會計英語期末考試試題及答案T字賬

一、單項選擇題（每題2分，共20分）1.Theaccountingequationisexpressedas（）A.Assets=Liabilities+Owner'sEquityB.Assets=Liabilities-Owner'sEquityC.Assets+Liabilities=Owner'sEquityD.Assets-Liabilities=Revenue答案：A2.Whichofthefollowingisacurrentasset?（）A.LandB.EquipmentC.AccountsReceivableD.BondsPayable答案：C3.Thenormalbalanceofanassetaccountis（）A.DebitB.CreditC.EitherdebitorcreditD.Noneoftheabove答案：A4.Thejournalentrytorecordthepurchaseofsuppliesonaccountincludes（）A.AdebittoSuppliesExpenseandacredittoCashB.AdebittoSuppliesandacredittoAccountsPayableC.AdebittoAccountsPayableandacredittoSuppliesD.AdebittoCashandacredittoSupplies答案：B5.Depreciationistheprocessof（）A.ValuinganassetatitsfairmarketvalueB.WritingdownanassettoitsscrapvalueC.AllocatingthecostofanassetoveritsusefullifeD.Increasingthevalueofanasset答案：C6.Theadjustingentryforaccruedsalariesattheendoftheperiodincludes（）A.AdebittoSalariesExpenseandacredittoSalariesPayableB.AdebittoSalariesPayableandacredittoSalariesExpenseC.AdebittoCashandacredittoSalariesExpenseD.AdebittoSalariesExpenseandacredittoCash答案：A7.Whichfinancialstatementshowsthefinancialpositionofacompanyataspecificpointintime?（）A.IncomeStatementB.StatementofCashFlowsC.BalanceSheetD.StatementofRetainedEarnings答案：C8.Revenueisrecognizedwhen（）A.CashisreceivedB.TheworkisperformedorthegoodsaredeliveredC.ThecustomerplacesanorderD.Theinvoiceissent答案：B9.Thetrialbalanceisusedto（）A.ProvetheequalityofdebitsandcreditsintheledgerB.PreparefinancialstatementsC.RecordtransactionsD.Analyzebusinesstransactions答案：A10.Closingentriesaremadetotransferthebalancesof（）accountstotheRetainedEarningsaccount.A.AssetandliabilityB.RevenueandexpenseC.AssetandrevenueD.Liabilityandexpense答案：B二、多項選擇題（每題2分，共20分）1.Whichofthefollowingarefinancialstatements?（）A.IncomeStatementB.BalanceSheetC.StatementofCashFlowsD.StatementofStockholders'Equity答案：ABCD2.Currentliabilitiesinclude（）A.AccountsPayableB.NotesPayable(duewithinoneyear)C.SalariesPayableD.BondsPayable答案：ABC3.Whichofthefollowingaccountshaveanormaldebitbalance?（）A.CashB.AccountsReceivableC.SuppliesExpenseD.Owner'sCapital答案：ABC4.Theaccountingcycleincludesthefollowingsteps（）A.AnalyzingtransactionsB.JournalizingtransactionsC.PostingtotheledgerD.Preparingfinancialstatements答案：ABCD5.Adjustingentriesaremadefor（）A.AccruedrevenuesB.AccruedexpensesC.PrepaidexpensesD.Unearnedrevenues答案：ABCD6.Whichofthefollowingareinventorycostingmethods?（）A.FIFO(First-In,First-Out)B.LIFO(Last-In,First-Out)C.WeightedAverageCostD.SpecificIdentification答案：ABCD7.Long-termassetsinclude（）A.LandB.BuildingsC.EquipmentD.Goodwill答案：ABCD8.Thestatementofcashflowsclassifiescashflowsintothefollowingcategories（）A.OperatingactivitiesB.InvestingactivitiesC.FinancingactivitiesD.Non-cashactivities答案：ABC9.Contra-assetaccountsinclude（）A.AccumulatedDepreciationB.AllowanceforDoubtfulAccountsC.DiscountonBondsPayableD.PremiumonBondsPayable答案：AB10.Whichofthefollowingaffectthecalculationofnetincome?（）A.RevenueB.ExpensesC.GainsD.Losses答案：ABCD三、判斷題（每題2分，共20分）1.Theaccountingequationmustalwaysremaininbalance.（）答案：√2.Adebitentryalwaysincreasesanaccountbalance.（）答案：×3.Prepaidexpensesareanexampleofaliabilityaccount.（）答案：×4.Adjustingentriesaremadeattheendofanaccountingperiod.（）答案：√5.Theincomestatementshowstheprofitabilityofacompanyoveraperiodoftime.（）答案：√6.Acompanywithahighcurrentratioisalwaysinagoodfinancialposition.（）答案：×7.Depreciationexpenseisanon-cashexpense.（）答案：√8.Closingentriesareusedtozerooutthebalancesofpermanentaccounts.（）答案：×9.Thestatementofcashflowsreportsonlycashtransactions.（）答案：√10.Inventoryisacurrentasset.（）答案：√四、簡答題（每題5分，共20分）1.Whatisthepurposeoftheaccountingequation?答案：Theaccountingequation(Assets=Liabilities+Owner'sEquity)servestomaintainthebalanceinaccountingrecords.Itensuresthateverytransactionisrecordedinawaythatkeepstheequationinbalance,providingabasisforaccuratefinancialreportingandunderstandingacompany'sfinancialposition.2.Explainthedifferencebetweenadebitandacreditinaccounting.答案：Inaccounting,adebitisanentryontheleftsideofanaccount.Debitsincreaseassetandexpenseaccountsanddecreaseliability,equity,andrevenueaccounts.Acreditisanentryontherightside.Creditsincreaseliability,equity,andrevenueaccountsanddecreaseassetandexpenseaccounts.3.Whatareadjustingentriesandwhyaretheynecessary?答案：Adjustingentriesaremadeattheendofanaccountingperiod.Theyarenecessarytoupdateaccountsforitemsnotyetrecorded,likeaccruedrevenues/expensesandprepaid/unearneditems.Thisensuresthatfinancialstatementsaccuratelyreflectacompany'sfinancialpositionandperformancefortheperiod.4.Brieflydescribethethreemainsectionsofthestatementofcashflows.答案：Thethreemainsectionsare:Operatingactivities,whichshowcashflowsfromcorebusinessoperations;Investingactivities,dealingwithcashflowsrelatedtobuyingandsellinglong-termassets;Financingactivities,involvingcashflowsfromactivitieslikeissuingstock,payingdividends,andborrowing/repayingdebt.五、討論題（每題5分，共20分）1.Discusstheimportanceofinventorycostingmethodsinfinancialreporting.答案：Inventorycostingmethods(FIFO,LIFO,weightedaverage,specificidentification)affectthecostofgoodssoldandendinginventoryvalues.Differentmethodscanleadtodifferentnetincomefiguresandfinancialpositions.Forexample,FIFOmayshowhigherinventoryvaluesinarisingpriceenvironment,influencingratiosandmanagementdecisions.2.Howdoesthechoiceofdepreciationmethodimpactacompany'sfinancialstatements?答案：Depreciationmethodslikestraight-line,decliningbalance,etc.,determinetheamountofdepreciationexpenserecognizedeachperiod.Astraight-linemethodprovidesaconstantexpense,whileanacceleratedmethod(likedecliningbalance)showshigherexpensesintheearlyyears.Thisimpactsnetincome,assetvalues,andfinancialratiosovertime.3.Whyisitimportantforacompanytohaveastronginternalcontrolsysteminaccounting?答案：