會計(jì)專業(yè)英語

1、精選優(yōu)質(zhì)文檔-傾情為你奉上一、 words and phrases專心-專注-專業(yè)1. 殘值 scrip value2. 分期付款 installment3. concern 企業(yè)4. reversing entry 轉(zhuǎn)回分錄5. 找零 change6. 報銷 turn over7. past due 過期8. inflation 通貨膨脹9. on account 賒賬10. miscellaneous expense 其他費(fèi)用11. charge 收費(fèi)12. 匯票 draft13. 權(quán)益 equity14. accrual basis 應(yīng)計(jì)制15. retained earnings 留存

2、收益16. trad-in 易新，以舊換新17. in transit 在途18. collection 托收款項(xiàng)19. 資產(chǎn) asset20. proceeds 現(xiàn)值21. 報銷 turn over22. dishonor 拒付23. utility expenses 水電費(fèi)24. outlay 花費(fèi)25. IOU 欠條26. Going-concern concept 持續(xù)經(jīng)營27. 運(yùn)費(fèi) freight二、 Multiple-choice question1.Which of the following does not describe accounting? ( C )A. Lang

3、uage of business B. Useful ofr decision making C. Is an end rathe than a means to an end. D.Used by business, government, nonprofit organizations, and individuals.2.An objective of financial reporting is to ( B )A. Assess the adequacy of internal control. B.Provide information useful for investor de

4、cisions. C.Evaluate management results compared with standards. D.Provide information on compliance with established procedures.3.Which of the following statements is(are) correct?( B )A.Accumulated depreciation represents a cash fund being accumulated for the replacement of plant assets.B.A company

5、 may use different depreciation methods in its financial statements and its income tax return.C.The cost of a machine includes the cost of repairing damage to the machine during the installation process.D.The use of an accelerated depreciation method causes an asset to wear out more quickly than doe

6、s use of the unit-of-product method.4. Which of the following is(are) correct about a companys balance sheet? ( B )A.It displays sources and uses of cash for the period.B.It is an expansion of the basic accounting equationC.It is not sometimes referred to as a statement of financial position. D.It i

7、s unnecessary if both an income statement and statement of cash flows are availabe.5.Objectives of financial reporting to external investors and creditors include preparing information about all of the following except. ( A )A.Information used to determine which products to poduce B.Information abou

8、t economic resources, claims to those resources, and changes in both resources and claims.C.Information that is useful in assessing the amount, timing, and uncertainty of future cash flows.D.Information that is useful in making ivestment and credit decisions.6.Each of the following measures strength

9、ens internal control over cash receipts except. ( C )A.The use of a petty cash fund. B.Preparation of a daily listing of all checks received through the mail. C.The use of cash registers. D.The deposit of cash receipts in the bank on a daily basis.7.The primary purpose for using an inventory flow as

10、sumption is to. ( A )A.Offset against revenue an appropriate cost of goods sold. B.Parallel the physical flow of units of merchandise. C.Minimize income taxes. D.Maximize the reported amount of net income.8.In general terms, financial assets appear in the balance sheet at. ( B )A.Current value B.Fac

11、e value C.Cost D.Estimated future sales value. 9.If the going-concem assumption is no longer valid for a company except. ( C )A.Land held as an ivestment would be valued at its liquidation value. B.All prepaid assets would be completely written off immediately.C.Total contributed capital and retaine

12、d earnings would remain unchanged. D.The allowance for uncollectible accounts would be eliminated.10.Which of the following explains the debit and credit rules relating to the recording of revenue and expenses?( C )A.Expenses appear on the left side of the balance sheet and are recorded by debits;re

13、venue appears on the right side of the balance sheet and is reoorded by credits.B. Expenses appear on the left side of the income statement and are recorded by debits; Revenue appears on the right side of the income statement and is recorded by credits. C.The effects of revenue and expenses on owner

14、s equity.D.The realization principle and the matching principle.11.Which of the following statements is(are) correct?( B )A.Accumulated depreciation represents a cash fund being accumulated for the replacement of plant assets.B.The cost of a machine do not includes the cost of repairing damage to th

15、e machine during the installation prcess.C.A company may use same depreciation methods in its finacial statements and its income tax return.D.The use of an accelerated depreciation method causes an asset to wear out more quickly than does use of the straight-line method.12.A set of financial stateme

16、nts ( B ) except.A.Is intended to assist users in evaluating the financial position, profitability, and future prospects of an entity.B.Is intended to assist the Intemal Revenue Service in detemining the amount of income taxes owed by a business organization. C.Includes notes disclosing information

17、necessary for the proper interpretation of the statements.D.Is intended to assist investors and creditors in making decisions inventory the allocation of economic resources.13.The primary purpose for using an inventory flow assumption is to. ( B )A.Parallel the physical flow of units of merchandise.

18、 B.Offset against revenue an appropriate cost of goods sold C.Minimize income taxes. D.Maximize the reported amount of net income.14.Indicate all correct answers. In the accounting cycle. ( D )A.Transactions are posted before they are journalized.B.A trial balance is prepared after journal entries h

19、avent been posted. C.The Retained Earnings account is not shown as an up-to-date figure in the trial balance. D.Joumal entries are posted to appropriate ledger accounts.15.According to text, Objectives of Financial Reporting by Business Enterprises. ( D )A.Extemal users have the ability to prescribe

20、 information they want. B.Information is always based on exact measures. C.Financial reporting is usually based on industries or the economy as a whole. D.Financial accounting does not directly measure the value of a business enterprise.16.Indicate all correct answers. Dividends except ( A )A.Decrea

21、se owners equity. B.Decrease net income C.Are recorded by debiting the Cash accountD.Are a business expense17.Which of the following practices contributes to efficient cash management? ( C )A.Never borrow money-maintain a cash balance sufficient to make all necessary payments.B.Record all cash recei

22、pts and cash payments at the end of the month when reconciling the bank statements.C.Prepare monthly forecasts of planned cash receipts, payments, and anticipated cash balances up to a year in advance. D.Pay each bill as soon as the invoice arrives.18.Which of the following would you expect to find

23、in a correctly prepared income statement? ( A )A.Revenues earned during the period. B.Cash balance at the end of the period. C.Contributions by the owner during the period. D.Expenses incurred during the next period to earn revenues.19.Which of the following are important factors in ensuring the int

24、egrity of accounting information? ( D )A.Institutional factors, such as standards for preparing information. B.Professional organizations, such as the American Institute of CPAs. C.Competence judgment and ethical behavior of individual accountants D.All of the above.三、 Practices11.On Jan.1, 2000, Ma

25、rk Co, acquired equipment to use in its operations. The equipment has an estimated useful life of 10 years and an estimated salvage value of $5,000. The depreciation applicable to this equipment was $40,000 for 2000, calculated under the sum-of the-years digits method. Required: Determine the acquis

26、ition cost of the equipment. ( C )A.$210,000 B.$250,000 C.$225.000 D.$200,0002. On Jan.2, 2002, Mark Co, acquired equipment to use in its operations. The equipment has an estimated useful life of 10 years and an estimated salvage value of $5,000. The depreciation applicable to this equipment was $24

27、,000 for 2004, calculated under the sum-of the-years digits method (4%). Required: Determine the acquisition cost of the equipment. ( C )A.$220,000 B.$250,000 C.$224.000 D.$200,0003. October 1, 2005, Coast Financial Ioaned Bart Corporation $3000,000, receiving in exchange a nine-month, 12 percent no

28、te receivable. Coast ends its fiscal year on December 31 and makes adjusting entries to accrue interest earned on all notes receivable. The interest earned on the note receivable from Bart Corporation during 2006 will amount to. ( A )A.$9,000 B.$18,000 C.$27.000 D.$36,000 Question: What is the recon

29、ciled balance? ( B )A.$4,187 B.$4,085 C.$4,090 D.$4,000Required: Choose the reconciled balance. ( D )A.$3,220 B.$3,250 C.$3,200 D.$3,225Required:Calculate the cost of goods available for sale(C)A.$475,000 B.$474,000 C.$470,000 D.$473,000Required: Calculate the cost of goods sold ( D )A.$225,000 B.$2

30、54,000 C.$250,000 D.$253,0008.At the end of the current year, the accounts receivable account has a debit balance of $60,000 and net sales for the year total $100,000. The allowance account before adjunstment has adebit balance of a $500, and uncollectible accounts expense is estimated at 1% of net

31、sales. Question: The entry for the above bad debts is ( A )A.Dr. Bad Debt Accts. $1,500 B.Dr. Bad Debt Accts. $500Cr. Allowance Doubtful Accts. $1,500 Cr. Allowance Doubtful Accts. $500C. Dr. Bad Debt Accts. $1,000 D. Dr. Bad Debt Accts. $1,500 Cr. Accts Rec. $1,000 Cr. Accts Rec. $1,5009.The balanc

32、e sheet items to The Oven Bakery(arranged in alphabetical order)were as follows at August 1,2005.(You are to compute the missing figure for retained earnings.)(4%)REQUIRED:Find Retained earnings at August 1 2005(D)A.$420,000 B.$44,000 C.$40,000 D.$48,000Practices2Sue began a public accounting practi

33、ce and completed these transactions during first month of the current year.Required: Choose the entries to record the following transactons.1.Invested $50,000 cash in a public accounting practice begun this day. ( A )A.Dr. Cash $50,000 B.Dr. Capital Stock $50,000 Cr. Capital Stock $50,000 Cr. Cash $

34、50,0002.Paid cash for three monts office rent in advance $900(B)A.Dr. Rent Exp. $900 B.Dr. Prepaid Rent $900 Cr. Cash $900 Cr. Cash $9003.Paid the premium on two insurance policies, $300. ( )A.Dr. Prepaid Insurance $300 B.Dr. Insurance Exp $300 Cr. Cash $300 Cr. Cash $3004.Completed accounting work

35、for Sun Bank on credit $1000. ( A )A.Dr. Accts Rec $1000 B.Dr. Cash $1000Cr.Accounting Revenue $1000 Cr.Accounting Revenue $10005.Paid the monthly utility bills of the accounting office $300 ( A )A.Dr Utility Exp $300 B.Dr office Exp $300Cr. Cash $300 Cr. Cash $300Linda began a public accounting pra

36、ctice and completed these transactons during first month of the current year.Required: Choose the entries to record the following transactons.6.Invested $20,000 cash in a public accounting practice begun this day. ( A )A.Dr Cash $20,00 B.Dr Capital Stock $20,000 Cr. Capital Stock $20,000 Cr. Cash $2

37、0,007.Paid cash for three months office rent in advance $1200.( B )A.Dr. Rent Exp $1200 B.Dr. Prepaid Rent $1200 Cr. Cash $1200 Cr. Cash $12008.Purchased offfice supplies $100 and office equipment $2,000 on credit. ( B )A.Dr. Office Equipment $2,000 B.Dr.Office Equipment $2,000Office Supplies $100 O

38、ffice Supplies $100Cr. Accts Rec. $2,100 Cr.Accts Pay. $2,1009.Completed accounting work for Jack Hall and collected $2000 cash therefore. ( B )A.Dr. Accts Rec $2000 B.Dr. Cash $2000Cr.Accounting Revenue $2000 Cr.Accounting Revenue $200010.Purchase additional office equipment on credit $2500.( A )A.

39、Dr.Office equipment $2500 B.Dr. Office equipment $2500 Cr.Accts Pay $2500 Cr.Accts Rec $2500四、 Translation:1)The mechanics of double-entry accounting are such that every transaction is recorded in the debit side of one or more accounts and in the credit side of one or more accounts with equal debits

40、 and credits. Such form of combination is called accounting entry. Where there are only two accounts affected. 2)the debit and credit amounts are equal. If more than two accounts are affceted, the total of the debit entries must equal the total of the credit entries. The double-entry accounting is u

41、sed by virtually every business organization, regardless of whether the companys accounting records are maintained manually or by computer.1.The mechanics of double-entry accounting.( B )A.會計(jì)兩次記賬的制度 B.復(fù)式記賬機(jī)制 C.會計(jì)的重復(fù)記賬體制2.the debit and credit amounts are equal. ( A )A.借方金額與貸方金額是相等的 B.借出金額與貸款金額是相等的 C.

42、借入金額與貸款金額是相等的Most accounting methods are based on the assumption that the business enterprise will have a long life. Experience indicates that.1)inspite of numerous business failures, companies have a fairly high continuance rate. Accountants do not believe that business firms will last indefinitely

43、, but they do expect them to last long enouthto 2)fulfill their objectives and commitments.3.in spite of numerous business failures, companies have a fairly high continuance rate. ( B )A.可惜有許多企業(yè)失敗,但公司仍有較高的持續(xù)經(jīng)營比率。B.盡管有許多企業(yè)倒閉,但公司仍有較高的持續(xù)經(jīng)營比率。 C.大中型商業(yè)的主要會計(jì)工作辦公被叫做統(tǒng)制賬。4.fulfill their objectives and commit

44、ments. ( C )A.他們充滿客觀困難與承諾責(zé)任。 B.完成他們的目的與提交審議。 C.實(shí)現(xiàn)與履行他們的目標(biāo)及義務(wù)。The accountants in a privat business, large or small, must record transactions and prepare periodic financial statements from accounting recrds. 1)The chidf accounting officer in a medium-sized or large business is usually called the controller, who manages the work of the accounting staff. As a part of the top management team, the controller 2)is charged with the task of running the business, setting its obj