英文會(huì)計(jì)書(shū)考試題及答案

一、單項(xiàng)選擇題1.Whichofthefollowingaccountsisaliabilityaccount?A.AccountsReceivableB.CashC.AccountsPayableD.Owner'sEquityAnswer:C2.Theaccountingequationisexpressedas:A.Assets=Liabilities-Owner'sEquityB.Assets=Liabilities+Owner'sEquityC.Liabilities=Assets+Owner'sEquityD.Owner'sEquity=Assets+LiabilitiesAnswer:B3.Whenacompanyreceivescashfromacustomerforservicestobeprovidedinthefuture,itrecords:A.AdebittoCashandacredittoServiceRevenueB.AdebittoCashandacredittoUnearnedRevenueC.AdebittoAccountsReceivableandacredittoServiceRevenueD.AdebittoAccountsReceivableandacredittoUnearnedRevenueAnswer:B4.Depreciationistheprocessof:A.ValuinganassetatitsfairmarketvalueB.WritingoffanassetoveritsusefullifeC.IncreasingthevalueofanassetD.RecordingthepurchasepriceofanassetAnswer:B5.Thenormalbalanceofanexpenseaccountis:A.DebitB.CreditC.EitherdebitorcreditD.NobalanceAnswer:A6.Whichofthefollowingisanexampleofanadjustingentry?A.DebitingCashandcreditingAccountsReceivableB.DebitingRentExpenseandcreditingPrepaidRentC.DebitingAccountsPayableandcreditingCashD.DebitingEquipmentandcreditingCashAnswer:B7.Theincomestatementreports:A.Assets,liabilities,andowner'sequityB.Revenues,expenses,andnetincomeC.CashreceiptsandcashpaymentsD.ThefinancialpositionofacompanyAnswer:B8.Atrialbalanceisusedto:A.ProvetheequalityofdebitsandcreditsB.PreparefinancialstatementsC.RecordtransactionsD.AnalyzebusinesstransactionsAnswer:A9.Thejournalentrytorecordthepurchaseofinventoryonaccountis:A.DebitInventoryandcreditCashB.DebitInventoryandcreditAccountsPayableC.DebitAccountsPayableandcreditInventoryD.DebitCostofGoodsSoldandcreditInventoryAnswer:B10.Whichfinancialstatementshowsthechangesinowner'sequityoveraperiodoftime?A.BalancesheetB.IncomestatementC.Statementofowner'sequityD.CashflowstatementAnswer:C二、多項(xiàng)選擇題1.Whichofthefollowingarecurrentassets?A.CashB.AccountsReceivableC.EquipmentD.InventoryAnswer:ABD2.Thefollowingaretypesofadjustingentries:A.PrepaidexpensesB.UnearnedrevenuesC.AccruedexpensesD.AccruedrevenuesAnswer:ABCD3.Whichofthefollowingaccountsareclosedattheendoftheaccountingperiod?A.RevenueaccountsB.ExpenseaccountsC.DividendaccountsD.AssetaccountsAnswer:ABC4.Thecomponentsoftheaccountingcycleinclude:A.AnalyzingtransactionsB.JournalizingtransactionsC.PostingtotheledgerD.PreparingfinancialstatementsAnswer:ABCD5.Acompany'sfinancialstatementstypicallyinclude:A.BalancesheetB.IncomestatementC.StatementofcashflowsD.StatementofretainedearningsAnswer:ABCD6.Whichofthefollowingstatementsaboutdebitsandcreditsarecorrect?A.DebitsincreaseassetaccountsB.CreditsincreaseliabilityaccountsC.DebitsincreaserevenueaccountsD.CreditsdecreaseexpenseaccountsAnswer:ABD7.Inventorycostingmethodsinclude:A.First-in,first-out(FIFO)B.Last-in,first-out(LIFO)C.WeightedaveragecostD.SpecificidentificationAnswer:ABCD8.Thefollowingareexamplesofnon-currentliabilities:A.Long-termloansB.BondspayableC.AccountspayableD.MortgagepayableAnswer:ABD9.Whichofthefollowingaffectthecalculationofnetincome?A.RevenuesB.ExpensesC.GainsD.LossesAnswer:ABCD10.Thepurposesofinternalcontrolinclude:A.ProtectingassetsB.EnsuringtheaccuracyofaccountingrecordsC.PromotingoperationalefficiencyD.ComplyingwithlawsandregulationsAnswer:ABCD三、判斷題1.Assetsareresourcesownedbyacompanythatareexpectedtoprovidefutureeconomicbenefits.(True)2.Adebitentryalwaysincreasesanaccountbalance.(False)3.Adjustingentriesaremadeatthebeginningoftheaccountingperiod.(False)4.Thebalancesheetreportsthefinancialperformanceofacompanyoveraperiodoftime.(False)5.Revenueisrecognizedwhencashisreceived,regardlessofwhentheservicesareprovided.(False)6.Depreciationexpenseisanexampleofanaccruedexpense.(False)7.Closingentriesareusedtotransferthebalancesoftemporaryaccountstotheowner'sequityaccount.(True)8.Theaccountingequationmustalwaysremaininbalance.(True)9.Accountspayableisanassetaccount.(False)10.Thestatementofcashflowsshowsthesourcesandusesofcashduringaperiod.(True)四、簡(jiǎn)答題1.Explaintheconceptoftheaccountingequationanditsimportance.TheaccountingequationisAssets=Liabilities+Owner'sEquity.Itisofgreatimportanceasitservesasthefoundationofdouble-entrybookkeeping.Everybusinesstransactionaffectsatleasttwoaccountsinawaythatkeepsthisequationinbalance.Thisensurestheaccuracyoffinancialrecords.Forexample,whenacompanyborrowsmoney(increasesliabilities),italsoincreasesitsassets(cash).Bymaintainingthebalanceoftheequation,accountantscanaccuratelyrecordandreportacompany'sfinancialposition.2.Whatareadjustingentriesandwhyaretheynecessary?Adjustingentriesaremadeattheendofanaccountingperiodtoupdateaccountsforitemsthathavebeenearnedorincurredbutnotyetrecorded.Theyarenecessarytoensurethatfinancialstatementsaccuratelyreflecttherevenuesearnedandexpensesincurredduringaspecificperiod.Forinstance,prepaidrentneedstobeadjustedovertimeastherentalperiodpasses.Withoutadjustingentries,revenuesandexpenseswouldbemisstated,leadingtoinaccuratefinancialstatements.3.Describethedifferencebetweenacurrentassetandanon-currentasset.Currentassetsareassetsthatareexpectedtobeconvertedintocash,sold,orconsumedwithinoneyearorthenormaloperatingcycleofthebusiness,whicheverislonger.Examplesincludecash,accountsreceivable,andinventory.Non-currentassets,ontheotherhand,arelong-termassetsthatarenotexpectedtobeconvertedintocashintheshortterm.Examplesareproperty,plant,andequipment,andintangibleassetslikepatents.Theirusefullivesextendbeyondoneyear.4.Whatisthepurposeoftheincomestatement?Theincomestatement'spurposeistoreportacompany'sfinancialperformanceoveraspecificperiod,usuallyamonth,quarter,oryear.Itshowsthecompany'srevenues,expenses,gains,andlosses.Bysubtractingtotalexpensesfromtotalrevenues,itcalculatesthenetincomeornetloss.Thisinformationhelpsstakeholders,suchasinvestorsandcreditors,toassessthecompany'sprofitabilityanditsabilitytogenerateearningsovertime.五、討論題1.Discusstheimpactofdifferentinventorycostingmethods(FIFO,LIFO,weightedaveragecost)onacompany'sfinancialstatements.FIFO(First-in,First-out)assumesthatthefirstgoodspurchasedarethefirstonessold.Inaperiodofrisingprices,FIFOresultsinalowercostofgoodssold,highergrossprofit,andhighernetincome.Endinginventoryisvaluedatthemostrecent(higher)costs.LIFO(Last-in,First-out)assumestheopposite.Inrisingprices,LIFOgivesahighercostofgoodssold,lowergrossprofit,andlowernetincome.Endinginventoryisvaluedatolder(lower)costs.Weightedaveragecostcalculatestheaveragecostofallunitsavailableforsale.Itsmoothsouttheeffectsofpricechanges,resultinginfinancialstatementfiguresthatarebetweenthoseofFIFOandLIFO.2.Explaintheimportanceofinternalcontrolinanaccountingsystemandgivesomeexamplesofinternalcontrolprocedures.Internalcontroliscrucialinanaccountingsystemasitprotectsacompany'sassetsfromtheft,fraud,andmisuse.Itensurestheaccuracyandreliabilityoffinancialrecords,whichisessentialfordecision-making.Examplesofinternalcontrolproceduresincludesegregationofduties,wheredifferentemployeesareresponsiblefordifferentpartsofatransaction,likethepersonreceivingcashisdifferentfromtheonerecordingit.Anotherexampleistheuseofpasswordsandrestrictedaccesstoaccountingsystemstopreventunauthorizedaccess.Regularaudits,bothinternalandexternal,arealsoimportantinternalcontrolmeasures.3.Howdofinancialstatementshelpdifferentstakeholdersinmakingdecisions?Forinvestors,financialstatementshelpinassessingthecompany'sprofitability,growthpotential,andfinancialhealth.Theycandecidewhethertobuy,hold,orsellsharesbasedontheinformationintheincomestatement,balancesheet,andstatementofcashflows.Creditorsusefinancialstatementstoevaluateacompany'sabilitytorepaydebts.Thebalancesheetshowsthecompany'sassetsandliabilities,whiletheincomestatementandcashflowstatementindicateitscash-generatingca