会计专业英语期末考试练习卷(new)

会计专业英语期末考试练习卷(new)

1. The economic resources of a business are called: B

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: D

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 A. Face value.账面价值

2

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 receipts 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? D 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

3

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 classification of plant and equipment? D A. Intangible B. Unlimited life

C. Being sold in its useful life

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

4

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? D 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 D

A. Help their analysis of financial statements B. Help

their

understanding

of

financial

statements

5