會(huì)計(jì)英語案例試題及答案

一、單項(xiàng)選擇題1.Theaccountingequationisexpressedas_.A.Assets=Liabilities+EquityB.Assets=Liabilities-EquityC.Assets+Liabilities=EquityD.Assets-Liabilities=Revenue答案：A2.Whichofthefollowingisacurrentasset?A.LandB.EquipmentC.AccountsReceivableD.BondsPayable答案：C3.Theprocessofrecordingbusinesstransactionsinthejournaliscalled_.A.PostingB.JournalizingC.AdjustingD.Closing答案：B4.Acompanypurchasedinventoryonaccount.Thistransactionwill_.A.IncreaseassetsandincreaseliabilitiesB.IncreaseassetsanddecreaseliabilitiesC.DecreaseassetsandincreaseliabilitiesD.Decreaseassetsanddecreaseliabilities答案：A5.Therevenuerecognitionprinciplestatesthatrevenueshouldberecognized_.A.WhencashisreceivedB.WhenthegoodsaresoldortheserviceisperformedC.AttheendoftheaccountingperiodD.Whenthecontractissigned答案：B6.Depreciationistheprocessof_.A.ValuinganassetatitsmarketvalueB.AllocatingthecostofanassetoveritsusefullifeC.IncreasingthevalueofanassetD.Recordingthedisposalofanasset答案：B7.Whichofthefollowingaccountshasanormalcreditbalance?A.CashB.AccountsReceivableC.SalesRevenueD.CostofGoodsSold答案：C8.Thetrialbalanceispreparedto_.A.ProvetheequalityofdebitsandcreditsB.CalculatenetincomeC.RecordadjustingentriesD.Preparefinancialstatements答案：A9.Theincomestatementreports_.A.Assets,liabilities,andequityB.Revenues,expenses,andnetincomeC.CashreceiptsandcashpaymentsD.Changesinequity答案：B10.Closingentriesaremadeto_.A.UpdatethebalanceoftheretainedearningsaccountB.TransferthebalancesoftemporaryaccountstotheretainedearningsaccountC.PreparetheaccountsforthenextaccountingperiodD.Alloftheabove答案：D二、多項(xiàng)選擇題1.Whichofthefollowingarefinancialstatements?A.BalanceSheetB.IncomeStatementC.StatementofCashFlowsD.StatementofStockholders'Equity答案：ABCD2.Theelementsoftheaccountingequationinclude_.A.AssetsB.LiabilitiesC.EquityD.RevenueandExpenses答案：ABCD3.Examplesofcurrentliabilitiesare_.A.AccountsPayableB.NotesPayable(duewithinoneyear)C.SalariesPayableD.BondsPayable答案：ABC4.Whichofthefollowingaretypesofadjustingentries?A.PrepaidexpensesadjustmentsB.UnearnedrevenueadjustmentsC.AccruedrevenueadjustmentsD.Accruedexpenseadjustments答案：ABCD5.Theinventorycostingmethodsinclude_.A.First-In,First-Out(FIFO)B.Last-In,First-Out(LIFO)C.WeightedAverageCostD.SpecificIdentification答案：ABCD6.Long-termassetsinclude_.A.Property,Plant,andEquipmentB.IntangibleAssetsC.Long-termInvestmentsD.Inventory答案：ABC7.Thecomponentsofstockholders'equitytypicallyinclude_.A.CommonStockB.RetainedEarningsC.TreasuryStockD.BondsPayable答案：ABC8.Whichofthefollowingtransactionsaffectthecashflowstatement?A.CashsalesB.PaymentofaccountspayableC.PurchaseofequipmentforcashD.Issuanceofcommonstockforcash答案：ABCD9.Thepurposesofinternalcontrolinclude_.A.ProtectingassetsB.EnsuringtheaccuracyoffinancialrecordsC.PromotingoperationalefficiencyD.Complyingwithlawsandregulations答案：ABCD10.Themethodsofanalyzingfinancialstatementsinclude_.A.HorizontalanalysisB.VerticalanalysisC.RatioanalysisD.Cost-volume-profitanalysis答案：ABC三、判斷題1.Theaccountingequationmustalwaysremaininbalance.(True/False)答案：True2.Adebitentryalwaysincreasesanaccountbalance.(True/False)答案：False3.Revenueaccountshaveanormaldebitbalance.(True/False)答案：False4.Adjustingentriesaremadeattheendoftheaccountingperiodtoupdateaccountsforaccrualsanddeferrals.(True/False)答案：True5.TheLIFOinventorycostingmethodresultsinahighercostofgoodssoldduringperiodsofrisingpricescomparedtoFIFO.(True/False)答案：True6.Depreciationexpenseisanon-cashexpense.(True/False)答案：True7.Thestatementofcashflowsshowsthesourcesandusesofcashduringaperiod.(True/False)答案：True8.Internalcontrolisonlyimportantforlargecompanies.(True/False)答案：False9.Thecurrentratiomeasuresacompany'slong-termsolvency.(True/False)答案：False10.Closingentriesaremadetozerooutthebalancesofpermanentaccounts.(True/False)答案：False四、簡(jiǎn)答題1.Explainthedifferencebetweenadebitandacreditinaccounting.Debitsandcreditsarethetwosidesofeveryaccountingentry.Debitsareusedtorecordincreasesinassetsandexpenses,anddecreasesinliabilities,equity,andrevenues.Credits,ontheotherhand,areusedtorecordincreasesinliabilities,equity,andrevenues,anddecreasesinassetsandexpenses.Thedouble-entryaccountingsystemensuresthatforeverydebit,thereisanequalandoppositecredit,maintainingthebalanceoftheaccountingequation.2.Whatarethestepsintheaccountingcycle?Theaccountingcycleconsistsofseveralsteps.First,analyzebusinesstransactions.Then,journalizethetransactionsinthegeneraljournal.Next,postthejournalentriestothegeneralledger.Afterthat,prepareanunadjustedtrialbalance.Then,makeadjustingentriesandprepareanadjustedtrialbalance.Next,preparefinancialstatements.Finally,makeclosingentriesandprepareapost-closingtrialbalance.3.Describethepurposeofthebalancesheet.Thebalancesheetprovidesasnapshotofacompany'sfinancialpositionataspecificpointintime.Itliststhecompany'sassets,whichareresourcesownedbythecompany.Liabilities,whicharethecompany'sobligations,arealsoshown.Thedifferencebetweenassetsandliabilitiesisthestockholders'equity.Ithelpsusers,suchasinvestorsandcreditors,toassessthecompany'ssolvencyandfinancialstrength.4.Howdoestheaccrualbasisofaccountingdifferfromthecashbasis?Underthecashbasisofaccounting,revenuesarerecognizedwhencashisreceived,andexpensesarerecognizedwhencashispaid.Incontrast,theaccrualbasisofaccountingrecognizesrevenueswhentheyareearned,regardlessofwhencashisreceived,andexpenseswhentheyareincurred,regardlessofwhencashispaid.Theaccrualbasisprovidesamoreaccuratepictureofacompany'sfinancialperformanceoveraperiod.五、討論題1.Discusstheimportanceofinternalcontrolinabusiness.Internalcontroliscrucialforabusiness.Itsafeguardsassetsfromtheft,fraud,andmisuse.Byensuringaccuratefinancialrecords,ithelpsinmakinginformeddecisions.Itpromotesoperationalefficiencybystreamliningprocesses.Forexample,propersegregationofdutiesreducestheriskoferrorsandfraud.Also,itensurescompliancewithlawsandregulations,protectingthecompanyfromlegalissues.Overall,astronginternalcontrolsystemenhancesthereliabilityoffinancialreportingandthecompany'scredibility.2.Analyzetheimpactofinventorycostingmethods(FIFO,LIFO,andweightedaverage)onfinancialstatementsduringperiodsofchangingprices.Duringperiodsofrisingprices,FIFOresultsinalowercostofgoodssold,higherinventoryvalues,andhighernetincome.Thisisbecausetheolder,lower-costinventoryissoldfirst.LIFO,ontheotherhand,leadstoahighercostofgoodssold,lowerinventoryvalues,andlowernetincomeasthenewer,higher-costinventoryissoldfirst.Theweightedaveragemethodsmoothsouttheeffectsofpricechanges.Thesedifferencesaffectnotonlytheincomestatementbutalsothebalancesheetandcanimpactacompany'sfinancialratiosandtaxliability.3.Explainhowtheincomestatement,balancesheet,andstatementofcashflowsareinterrelated.Theincomestatementshowsacompany'srevenuesandexpensesoveraperiod,resultinginnetincome.Netincomeisakeycomponentthataffectstheretainedearningsonthebalancesheet.Thebalancesheetprovidesthefinancialpositionataspecificpoint,withassets,liabilities,andequity.Thestatementofcashflowsshowsthecashinflow