會計(jì)英語期末總復(fù)習(xí)

1、會計(jì)英語單元題第一章Answer of these questions appears at the end of lesson cases.1. Which of the following statements is false?A.A. The partnership form of business organization protects the personal assets of the owners from creditors of the businessB. A proprietorship has a single ownerC. Accounting is the

2、information system that measures business activities, processes that information into reports, and communicates the results to decision makersD. The FASB determines how accounting is practiced in the United States2. The primary objective of financial reporting is C_.A. to present information in an e

3、thical mannerB. to provide information to the federal governmentC. to provide information useful for investment and lending decisionsD. to provide information useful to managers in making daily decisions3. The principle or concept that holds that an entity will remain in operation for the foreseeabl

4、e future is theA.A. going-concern conceptB. stable-monetary-unit conceptC. reliability principleD. cost principle4. Which of the following statements is true?_B.A. Revenues are assets because they represent economic benefitsB. Assets are economic resources that are expected to benefit future periods

5、C. The accounting equation can be stated as Assets +Liabilities =Owner' s EquitD. Liabilities are economic obligations to insiders5. Aftin Co. performed services on account. When Aftin collects the account receivable, B.A. assets increaseB. assets do not changeC. owner' s equity decreasesD.

6、liabilities decrease6. Which of the following trans actions would not affect ower' s equity?_A.A. Payment of an account payableB. Payment of salary expenseC. Service provided on accountD. Withdrawal of cash by owner7. An income statement reports_D.A. The assets, liabilities, and owner' s equ

7、uiltay ro dna ate p atticB. the change in the owner' s capital during the periodC. the cash receipts and cash payments during the periodD. the difference between revenues and expenses during the period8. If assets increase $80000 during the period and owner' s eq1u6it0y0 d0e creases $during

8、the period, liabilities must have_B.A. increasedB. increasedC. decreasedD. decreased$64000$96000$64000 $96000AssetsLiabilities20*1$750003600020*2$90000450009. The following information about the assets and liabilities at the end of 20*1 and 20*2 is given below:If net income was $15000 and there were

9、 no withdrawals, how much did the owner investA_.A. $ 4500B. $ 6000C. $ 45000D. $ 4350010. The amount of net income shown on the income statement also appears on the C_.A. statement of financial positionB. balance sheetC. statement of owner' s equityD. statement of cash flows1. Which of these is

10、 (are) an example of an asset account? _C_A. Service RevenueB. WithdrawalsC. SuppliesD. All of the above2. Traylor Company paid $ 2 850 on account. The effect of this transaction on the accounting equation is to _D_.A. Decrease assets and decrease owner' s equityB. Increase liabilities and decre

11、ase owner equity ' sC. Have no effect on total assetsD. Decrease assets and decrease liabilities3. Which of these statements is false? _A.A. Increase in assets and increase in revenues are recorded with a debitB. Increase in liabilities and increases in owner' se quity are recorded with a cr

12、editC. Increase in both assets and withdrawals are recorded with a debitD. Decreases in liabilities and increases in expenses are recorded with a debit4. Not Payable has a normal beginning balance of $ 30 000. During the period, new borrowings total $ 63 000 and the ending balance in Notes Payable i

13、s $ 41 000. Determine the payments on loans during the period. _B_.A. $ 74 000B. $ 52 000C. $ 134 000D. Cannot be determined from the information given5. Which of these statements is not correct? _C_.A. The account is a basic summary device used in accountingB. A business transaction is recorded fir

14、st in the journal and then posted to de ledgerC. The ledger is a chronological listing of all transactionsD. The debit entry is recorded first in a journal entry , then the credit entry6. Which of these accounts has a normal debit balance? _D_.A. Rent ExpenseB. WithdrawalsC. Service RevenueD. Both A

15、 and B have a normal debit balance7. The journal entry to record the collection of $ 890 from a customer on account is_B_.A. Accounts Payable890Cash 890B. Cash890Account Receivable890C. Cash890Accounts Payable890D. Cash890Service Revenue8908. The ending Cash account balance is $ 57 600. During the p

16、eriod, cash receipts equal $ 124 300. If the cash payments during the period total $ 135 100, then the beginning Cash amount must have _A.A. $ 68 400B. $ 46 800C. $ 181 900D. Cannot be determined from the information given9. Use the following selected information for the Alecia Company to calculate

17、the correct credit column total for a trial balance _C_.Accounts receivable$ 7 200Accounts payable6 900Building179 400Cash15 800Capital64 000Insurance expense6 500Salary expense56 100Salary payable Service revenue$ 201 000$ 137 100$ 265 000$ 74 5003 600190 500A.B.C.D.10. Which of the following state

18、ments is correct? A. B.C.D.D_.The chart of accounts is a list of all accounts with their balancesThe trial balance is a list of all accounts with their balances, divided as debit or creditThe ledger is maintained in chart-of-accounts orderBoth B and C are correct第三章.5.Cash-BasisWhen the servi

19、ce is performed When the customer is billed When receivedWhen receivedWhen should revenue be recorded under the accrual-basis and cash-basis of accounting? D_Accrual-BasisA. When receivedB. When the service is performedC. When the customer is billedD. When the service is performedDuring 20*4, Bustam

20、ante Co. incurred salary expense of $240,000.Begining and ending Salary Payable was $4,000 and $ 8,000 , respectively. In 20*4,Bustamante paid salaries of C_A. $ 248,000B. $ 240,000C. $ 236,000D. $244,000During 20*4, Bustamante received $ 600,000 for service revenue. Bustamante has not received $ 30

21、,000 for service already performed in 20*4, Bustamante also invested $ 20,000 into the business. Bustamante should report service revenue for 20*4 of D_A. $ 550,000B. $570,000C. $580,000D. $630,000Recording an expense when it is paid instead of when incurred is a violation of C_A. The matching princ

22、ipleB. The time period conceptC. The reliability conceptD. The revenue principleOn July 31, $3,600 is paid for a one-year insurance policy. On December 31,the adjusting entry for prepaid insurance would include C_A. a debit to Insurance Expense, $ 3,600B. a credit to Prepaid Insurance, $ 3,600C. a d

23、ebit to Insurance Expense, $ 1,500D. a credit to Prepaid Insurance, $ 1,5006. Failure to record an adjusting entry for an accrued expense , will result in thefollowing_B_LiabilitiesNet IncomeA.no effectunderstateB.understateoverstateC.overstateunderstateD.understateno effect7. An adjusting entry cou

24、ld contain all of the following except_B_A. a debit to Unearned RevenueB. a credit to CashC. a debit to Interest ReceivableD. a credit to Salary Payable8. The 20*3 income statement showed Rend Expense of $ 6,100. The related balance sheet account, Prepaid Rent, had a beginning balance of $ 1,400 and

25、 a ending balance of $ 1,200. The amount of cash paid for rent during 20*3 is (D )A. $ 6,100B. $ 1,200C. $ 6,300D. $ 5,900 Exhibit 3-2Lemon Car Rental Trial Balance December 31, 20x4AccountDebitCreditCash$7,450Prepaid insurance1,600Equipment19,000Accumulated depreciation$4,200Accounts payable5,000Le

26、mon , capital15,600Withdrawals6,000Rental revenue23,400Insurance expense7,000Salary expense4,000Repair expense3,150Total$48,200$48,200Adjusting entries include(1)Prepaid insurance used1,600(2)Depreciation1,3002,9009. Refer to Exhibit 3-2. The credit column of the adjusted trial balance should total

27、_C_A. $ 45,300B. $ 49,300C. $ 49,500D. $ 51,10010. Refer to Exhibit 3-2.Assume the net income is $ 8,000. The ending balance of Lemon, Capital should be _A_A. $ 17,600B. $ 15,600C $ 13,600D. $ 2,000第四章1. which of the following statements best describes the purpose of internal control _CA. To provide

28、 assurance that the entire business operates in accordance withmanagement ' spsla annnd policiesB To prevent fraudC. To ensure that expenses and cash outlays are held to a minimumD. To provide adequate subdivision of duties within the organizationThe Data Co. has asked you to assist in the prepa

29、ration of a bank reconciliation at the end of July. Answer questions 2-4 using the following code letters to indicate how the item described would be reported on the bank reconciliation.a. Add to the book balanceb. Add to the bank balancec. Deduct from the bank balanced. Deduct from the book balance

30、e. Dose not belong to the bank reconciliation2. Note and interest collected by the bank of the company ,$500(plus $25 interest).A_3. Deposit in transit ,$400_B_4. Check No.662 for which should have been written for $730 was incorrectly recorded by the bank as $370.C_.5 If a bank reconciliation inclu

31、de an NSF check for $45, the journal entry to record this reconciliation item would include _A_.A. credit to CashB. debit to CashC. credit to Accounts ReceivableD. no entry is required6. All of the following are controls over cash received in a store except C_.A. the clerk should have access to the

32、cash register tape to make corrections when necessaryB. the customer should be able to see the amounts entered into the registerC it should be a requirement that a receipt be given to the customerD. the cash drawer should open only when the sale clerk enters an amount on the keys7. Which of the foll

33、owing statements related to receivables is true ? _C_A. On the balance sheet , accounts receivable are usually reported as total accounts receivable plus the allowance for uncollectible accounts B A dishonored notes receivable should be shown as a current liabilityC. When a notes receivable is not p

34、aid at maturity, the principal plus any interest due should be charged back to the customer' s accounts receivableD When a customer overpays his accounts receivable ,the resulting balance should be properly shown among the long-term (noncurrent) assets on the balance sheet8. Cox Company began th

35、e month of July with a balance in Accounts Receivable of $51600.During July , Cox reported cash sales of $50000, credit sales on account of $228000, collections from customers on account , $201400 , and write-offs of $750.Uncollectibe-Account expense for July was estimated to be 1% of credit sales .

36、 The balance in Account Receivable on July 31 is _A.A. $ 77450B $ 75170C. $ 75920D $ 80550Exhibit 4-1Carrington Crop. reported the following selected data for 20*1Accounts receivable (1/1)35000Inventory (1/1)67000Accounts receivable(12/31)28000(12/31)Inventory68100Net sales310250Prepaid expenses300C

37、ash27500IiabilitiesCurrent973009. Refer to Exhibit 4- 1. Compute days ' sale rse icneivable ( 365 / net sales / average accounts receivable )._D_.A. 41 daysB. 11 daysC. 33 daysD. 37 days10. Refer to Exhibit 4-1. Compute the acid-test ratio _B.A. 0.31 B 0.57C. 0.13D. 0.27第五章1. The weighted averag

38、e for the year inventory cost flow methostd is applicable to which of the following inventory systems? _B.PeriodicPerpertualA.YesYesB.YesNoC.NoYesD.NoNo2. The LIFO inventory cost flow method may be applied to which of the followinginventory systems? _CPeriodicPerpertualA.NoNoB.NoYesC.YesYesD.YesNo3.

39、 Crow Company bagan a year and purchased merchandise as follows:40 units $ 17.0080 units $ 16.0080 units $ 16.5060 units $ 17.50100 units $ 18.00Jan.1 Beginning inventoryFeb.4 Purchased May.12 Purchased Aug.9 Purchased Nov.23 PurchasedThe company uses a periodic inventory system and the ending inven

40、tory consists of 60 units ,20 from each of the last three purchases. Determine the ending inventory assuming costs are assigned on a weighted-average basis. _DA. $1000.00C.$1040.00C.$1080.00D.$1022.004. A Company uses a periodic inventory system and made an error at the end of year I that caused its

41、 year I ending inventory to be understated by $ 5000.What effect does this error have on the company' s financial statements? _A_A.Net income is understated;assets are understatedB. Net income is understated;assets are overstatedC. Net income is overstated;assets are understatedD. Net income is

42、overstated;assets are overstated5. ABC Company estimates the cost of its physical on June 30,20*2 for use in an interim financial statement.The rate of markup on cost is 25%.The following account balances are available:Inventory,March 31,20*2Purchasesurchases returnsSales during the sec

43、ond quarter of 20*24000190000The estimate of the cost of the inventory on June 30 would be _C A.$80000B.$88000C.$89500D.$1845006. Which of the following factors would not be considered in the selection of LIFO as an inventory costing method? _C.A.Tax benbefitsB. MatchingC. Physical flowD. Improved c

44、ash flow7. Which of the following methods of inventory valuation is allowable at interim dates but not at year-eng? _BA.Weighted averageB. Estimated gross profit ratesC. Retail methodD. Specific identication8. Dart Company ' s accounting records indicated the following information: Inventory,1/

45、1/20*2$ 500000Purchases during 20*2 2500000 Sales during 20*23200000A physical inventory taken on December 31,20*2,resulted in an ending inventory of $ 575000.Dart 'grso ss profit on sales has remained constant at 25% in recent years.Dart suspects some inventory may have been taken by a new empl

46、oyee.At December 31,20*2,what is the estimated cost of missing inventory? _AA.$ 25000B. $ 100000C. $ 175000D. $ 2250009. Which of the following is not affected by the inventory valuation method used by a business? _CA.Amounts owed for income taxesB. Cost of merchandise soldC. Amounts paid to acquire

47、 merchandiseD. Net income of the business10. Under the retail inventory method,freight-in would be included in the calculation of the goods available for sale for which of the following? _CCostRetailA.NoNoB.NoYesC.YesNoD.YesYes會計(jì)英語業(yè)務(wù)題1. The following selected transactions were completed by Castell D

48、elivery Seevice duringNovember :(1) Received cash from owner as additional investment , $20 000(2) Paid advertising expense , $ 520(3) Purchased supplies of gas and oil for cash $ 780(4) Received cash from cash customers , $ 1 500(5) Charged customers for delivery services on account , $ 2 100(6) Pa

49、id creditors on account , $ 470(7) Paid rent for November , $ 1 000(8) Received cash from customers on account , $ 1 810(9) Paid cash to owner for personal use , $ 900(10) Determined by taking an inventory that $ 650 of supplies of gas and oil had been used during the monthIndicate the effect of eac

50、h transactions on the accounting equation by listing the numbers identifying the transactions , (1) through (10) ,in a vertical column , and inserting at the right of each number the appropriate letter from the following list :(a) Increase in one asset , decrease in another asset(b) Increase in an a

51、sset , increase in a liability(c) Increase in an asset , increase in capital(d) Decrease in an asset , decrease in a liability(e) Decrease in an asset , decrease in capital2. Prepare the following columnar form . Then enter the word debit or credit in each of the last three columns to indicate the a

52、ction necessary to increase the account , to indicate the action necessary to decrease the account , and to show the normal balance of the account .Kind of AccountIncreaseDecreaseNormal BalanceAssetLiabilityOwner's capitalOwner's withdrawalsRevenueExpense3. Ora Company' s two employees e

53、ach earn $ 90 per day for a four day week that begains on Monday and ends on Thursday . They were paid for the week ended Thursday , December 27 and both worked a full day on Monday , December 31 . January 1 of the next year was an unpaid holiday ,but the employees all worked on Wednesday and Thursd

54、ay , Journalize the year-end adjusting entry to record the accrued wages and the entry to pay the employees on January 3 .4. Botello Company began operations on January 1,202. During th×e next two years , the company completed a number of transactions involving credit sales, accounts receivable

55、 collections ,and bad debts. These transactions are summarized as follows :20×2a . Sold merchandise on credit for $54 500, terms n/60.b. Wrote off uncollectible accounts receivable in the amount of $850.c. Received cash of $45100 in payment of outstanding accounts receivable.d. In adjusting the accounts on December 31 , concluded that 2% of the outstanding accounts receivable would become