期期末测试题
班级 姓名 学号 Ⅰ、Translate The Following Terms Into Chinese . 1. entity concept 主题概念 2.depreciation折旧
3. double entry system 4.inventories 5. stable monetary unit 6.opening balance 7.current asset 8.financial report 9.prepaid expense 10.internal control 11.cash flow statement 12.cash basis
13.tangible fixed asset 14.managerial accounting
15. current liability 16.internal control 17.sales return and allowance 18.financial position 19.balance sheet 20.direct write-off method
Translate The Following Sentences Into Chinese .
1. Accounting is often described as an information system. It is the system that measures business activities, processes into reports and communicates these findings to decision makers.
2. The primary users of financial information are investors and creditors. Secondary users include the public, government regulatory agencies, employees, customers, suppliers, industry groups, labor unions, other companies, and academic researchers.
3. There are two sources of assets. One is liabilities and the other is owner’s equity. Liabilities are obligations of an entity arising from past transactions or events, the settlement of which may result in the transfer or use of assets or services in the future.
资产有两个来源，一个是负债，另一个是所有者权益。负债是由过去的交易或事件产生的实体的义务，其结算可能导致未来资产或服务的转让或使用。
4. Accounting elements are basic classification of accounting practices. They are essential units to present the financial position and operating result of an entity. In China, we have six groups of accounting elements. They are assets, liabilities, owner’s equity, revenue, expense and profit (income). 会计要素是会计实践的基础分类。它们是保护财务状况和实体经营的重
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Ⅱ、要部分。在中国，我们有六个会计要素。它们是资产，负债，所有者权益，收入，费用和利润（收入）。
5. The general journal (or journal) is a book of original entry that links the debits and credits of individual transactions by providing a complete record of each transaction in one place, in chronological order.
普通日记账（或日记账）是一个链接这借方和个别交易的信用的一本原始条目，是按时间顺序，在一个地方提供一个完整的交易记录。 Ⅲ. Please find the best answers to the following questions. 1. Which of the following statement is false? a. The partnership form of business organization protects the personal
assets of the owner from creditors of the business b. A proprietorship has a single owner
c. Accounting is the information system that measures business activities,
processes that information into reports, and communicates the results to decision makers.
d. The FASB determines how accounting is practiced in the United States 2. The principle or concept that holds that an entity will remain in operation for
the foreseeable future is the a. going-concern concept
b. stable-monetary-unit concept c. reliability principle d. cost principle
3. Aftin Co. performs services on account when Aftin collects the account
receivable a. assets increase
b. assets do not change c. owner’s equity decreases d. liabilities decrease
4. An income statement reports . a. the assets, liabilities, and owner’s equity on a particular date b. the change in the owner’s capital during the period c. the cash receipt and cash payment during the period
d. the difference between revenues and expenses during the period
5. The following information about the assets and liabilities at the end of 20 x 1 and 20 x 2 is given below: 20 x 1 20 x 2 Assets $ 75,000 $ 90,000
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Liabilities 36,000 45,000 If net income was $ 1,500 and there were no withdrawals, how much did the owner invest?
a. $ 4,500 b. $ 6,000 c. $ 45,000 d. $ 43,000
6. Traylor Company paid $ 2850 on account. The effect of this transaction on the accounting equation is to . A. Decrease assets and decrease owner’s equity B. Increase liabilities and decrease owner’s equity C. Have no effect on total assets D. Decrease assets and decrease liabilities
7. The journal entry to record the collection of $ 890 from a customer on account is . A. Accounts Payable 890 Cash 890 B. Cash 890 Accounts Receivable 890 C. Cash 890 Account Payable 890 D. Cash 890 Service Revenue 890
8. The ending Cash account balance is $ 57600. During the period, cash receipts equal $ 124,300. If the cash payments during the period total $ 135,100, then the beginning Cash amount must have
A. $ 68,400 B. $ 46,800 C. $ 181,900
D. Cannot be determined from the information given
9. Use the following selected information for the Alecia Company to calculate the correct credit column total for a trial balance . Accounts receivable $ 7,200 Accounts payable 6,900 Building 179,400 Cash 15,800 Capital 64,000
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Insurance expense 6,500 Salary expense 56,100 Salary payable 3,600 Service revenue 190,500
A. $ 201,000 B $ 137,100 C $ 265,000 D $ 74,500 10. Which of the following statements is correct? . A. The chart of accounts is a list of all accounts with their balances B. The trial balance is a list of all accounts with their balances, divided as debit or credit C. The ledger is maintained in chart-of-accounts order D. Both B and C are correct
11. 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
12. A company performs service on account t, when it collects the accounts receivable ( )
A. assets increase B .assets don’t change C. owner’s equity decrease D. liabilities decrease
13. The economic resources of a business are called ( )
A. owner’s equity B. assets C. accounting equation D .liabilities
14. Which of the following financial statements shows the financial position of a business entity at a specified date?
A. balance sheet B. income statement C. statement of retained earnings D. cash flow statement 15. The purchase of office supplies on account will ( ) A. increase an asset and increase owner’s equity B. increase an asset and decrease another asset C. increase an asset and increase a liability D. increase an asset and decrease a liability
16.Which of the following items is not an element of the balance sheet? ( ) A. assets B. expenses C. liabilities D. owner’s equity
17. A transaction caused a$10000 decrease in both total assets and liabilities. This transaction could have been( )
A. purchase of a delivery truck for $10000 cash
B. an asset with a cost of $10000 was destroyed by fire C. repayment of a $10000 bank loan
D. collection of a $10000 account receivable
18. Transferring transaction data from the journal to the ledger is called ( )
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A. posting B. recording C. journalizing D. interpreting
19.For purpose of the cash flow statement ,the term cash includes cash on hand ,cash on deposit, and ( )
A. cash in banks B. paper money C. cash equivalents D. coins
20. The principle that holds that an entity will remain in operation for the foreseeable future is the ( )
A. going-concern concept B. stable-monetary-unit concept C. reliability principle D. cost principle
Ⅳ.Recording transactions in the general journal using the following accounts: Fixed Assets(固定资产), Cash(现金), Rent Expense(房租费用), Accounts Receivable(应收账款), Accounts Payable(应付账款), Sales(销售收入). 1. Sunrise Co. Ltd paid the rent for $ 8,000.
2. Sunrise Co. Ltd purchases a new computer for $ 2,000, not paid.
3. Sunrise Co. Ltd sells software for $ 30,000 and sends their customer an invoice. They allow their customer 30 days to pay them for this software (on account)
4. Sunrise Co. Ltd sells software and receives a check from the customer for $ 36,000 for the service provided.
5. Sunrise Co. Ltd designs a network system for a customer and receives a check for $ 40,000.
6. Sunrise Co. Ltd purchases $ 500 worth of office supplies on account.
7. Sunrise Co. Ltd pays the computer company $ 2,000 with a check for the computers that they bought.
8. Sunrise Co. Ltd receives a check from the customer who they billed $ 5,000 for services and allowed 30 days to pay.
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