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1、财会专业英语期 终 试卷I.Put the following into corresponding groups. (15 points)1.Cash on hand 2.Notes receivable 3.Advances to suppliers 4. Other receivables 5.Short-term loans 6.Intangible assets7.Cost of production 8.Current year profit 9. Capital reserve 10.Long-term loans 11.Other payables 12. Con-operat
2、ing expenses 13.Financial expenses 14.Cost of sale 15. Accrued payroll AssetsLiabilitiesOwners equtiyCostProfit and lossII. Please find the best answers to the following questions. (25 Points)1. Aftin Co. performs services on account when Aftin collects the account receivable A.assets increase B.ass
3、ets do not changeC.owners equity decreases D.liabilities decrease2. A balance sheet report .A. the assets, liabilities, and owners equity on a particular dateB.the change in the owners capital during the periodC.the cash receipt and cash payment during the period D.the difference between revenues an
4、d expenses during the period3.The following information about the assets and liabilities at the end of 20 x 1 and 20 x 2 is given below:20 x 120 x 2 Assets$ 75,000$ 90,000Liabilities36,00045,000how much the ownersequity at the end of 20 x 2 ? A.$ 4,500 B.$ 6,000 C.$ 45,000 D.$ 43,0004.Traylor Compan
5、y paid $ 2,850 on account. The effect of this transaction on the accounting equation is to .A.Decrease assets and decrease owners equityB.Increase liabilities and decrease owners equityC.Have no effect on total assetsD.Decrease assets and decrease liabilities5.The entry to record the collection of $
6、 890 from a customer on account is .A.Dr.Accounts Payable 890 Cr. Cash890B.Dr.Cash890 Cr.Accounts Receivable 890C.Dr.Cash890 Cr.Account Payable890D.Dr.Cash890 Cr.Service Revenue8906.The ending Cash account balance is $ 57,600. During the period, cash receipts equal $ 124,300. If the cash payments du
7、ring the period total $ 135,100, then the beginning Cash amount must have A. $ 68,400 B.$ 46,800C. $ 181,900 D.annot be determined from the information given7.Use the following selected information for the Alecia Company to calculate the correct credit column total for a trial balance .Accounts rece
8、ivable$ 7,200Accounts payable$ 6,900Building$ 179,400Cash$ 15,800Capital$ 64,000Insurance expense$ 6,500Salary expense$ 56,100Salary payable$ 3,600Service revenue$ 190,500A. $ 201,000 B. $ 137,100C. $ 265,000D. $ 74,5008. ABC paid $500 for inventories in cash ,and purchased additional inventories on
9、 account for $700 in the month. At the end of the month,ABC paid $300 of the account is the balance in the inventoryies account? A $ 500B. $ 900C. $ 1,200D. $ 1,5009.The debit side of an account is used to record A.increases B.decreasesC. increases or decreases,depending on the type of accountD.decl
10、ine10.ABC ,began the year with total assets of $120,000,liabilities of $70,000,and owners equity of $50,g the year ABC earned revenue of $110,000 and paid espenses of $30, also invensted an additional $20,000 in the business .how much is the owners equity at the end of the year? A. $150,000 B.$180,0
11、00C.$190,000 D.$220,00011Which of the following is true? _.A.Owners Equity - Assets = LiabilitiesB.Assets Owners Equity = LiabilitiesC.Assets + Liabilities = Owners EquityD.Liabilities = Owners Equity + Assets12Which of these is an example of an liability account? _ _.A.Service Revenue B.CashC.Accou
12、nts Receivable D.Short-term loans13Which of the following is a correct statement of the rules of debit and credit? _.A. Debits increase assets and decrease liabilitiesB. Debits increase assets and increase owners equityC. Credits decrease assets and decrease liabilitiesD. Credits increase assets and
13、 increase owners equity14If earnings havent been distributed as dividends, it should have been retained in the company. The name of this portion of number listed in the balance sheet is _.A. paid-in capital B. retained earnings C. dividend D. cash15Please select the components which should be deduct
14、ed from the original value of plant assets when we compute their net value _.A. Merchandise inventory B. Income tax payableC. Accumulated depreciation D. Retained earnings16 Which of the following would not be included on a balance sheet?A. Accounts receivable. B. Accounts payable.C. Sales. D. Cash.
15、17. Remington provided the following information about its balance sheet:Cash $ 100Accounts receivable 500Stockholders equity 700Accounts payable 200Short-term loans 1,000Based on the information provided, how much are Remingtons liabilities?A. $200. B. $900. C. $1,200. D. $1,700.18. Gerald had begi
16、nning total stockholders equity of $160,000. During the year, total assets increased by $240,000 and total liabilities increased by $120,000. Geralds net income was $180,000. No additional investments were made; however, dividends did occur during the year. How much were the dividends?A. $20,000. B.
17、 $60,000. C. $140,000. D. $220,000.19.If the assets of a business are $162,600 and the liabilities are $86,000,how much is the owners equity?A.$76,600 B. $248,600. C. $147,000. D. $250,000.20.Aftin Co. purchases on account when Aftin pay the account payable A.assets increase B.assets do not changeC.
18、owners equity decreases D.liabilities decrease21.A income statement reports .A.the assets, liabilities, and owners equity on a particular dateB.the change in the owners capital during the periodC.the cash receipt and cash payment during the period D.the difference between revenues and expenses durin
19、g the period22.The following information about the assets and liabilities at the end of 20 x 1 and 20 x 2 is given below:20 x 120 x 2 Assets$ 75,000$ 90,000Liabilities36,00045,000 If net income in 20 x 2 was $ 1,500 and there were no withdrawals, how much did the owner invest? A.$ 4,500 B.$ 6,000C.$
20、 45,000 D.$ 43,00023.Traylor Company receive $ 2 850 on account. The effect of this transaction on the accounting equation is to .A.Decrease assets and decrease owners equityB.Increase liabilities and decrease owners equityC.Have no effect on total assetsD.Decrease assets and decrease liabilities24.
21、The entry to record the collection of $ 8000 from a customer on account is .A.Dr.Accounts Payable 8000Cr.Cash8000B.Dr.Cash8000Cr.Accounts Receivable 8000C.Dr.Cash8000Cr.Account Payable8000D.Dr.Cash8000Cr.Service Revenue800025.A list of a business entitys assests,liabilities,and owners equity on a gi
22、ven date is A.a balance sheet B.an income statementC.a statement of cash flow C. A retained earnings statementIII. Translate the following sentences into Chinese.(10 points)1. The accounting profession today is changing rapidly.2. Assets are what you lities are what you s Equty is whats left over .3
23、. The original voucher is obtained or filled in what business transactions took place.4. Normally an asset account will have a debit balance.5. The term “debit” is often abbreviated to “Dr.”IV. Prepare a convenient bank reconciliation form according to the following bank statement and depositors boo
24、k.(10 points)Bank StatementDateDescriptionMoney out Money InBalanceMay0144 000May02Salary30 000May10Check03420 000May18Interest Paid5 000May23Cash Withdrawal 15 000May31Sales38 00072 000Depositors RecordDateDescriptionMoney out Money InBalanceMay0144 000May02Salary30 000May10Check03420 000May18Check
25、 03546 000May23Cash Withdrawal 15 000May31Sales50 00043 000Bank Reconciliation Date Month ItemsAmonutItemsAmonutBalance per Bank StatementBalance per Depositors RecordAdd: Deposits not yet credited by bankLess: Outstanding checkAdd: Items credited by the bank,bet not yet entered on books.Less: Items
26、 charged by the bank,bet not yet entered on books.Adjusted BalanceAdjusted BalanceV. Put the correct answer into the blanks.(6points)1.The basic Accouting equation is: .2.The rule of debits and credits is: , .3. Using straight-line depreciation,Annual Dpreciation=( - )/ VI. Translate The Following T
27、erms Into Chinese . (10 points).1. surplus reserve 2.manufacturing machine3. Construction in progress worth5. promissory note 6. in other words7.profit distribution 8. storage room 9.principal plus interest 10. accounting statement VII. The following is transactions of ABC e make entries.(24 poins)1
28、. .ABC company was established on Jan.1,2010,when the owners,Mrs Smiths and his friends,invested $30,000 in cash,patent X,valuing $24,000 and equipment A,valuing $40,000 into the company.2. ABC sells merchandise to another customer and send the customer a $2,500 bill for the products they provide. T
29、hey allows the customer to pay these goods within 30 days.3. A customer buys $3,000 worth of goods from ABC ,and draws a promissory note from a lacal bank.4. ABC buys a machine for $20,000,and pays the bill in cash.5. ABC paid the telephone bill for $700 in cash.6. ABC paid $3,800 on the accounts pa
30、yable.7. ABC determine the month depreciation of the manufactory bulding for $5,000.8. ABC purchasese materials of $5,000 on account.9. ABC sells some goods to a client and receives a check from the customer for $ 2,000 for the goods provided.10.ABC issues a 9%-5， $100,000 bond at its face amount. T
31、he bond is dated January 1, 2010 and requires interest payments until the bond principal at the end of 5 years. (1) Entry to bonds issued;(2) Entry to record the accrual interest for each year;(3) 2014 the company repays the principal plus interest.财会专业英语期 末 试卷 答卷I.Put the following into correspondi
32、ng groups. (15 points)AssetsLiabilitiesOwners equtiyCostProfit and lossII. Please find the best answers to the following questions. (25 Points)12345678910111213141516171819202122232425III. Translate the following sentences into Chinese.(10 points)1.2.3.4.5.IV. （10points） Bank ReconciliationDate Mont
33、h ItemsAmonutItemsAmonutBalance per Bank StatementBalance per Depositors RecordAdd: Deposits not yet credited by bankLess: Outstanding checkAdd: Items credited by the bank,bet not yet entered on books.Less: Items charged by the bank,bet not yet entered on books.Adjusted BalanceAdjusted BalanceV. Put
34、 the correct answer into the blanks.(6points)1.The basic Accouting equation is: .2.The rule of debits and credits is: , .3. Using straight-line depreciation,Annual Dpreciation=( - )/ VI. Translate The Following Terms Into Chinese . (10 points).1. 2. 3. 4. 5. 6. 7. 8. 9. 10. VII. The following is tra
35、nsactions of ABC e make entries.(24 poins)财会专业英语答案I.Put the following into corresponding groups. (15 points)AssetsLiabilitiesOwners equtiyCostProfit and loss1、2、3、4、6、5、11、158、9、7、10、12、13、14II. Please find the best answers to the following questions. (25 Points)12345678910BACDBACCCA1112131415161718
36、1920BDABCCCDAD2122232425DACBAIII. Translate the following sentences into Chinese.(10 points)（略）IV. （10points） Bank ReconciliationDate 31 Month May ItemsAmonutItemsAmonutBalance per Bank Statement72 000Balance per Depositors Record43 000Add: Deposits not yet credited by bankLess: Outstanding check50
37、00046 000Add: Items credited by the bank,bet not yet entered on books.Less: Items charged by the bank,bet not yet entered on books.38 0005 000Adjusted Balance76 000Adjusted Balance76 000V. Put the correct answer into the blanks.(6points)1.Assets=Liabilities+Owners equity .2. Every debit must have a credit,all debits must equal all credits. ,3. Using straight-line depreciation,Annual Dpreciation=( Original Cost- Salvage Value) /Years of Service Life VI. Translate The Following Terms Into Chinese . (10 points).（略）VII. The following is transactions of ABC e make entries.(24 poins) （略）