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1. The economic resources of a business are called:
A. Owner ’s Equity B. Assets
C. Accounting equation D. Liabilities
2. DTK Company has a $3500 accounts receivable from GRS Company. On January 20, GRS Company makes a partial payment of $2100 to DTK Company. The journal entry made on January 20
by DTK Company to record this transaction includes: A. A debit to the cash receivable account of $2100. B. A credit to the accounts receivable account of $2100. C. A debit to the cash account of $1400.
D. A debit to the accounts receivable account of $1400.
3. In general terms, financial assets appear in the balance sheet at: A. Face value. 账面价值 B. Current value. 现值 C. Market value. 市场价值 D. Estimated future sales value.
4. Each of the following measures strengthens internal control over cash rec except : D A. The use of a voucher system.
B. Preparation of a daily listing of all checks received through the mail. C. The deposit of cash receipts intact in the bank on a daily basis. D. The use of cash registers.
5. Which of the following items is the greatest in dollar amount? A. Beginning inventory B. Cost of goods sold.
C. Cost of goods available for sale D. Ending inventory
6.Why do companies prefer the LIFO inventory 后进先出法 method during a period of rising prices?
B
A. Higher reported income B. Lower income taxes C. Lower reported income D. Higher ending inventory
7. Which of the following characteristics would prevent an item from being included in the
D
eipts
A
D
B
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classification of plant and equipment? D A. Intangible B. Unlimited life
C. Being sold in its useful life
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D. Not capable of rendering benefits to the business in the future. 8. Which account is not a contra-asset account? B A. Depreciation Expense B. Accumulated Depletion C. Accumulated Depreciation D. Allowance for Doubtful Accounts
9. What are the two factors that make ownership of an interest in a general partnership particularly risky?A
A. Mutual agency and unlimited personal liability B. Limited life and unlimited personal liability. C. Limited life and mutual agency. D. Double taxation and mutual agency
10. Which of the following types of business owners do not take an active role in the daily management of the business? A. General partners
B. Limited liability partners C. Sole proprietors 个体经营者
D. Stockholders in a publicly owned corporation
11. Analysts can use the footnotes to the financial statements to A. Help their analysis of financial statements B. Help their understanding of financial statements C. Help their checking of financial statements. D. All of the above
12. The current liabilities are $30 000, the long-term liabilities are $50 000, and the total
assets are $240 000. What is the debt ratio? C
A. 0.125 B. 0.208 C. 0.333 D. 3.0
13. The horizontal analysis is used mainly to A A. Analyzing financial trends B. Evaluating financial structure C. Assessing the pat performances D. Measuring the term-paying ability
D
D
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14. Among the following ratios, which is used for long-term solvency analysis? 长期偿债能力分析 A
A. Current ratio 流动比率 B. Times-interest-earned ratio
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C. Operating cycle D. Book value per share
15. A profit-making business that is a separate legal
shares of stock is known as a D A. Sole proprietorship 个体独资公司 B. Single proprietorship C. Partnership合伙公司 D. Corporation 股份有限公司
一、 名词解释 (1分 )
0 (1) Journal entry journal items. It
：日记账
entity and
in which ownership is
divided
into
Journal entry is a logging of transactions into accounting
can consist of several items, each of which is either a debit or a credit. The total of the debits must
equal the total of
be \
the credits entries
or the journal can
entry
is said to
record unique items or recurring items such as depreciation or bond amortization.
(2) Going concern ：持续经营 The company will continue to operate in the near future, unless
substantial evidence to the contrary exists. (3Matching ：一致性原) principle 则 (4) Working capital ：营运资金 (5Revenue expenditure ：收入) 费用 二、
会计业务 （共 35 分）
1. On December 1, ME Company borrowed $250 000 from a bank, and promise to repay that amount plus 12% interest (per year) at the end of 6 months.
(1) Prepare the general journal entry to record obtaining the loan from the bank on December 1. (2) Prepare the adjusting journal entry to record accrual of the interest
payable on the loan on December 31.
(3) Prepare the presentation of the liability to the bank on ME ’s December balance sheet.
Answer:
(1) Debit: cash $250000
Credit: current liabilities $250000
Debit: Accrual Expense (2) $5000
不确定
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最新会计专业英语期末考试练习卷(new)
