallyanassetaccountwillhaveadebitbalance.

Theterm“debit“isoftenabbreviatedto"Dr.”Prepareaconvenientbankreconciliationformaccordingtothefollowingbankstatementanddepositor'sbook.(10points)BankStatementDateDescriptionMoneyoutMoneyInBalanceMay0144000May02Salary30000May10Check03420000May18InterestPaid5000May23CashWithdrawal15000May31Sales3800072000Depositor'sRecordDateDescriptionMoneyoutMoneyInBalanceMay0144000May02Salary30000May10Check03420000May18Check03546000May23CashWithdrawal15000May31Sales5000043000BankReconciliationDateMonthItemsAmonutItemsAmonutBalance perBankStatementBalanceperDepositor'sRecordAddDepositsnotyetcreditedbybankLess:OutstandingcheckAddItemscreditedbythebank,betnotyetenteredonbooks.Less:Itemschargedbythebank,betnotyetenteredonbooks.AdjustedBalanceAdjustedBalancePutthecorrectanswerintotheblanks.(6points).ThebasicAccoutingequationis: .Theruleofdebitsandcreditsis:.Usingstraight-linedepreciation,AnnualDpreciation=(- )/ VI.TranslateTheFollowingTermsIntoChinese.(10points).1.surplusreserve 2.manufacturingmachine3.Cmissorynote 6.fitdistribution 8.storageroom.principalplusinterest10.accountingstatementVII.ThefollowingistransactionsofABCcompany.pleasemakeentries.(24poins).ABCcompanywasestablishedonJan.1,2010,whentheowners,MrsSmithsandhisfriends,invested$30,000incash,patentX,valuing$24,000andequipmentA,valuing$40,000intothecompany.ABCsellsmerchandisetoanothercustomerandsendthecustomera$2,500billfortheproductstheyprovide.Theyallowsthecustomertopaythesegoodswithin30days.Acustomerbuys$3,000worthofgoodsfromABC,anddrawsapromissorynotefromalacalbank.ABCbuysamachinefor$20,000,andpaysthebillincash.ABCpaidthetelephonebillfor$700incash.ABCpaid$3,800ontheaccountspayable.ABCdeterminethemonthdepreciationofthemanufactorybuldingfor$5,000.ABCpurchasesematerialsof$5,000onaccount.ABCsellssomegoodstoaclientandreceivesacheckfromthecustomerfor$2,000forthegoodsprovided.ABCissuesa9%-5,$100,000bondatitsfaceamount.ThebondisdatedJanuary1,2010andrequiresinterestpaymentsuntilthebondprincipalattheendof5years.Entrytobondsissued;Entrytorecordtheaccrualinterestforeachyear;2014thecompanyrepaystheprincipalplusinterest.《財(cái)會(huì)專業(yè)英語》期末試卷答卷I.Putthefollowingintocorrespondinggroups.(15points)AssetsLiabilitiesOwnersequtiyCostProfit andlossII.Pleasefindthebestanswerstothefollowingquestions.(25Points)12345678910

111213141516171819202122232425III.TranslatethefollowingsentencesintoChinese.(10points)(10points) BankReconciliationDateMonthItemsAmonutItemsAmonutBalanceperBankStatementBalanceperDepositor'sRecordAdd DepositsnotyetcreditedbybankLess:OutstandingcheckAddItemscreditedbythebank,betnotyetenteredonbooks.Less: Itemschargedbythebank,betnotyetenteredonbooks.AdjustedBalanceAdjustedBalancePutthecorrectanswerintotheblanks.(6points).ThebasicAccoutingequationis: .Theruleofdebitsandcreditsis:.Usingstraight-linedepreciation,AnnualDpreciation=( )/...10.ThefollowingistransactionsofABCcompany.pleasemakeentries.(24poins)《財(cái)會(huì)專業(yè)