1、廣東商學院會計學院雙學位班課堂練習試卷西方會計學練習試卷 專業(yè) 年級 班 姓名 學號 Part No.IIIIIIIVVTotal scoreScoreI. Select from the following list of key terms and fill in the appropriate blank to the left of each description. (Note: you can only select one correct key term for each of the following statements (1*20=20 points)A. Accoun

2、tingK. Weighted averageB. Financial AccountingL. Accelerated depreciation methodC. Fixed Asset M. Trial BalanceD. Matching rule N. FIFOE. Allowance methodO. Double-entry bookkeeping systemF. Bad debtsP. Accounts Receivable G. Bank reconciliationQ. Accounting periodH. Going-concernR. Outstanding chec

3、kI. Consistency principleS. Balance sheet J. Deposits in transitT. Accounting cycle_1. Method to assign cost to inventory where the cost of goods available for sale is divided by number of units available to get per unit cost that is multiplied by the units in inventory._2. The branch of accounting

4、concerned with the recording of transactions for a business and the periodic preparation of various reports._ 3. Method that produces larger depreciation charges in the early years of an assets life and smaller charges in its later years._4. Long-term asset or permanent assets._5. A list of account

5、titles in the ledger with respective debit and credit balance._ 6. All techniques used to achieve a proper matching of costs with revenues._7. Method to assign cost to inventory that assumes items are sold in the order acquired; earliest items purchased are the first sold._8 Procedure that: estimate

6、s and matches bad debts expense with its sales for the period; reports accounts receivable at estimated realizable value._9. It is means that the amounts of debit and credit entries must be equal when accounts record every business transactions._10. Accounts of customers who do not pay what they hav

7、e promised to pay; an expense of selling on credit._11. Amounts due from customers for credit sales._12. Report that explains the difference between the book value of cash and the balance reported on the bank statement._13. The time periods of equal length during a businesss life._14. The concept as

8、sumes that the entity will remain in operation for the foreseeable future._15. Checks written and recorded by the depositor but not yet paid by the bank at the bank statement date._16. This principle states that a company should use the same accounting methods period after period so that the financi

9、al statement of prior periods are comparable._17. This statement shows the financial position of a business entity at a specific date, which is a listing of an organizations assets, liabilities and owners; equity on a given date._18. Deposits recorded by the company but not yet by its bank._19. The

10、sequence of the principal accounting procedures._20. Which is often called language of business.II. Choose one correct answer for each of the following questions. (1*10=10points)1、Which isnt included on a balance sheet_?A. Accounts Receivable B. Note Payable C. Sales D. Cash2、Corporations _are accum

11、ulated separately from its paid-in equity capital.A. Retained earnings B. paid-in capital C. treasury stock D. the others.3、If the amount of current assets is 840,000.00, and the amount of current liabilities is 420,000.00, so the current ratio s _?A. 1.5 B. 2 C.0.5 D.44、The machine cost $10,000 and

12、 was estimated to have a useful life of 4 years, then it could be sold for $1000, so the depreciation expense for each year of the machines useful life under straight-line is _?A. 2250 B. 2500 C.2600 D.27005、Which isnt included fixed asset?A. Land B. Building C. Equipment D. Rent6、Which form of busi

13、ness is owned by stockholders but managed by a board of directors?A. Corporation B. Single ProprietorshipC. Partnership D. Not of all7、Which of the following would be included on income statement?A. Cash B. Accounts Payable C. Expense D. Note payable8. The differences between assets and liabilities

14、are _A. current liabilities B. owners equity C. assets9、Return of inventories purchased on credit should be recorded on._?A. General journal B. special journal C, sales journal D, Purchase journal 10. as accumulated depreciation increases, carrying value will_?A. Decrease B. Increase C. Unchanged D.

15、 ZeroIII. Choose more than two correct answers for each of the following questions. (1.5*10=15 points)1. Big four assumption of accounting are _?A. Accounting entity B. Going-concern C. Accounting period D. Money measurement2. The reasons for the difference between the balance of the bank statement

16、and book of the enterprise _?A. Error B. Outstanding check C. Deposit in transit D. additions for collections and interest.3. There are three parties to the check, what are they?A. The drawer B. The drawee C, the payee D, the bank 4. The basic statement includes _?A. Balance sheet B. worksheet C. in

17、come statement D. cash flow statement5. _consists of an account?A. Account title B. debit side C. Credit side D. the others 6. _is referred to nominal account?A. revenue account B. expense account C, assets account D. Liabilities account 7. A statement of cash flows classifies cash receipts and paym

18、ents as according to whether they stem from _activities.A. Operating B. investing C. financing D. sales8. _ is referred to real account?A. assets account B. liabilities account C. owners equity account D. revenue account 9. What are the two methods to account for uncollectible accounts?A. Direct wri

19、te-off method B. Allowance method C. LIFO D. FIFO10. What are the four methods used to assign costs to inventory and cost of goods sold?A. FIFO B. LIFO C. weighted average D. specific identification. True False. (20*1=20) (Circle T if the statement is true, F if not)1、 If prices of goods purchased r

20、emain unchanged, then all four-methods of assigning costs to goods in the ending inventory would yield the same cost figures.2、 The book value of an asset will change with the passage of time.3、 An overstatement of ending inventory will cause an understatement of net income.4、 Accelerated depreciati

21、on methods increase taxable income in the early years of an assets life.5、 Cost is the basis for recording the acquisition of a fixed asset. 6、 Withdrawals by the owner of a single proprietorship reduce both the assets and the liabilities.7、 Declaration of dividends will reduce the retained earnings

22、 of a company and increase the liabilities.8、 Collection of an account receivable would affect asset of a company, but total assets would not change.9、 Payment of account payable would reduce liabilities and owners equity of a company.10、 Business with credit customers must maintain a separate accou

23、nt for each customer.11、 At the time an adjusting entry to record estimated bad debts expense is made, the credit side of the entry is to Allowance for Doubtful Accounts.12、 For a given account, total debits must always equal total credits.13、 The Petty Cash account should be debited at the time it

24、is established.14、 The accounting cycle begins with the analysis and journalizing of transactions 15、 When special journals are used, the more the transactions that are involved, the greater the savings in posting time.16、 The cash basis of accounting often violates the matching rule.17、 Credit sale

25、s are recorded by increasing (debiting) Accounts Receivable.18、 The Income Summary account can be found in the statement of owners equity.19、 The owners withdrawals account is closed to income summary account.20、 The work sheet is published with the balance sheet and income statement, as supplementa

26、ry statement. Translation (5+5=10)1. The allowance method has two advantages over the direct write-off method: it charges expected bad debts expense to the period when it recognizes the related sales; it reports accounts receivable on the balance sheet at the estimated amount of cash to be collected

27、.2. 最重要的會計領域分別是財務會計、審計學、成本會計、管理會計、稅務會計、會計信息系統(tǒng)、預算會計、國際會計、非營利組織會計以及社會會計等等。 Accounting practice.(25) 1.(6)Accounts receivable of Magily Company on December 31, 2006, had a balance of $300 000.allowance for Bad Debts had a $4 200 debit balance. Sales in 2006 were $1 690 000 less sales discounts of $14 0

28、00. InstructionsGive the adjusting entry for estimated Bad Debt Expense under the following independent assumptions. 1. Of 2006 net sales, 1.5% will probably never be collected.2. Of outstanding accounts receivable, 3% are doubtful.3. An aging schedule shows that $11 000 of the outstanding accounts

29、receivable are doubtful.2.(8) The accounting department supplied the following data in recording the September 30 bank statement for Rytton, Inc.Closing cash balance per bank statement$15 496.91Closing cash balance per cash book14 692.71Deposits in transit2 615.23Bank service charge25.00Outstanding checks3 079.51Note collected by bank including $45 interest (Rytton not yet notified)1 045.00Error by bank-check drawn by Rytten Corp. was charged to Ryttons account617.08A sale and deposit of $1 729.00 was entered in the sales journal and cash receipts journal as $1