1、诚毅10级 会计英语练习题专业英语习题一、单项选择题1. Which of the following are reported in the stockholders equity section of the balance sheet? ( )a. revenues and expenses b.dividends and retained earningsmon stock and dividends mon stock and retained earnings2. Current assets are presented in the balance sheet in order
2、of ( ) a. dollar amounts b,liquidity c.solvency d.the alphabet 3. Current liabilities include all of the following except ( )a. accrued wages payable b.advance received from customerc.current portion of long-term loan d.prepaid expenses 4. Credit terms of 2/10 n/30 indicate: ( ) a. a 2% discount if
3、10 items are purchasedb. no payment is required until the 31st day after the invoice datec. a 10% discount if 2 items are purchased.d. a 2% discount for amounts paid within 10 days of the invoice and the remaining balance due within 30 days5. Which statement regarding the inventory turnover ratio is
4、 Not True? ( ) a. The ratio measures the average rate of speed inventories move through and out of company.b. Inventory turnover=Average Inventory COGS c. Inventory turnover figures vary considerably from industry to industry.d. A low inventory turnover can result from an overextended inventory posi
5、tion or from inadequate sales volume.6. Which statement regarding the liabilities and owners equity section of balance sheet is False? ( )a. Payment of Dividend Payable eliminates both the assets and the owners equityb. Liabilities are debts or obligations that must be discharged in money or service
6、s in the futurec. Owners equity is a residual claim to the remaining assets after discharge of debts.d. Balance sheet of corporations should separate Capital Stock and Retained Earnings.7. What is the difference between the quick and current ratio? ( ) a. The quick ratio deals with the companys abil
7、ity to pay its liabilities whereas the current ratio does notb. The current ratio is a more stringent(严格的) test of liquidity than the quick ratio.c. The quick ratio excludes inventory, which the current ratio includes for calculation purposes.d. Management primarily uses the current ratio whereas in
8、vestors and analysts are the primary users of the quick ratio.8. What of the following is Not an example of apportionment of recorded costs? ( ) a. Depreciation of fixed assetsb. Reallocation of receipts in advance.c. Expiration of insurance premium.d. Consume of supplies.9. For its most recent year
9、, a corporation had beginning and ending accounts receivable balances of $50,000 and $60,000, respectively. The years sales on account were $800,000. What was the amount of cash received from customers during the year? ( )a. $790,000b. $820,000c. $810,000d. $800,00010. Sales revenue $200,000, beginn
10、ing inventory $30,000, inventory purchased $100,000 and inventory sold $90,000. It is true that ( ) a. goods available for sale (GAFS) equals $200,000b. gross profit equals $110,000c. ending inventory equals $30,000d. cost of goods sold (COGS) equals $40,00011. Users of financial information may be
11、classified as internal or external. Which following statement is true regarding financial information users? ( ) a. External users evaluate the performance of a companys management using management accounting reports.b. Financial accounting provides information to managers and external users, such a
12、s potential investors.c. Many laws require managerial accounting reports be reported to various levels of the government.d. Management accounting provides information to managers and external users, such as potential investors.12. What does the term net realizable value mean regarding Accounts Recei
13、vable? ( )a. Net realizable value is the balance in the Accounts Receivable account as of a given date.b. Net realizable value is what a companys Accounts Receivable accounts will bring if they are sold to a third party.c. Accounts Receivable less Allowance for Uncollectible Accounts will equal the
14、net realizable value of Accounts Receivabled. Net realizable value is the balance in the Allowance for Uncollectible Accounts as of a given date.13. Which of the following statements about a trail balance is incorrect? ( )a. Its primary purpose is to prove the mathematical equality of debits and cre
15、dits after postingb. It uncovers certain errors in the journalizing and posting c. It is useful in the preparation of financial statementsd. It proves that all transactions have been recorded. 14. In the closing process all of the revenues and expenses account balances are transferred to the ( )a. c
16、apital account b. income summary accountc. retained earnings account d. dividends account 15. The post-closing trial balance consists only of ( )a. Asset and liability accounts b. temporary accounts c. revenue and expense accounts d. permanent accounts16. Which of the following statements is True? (
17、 )a. The credit side of an account implies something favorable.b. For a given account, total debits must always equal total credits.c. Transactions are initially recorded in a ledger accountd. Journalizing means entering the economic effect of each transaction in a journal in chronological order und
18、er the double-entry system. 17. Financial statements can be prepared from ( )a. the trial balanceb. the adjusted trial balancec. the journald. the ledger18. Which of the following statements is False? ( )a. After a bank reconciliation has been completed, the company must make journal entries to adju
19、st for all outstanding checks.b. A bank reconciliation for the moth of September will begin with “balance per book” and “balance per bank statement” at September 30.c. A check that is outstanding for two consecutive months should be included in both months bank reconciliations. d. A credit memorandu
20、m on a bank statement indicates an addition to the bank balance.19. Voucher Register is ( )a. A record of vouchers that have been paidb. The journal that contains a record of each approved voucherc. A list of debtsd. A document that authorizes payment.20. Estimated bad debts as presented on the inco
21、me statement is ( )a. Allowance for uncollectible accountsb. Creditc. Uncollectible accounts expensed. Revenue21. The GAAP assets that an item should be included in a financial statement if its omission or misstatement would tend to mislead the users of financial statements is known as ( )a. the cos
22、t-benefit criterionb. the going concern conventionc. the materiality conventiond. reliability22. Accounts receivable, notes receivable, and interest receivable are all classified as _ on the balance sheet. ( )a. assetsb. liabilitiesc. owners equityd. receivables23. Which book or document is a list o
23、f all accounts and their balances? ( )a. the journalb. the trial balancec. the ledgerd. the chart of accounts二、多项选择题1. Three major fields of accounting activity are: ( ) a. social accounting b. private accountingc. public accountingd. governmental accounting2. The three forms of business organizatio
24、ns are: ( ) a. Corporationb. Enterprise.c. Single proprietorship d. Partnership3. Specialized fields of accounting include: ( ) a. cost accountingb. tax accountingc. governmental and not-for-profit accountingd. HR accountinge. international accounting4. The interested users of financial information
25、include: ( ) a. Banks and other creditorsb. Managersc. Stockholdersd. Investment advisorse. Governmental agencies5. Long-term assets can be further classified into: ( ) a. long-term investments b. fixed assetsc. intangible assets.d. capital stock6. The necessary data for preparing the balance sheet
26、and income statement are accumulated in major categories of ledger accounts including: ( ) a. assets accountsb. liabilities accounts c. owners equity accountsd. revenues accountse. expenses accounts7. Adjusting entries made to align revenue and expense with the appropriate periods consist of: ( ) a.
27、 Apportioning recorded cost to periods benefited.b. Apportioning recorded revenue to periods in which it is earnedc. Accruing unrecorded expensesd. Accruing unrecorded revenue e. Merchandise inventory adjustment8. Assume ending inventory is overstated because some inventory is accidentally counted t
28、wice. Which of the statements below regarding this situation is true? ( ) a. Net income for this accounting period will be overstated.b. COGS for this accounting period will be overstatedc. Net income in the next accounting period will be understated.d. Ending Retained Earnings in the next accountin
29、g period will be correct. 9. Which statement below regarding closing procedures is correct? ( ) a. Closing procedures only apply to temporary accounts. b. Closing the books means to prepare the accounts for next periods transactions.c. The closing process only applies to permanent accounts.d. Eventu
30、ally closing entries transfer temporary account balances to Retained Earnings.三、判断题1. The normal balance of an account appears on the side for recording increases ( )2. It is customary to include any amounts received from customers but has not yet earned as revenue in current liability. ( ) 3. Finan
31、cial position of an organization can best be determined by referring to the income statement. ( )4. Managerial accounting is governed by GAAP. ( ) 5. Current assets are presented in the order of liquidity or convertibility into cash; while current liabilities are listed in the order that they come d
32、ue. ( ) 6. Closing procedures only apply to permanent accounts. ( )7. Net income or net loss in the income statement is reflected in the owners equity section on the balance sheet at the end of the accounting period. ( ) 8. Retained earning represents exactly what the term implies: that portion of net income the company
