1、中国地质大学（北京）继续教育学院 2015年 11课程考试第 1页（共 10页） 会计专业英语模拟题（补）1Complete the translation between Chinese and English: （1）salvage value（2）depreciation（3）ratio analysis（4）所有者权益（5）fiscal year（6）uncollectible accounts（7）double entry system（8）petty cash（9）流动资产（10）gross profit（11）first in first out（12）资产负债表（13）comm
2、on-size analysis（14）corporations（15）经济业务（16）short-term debt-paying ability2Label the following accounts as asset (A), liability (L), owners equity (OE), revenues (R) or expense (E) （1）Office Supplies（2）Professional Fees（3）Prepaid Insurance（4）Salary expense（5）Accounts Payable（6）Service Income（7）R. L.
3、 Osborn, Capital（8）Rent Expense（9）Accounts Receivable（10）Notes payable3. Answer the question related to the topic of the conversation Why Isnt The Accounting A Mirror of What Happened?John: Leanne, can you explain whats going on here with these monthly statements?Leanne: Sure, John. How can I help y
4、ou?John: I dont understand this lastin, firstout inventory procedure. It just doesnt make sense.Leanne: Well, what it means is that we assume that the last goods we receive are the first ones sold. So the inventory is made up of the items we purchased first. John: Yes, but thats my problem. It doesn
5、t work that way! We always distribute the oldest produce first. Some of that produce is perishable! We cant keep any of it very long or itll spoil.Leanne: John, you dont understand. We only assume that the products we distribute are the last ones received. We dont actually have to distribute the goo
6、ds in this way.John: I always thought that accounting was supposed to show what really happened. It all sounds like “make believe” to me! Why not report what really happens?Question:中国地质大学（北京）继续教育学院 2015年 11课程考试第 2页（共 10页） How would you respond to John if you were Leanne?4. Casey Electronics ending
7、inventory consists of 182 Model M43 CD players acquired through various purchases, as follows:Specific Purchase Number of Units Cost per Unit Total CostBeginning inventory 34 $270 $9180First purchase 60 282 16,920Second purchase 256 298 76,288Third purchase 164 312 51,168Total units available 514 $1
8、53,556Of the 514 units available for sale, 182 units are still on hand and 332 have been sold.Under the periodic inventory system, If Casey Electronics chooses LIFO method, how should it calculate the cost of the 182 CD players on hand? 5. You are given the following balance sheet and income stateme
9、nt for 2002 and 2003: Table A Balance Sheet for 2002 and 2003(all values in thousands of dollars)2002 2003_AssetsCash 200 300 Marketable securities 300 200Receivables. 800 1,000Inventory 1,200 1,000 Fixed assets 3,300 3,700Total assets. 5,800 6,200 Liabilities and common equityAccounts payable 300 2
10、00 Notes payable 200 300 Other current liabilities 1,000 800 Long-term debt 1,000 1,200 Common equity . 3,300 3,700 Total liabilities and common equity 5,800 6,200 Table B Income Statement for 2003_Sales $1,000,000Operating and other costs - 700,000 EBIT . 300,000 Interest . - 100,000 Profits before
11、 taxes 200,000 Tax at 40% rate - 80,000Profits after taxes 120,000_中国地质大学（北京）继续教育学院 2015年 11课程考试第 3页（共 10页） Calculate the following ratios for 2002: (1) the current ratio(2) the debt to equity ratio(3) the quick ratio6Translate the followings into Chinese There are several specialized fields of acco
12、unting in practice. The two most common are financial accounting and management accounting. Other fields include cost accounting, environmental accounting, tax accounting, international accounting, not-for-profit accounting, and social accounting.7Choose the best answer from A, B, C, D to complete t
13、he sentence or to answer the question: （1）Which of these is (are) an example of an asset account? _.A. Service RevenueB. WithdrawalsC. SuppliesD. All of the above（2）Which of the following is not affected by the inventory valuation method used by a business? _.A. Amounts owed for income taxesB. Cost
14、of merchandise soldC. Amounts paid to acquire merchandiseD. Net income of the business（3）Aftin Co. performs services on account, when Aftin collects the account receivable_.A. assets increaseB. assets do not changeC. owners equity decreasesD. liabilities decrease8Casey Electronics ending inventory c
15、onsists of 182 Model M43 CD players acquired through various purchases, as follows:Specific Purchase Number of Units Cost per Unit Total CostBeginning inventory 34 $270 $9180First purchase 60 282 16,920Second purchase 256 298 76,288Third purchase 164 312 51,168Total units available 514 $153,556Of th
16、e 514 units available for sale, 182 units are still on hand and 332 have been sold.Under the periodic inventory system, If Casey Electronics chooses FIFO method, how should it calculate the cost of the 182 CD players on hand? 9On July 1, Cruz opened Cruz Auto Detail company . During July, the follow
17、ing transactions were completed:中国地质大学（北京）继续教育学院 2015年 11课程考试第 4页（共 10页） （1）Cruz invests $70,000 cash in her new business.（2）Buys equipment costing $43,000, paying cash.（3）Buys equipment costing $7,000 on credit from Williams Auto Supply.（4）Pays $2,000 to Williams Auto Supply, to be applied against
18、the firms liability of $7,000.（5）Buys buffer pads, cleaners, and waxes on account from Rossi and Company, $800.（6）Cash revenue received, $3,520.（7）Pays rent for the month, $900.（8）Pays for a one-year vehicle insurance policy, $360.（9）Receives bill for newspaper advertising from Valley News, $400.（10
19、）Cruz Auto Detail signed a contract with Costello Taxi to perform detailing work and then bills Costello Taxi $1,050 for services performed.（11）Pays $2,000 to Williams Auto Supply as part payment on account.（12）Receives and pays bill for utilities from Midwest Power, Inc., $160.（13）Pays Valley News
20、for advertising, $400 in full. (This bill has been previously recorded.)（14）Pays wages of part-time employees, $1,400.（15）Buys additional equipment costing $1,500 from Williams Auto Supply, paying $600 down with the remaining $900 on account.（16）Receives $850 from Costello Taxi to apply on account p
21、reviously billed.（17）Cash revenue received, $2,700.（18）Cruz withdraws cash for personal use, $3,000.Instructions（1）Record the transactions with “Dr.”and “Cr.”. （2）At the end of June Company needs make adjustment as follows:a. To record the cost of supplies used during July, $540.b. To record the ins
22、urance expired during July, $30.c. To record the depreciation for the month of July, $520.d. To record accrued waged owed at the end of July, $290.Prepare Adjusted Trail Balance on July 31. Cruz Auto Detail Adjusted Trail Balance July 31, 20-Account Name Debit CreditCash Account Received Supplies Pr
23、epaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Wages Payable LA Cruz Capital 中国地质大学（北京）继续教育学院 2015年 11课程考试第 5页（共 10页） LA Cruz Drawing Income from Servicing Wages Expense Rent Expense Advertising Expense Utilities Expense Supplies Expense Insurance Expense Depreciation
24、Expense, Equipment 10. On July 1, N. B. Edgar opened Coin-Op Laundry. Edgars accountant listed the following chart of accounts:Cash Supplies Prepaid Insurance EquipmentFurniture and Fixtures Accounts PayableN. B. Edgar, Capital N. B. Edgar, Drawing Laundry Revenue Wages Expense Rent Expense Utilitie
25、s Expense Miscellaneous ExpenseDuring July, the following transactions were completed:a. Edgar deposited $20,000 in a bank account in the name of the business.b. Bought tables and chairs for cash, $450c. Paid the rent for the current month, $705d. Bought washers and dryers from Eldon Equipment, $17,
26、400, paying $4,000 in cash and placing the balance on account.e. Bought laundry supplies on account from Borkal Distributors, $410.f. Sold services for cash, $862.g. Bought insurance for one year, $468.h. Paid on account to Eldon Equipment, a creditor, $550.i. Received and paid the electric bill, $1
27、18.j. Paid on account to Borkal Distributors, a creditor, $145.k. Sold services to customers for cash for the second half of the month, $881.l. Received and paid the bill for the business license, $45.m. Paid wages to an employee, $1,146.n. Edgar withdrew cash for personal use, $875.InstructionsReco
28、rd the transactions in the T accounts. Prepare an income statement as for July 31.中国地质大学（北京）继续教育学院 2015年 11课程考试第 6页（共 10页） 1Complete the translation between Chinese and English: （1）残值（2）折旧（3）比率分析法（4）owners equity（5）会计年度（6）坏账（7）复式记账（8）备用金（9）current assets（10）毛利（11）先进先出法（12）balance sheet（13）结构分析法（14）集
29、团公司（15）transaction（16）短期偿债能力2Label the following accounts as asset (A), liability (L), owners equity (OE), revenues (R) or expense (E) 1 2 3 4 5 6 7 8 9 10A R A E L R OE E A L3. Answer the question related to the topic of the conversation Answer in English the question related to the topic of the co
30、nversation In inventory accounting, we need compute the amounts of cost for good sold and ending inventory. However, the inventory of some firms is sufficiently similar that the firm cant feasibly use specific identification costs. So it must make some assumption to compute the cost of units sold an
31、d units remained in inventory, which is called cost flow assumptions, and one of them is LIFO. LIFO usually doesnt reflect physical floes, but firms use it since in a period of rising acquisition costs. LIFOs higher (than FIFO) cost-of-goods-sold figure reduces reported income and income taxes. 4. C
32、asey Electronics ending inventory consists of 182 Model M43 CD players acquired through various purchases, as follows: 34 Units(beginning inventory) $270 each = $9180. 60 Units(first purchase) $282 each = 16920. 88 Units(second purchase) $298 each = 26224182 Units $523245. You are given the followin
33、g balance sheet and income statement for 2002 and 2003(1) current ratio = current assets / current liabilities= 2,500 / 1,500 = 1.67中国地质大学（北京）继续教育学院 2015年 11课程考试第 7页（共 10页） (2) debt to equity ratio = total liabilities / total stockholders equity = 2,500/3,300 = 75.76%(3) quick ratio = (current asset
34、s inventories) / current liabilities= 1,300 / 1,500 = 0.866. Translate the followings into Chinese 在实务中，会计有不同的分类。最通常的是财务会计和管理会计。其他领域包括成本会计，环境会计，税务会计，国际会计，非盈利会计和社会会计。7Choose the best answer from A, B, C, D to complete the sentence or to answer the question: （1）C （2）C （3）B 8Casey Electronics ending in
35、ventory consists of 182 Model M43 CD players acquired through various purchases, as follows:164 Units $312 each = $51168. 18 Units $298 each = $5364 182 Units $565329On July 1, Cruz opened Cruz Auto Detail company . (1) Record the transactions with “Dr.”and “Cr.”. 1. Cash 70,000L.A. Cruz, Capital 70
36、,0002. Equipment 43,000Cash 43,0003. Equipment 7,000Accounts Payable 7,0004. Accounts Payable 2,000Cash 2,0005. Supplies 8,000Accounts Payable 8,0006. Cash 3,520Income from Service 3,5207. Rent Expense 900Cash 9008. Prepaid Insurance 360 Cash 3609. Advertising Expense 400Accounts Payable 40010. Acco
37、unts Receivable 1,050Income from Services 1,05011. Accounts Payable 2,000Cash 2,00012. Utilities Expense 160Cash 16013. Accounts Payable 400中国地质大学（北京）继续教育学院 2015年 11课程考试第 8页（共 10页） Cash 40014. Wages Expense 1,400Cash 1,40015. Equipment 1,500Cash 60016. Cash 850Accounts Receivable 85017. Cash 2,700In
38、come from Service 2,70018. L.A. Cruz, Drawing 3,000Cash 3,000(2)Prepare Adjusted Trail Balance on July 31. Cruz Auto Detail Adjusted Trail Balance July 31, 20-Account Name Debit CreditCash 23,250Account Received 200Supplies 260Prepaid Insurance 330Equipment 51,500Accumulated Depreciation Equipment 5
39、20Accounts Payable 4,700Wages Payable 290LA Cruz Capital 70,000LA Cruz Drawing 3,000Income from Servicing 7,270Wages Expense 1,690Rent Expense 900Advertising Expense 400Utilities Expense 160Supplies Expense 540Insurance Expense 30Depreciation Expense, Equipment 52082,780 82,78010. On July 1, N. B. E
40、dgar opened Coin-Op Laundry. Edgars accountant listed the following chart of accounts:Cash 中国地质大学（北京）继续教育学院 2015年 11课程考试第 9页（共 10页） a 2000f 862k 881Bal: 13241b 450c 705d 4,000g 468h 550i 118j 145l 45m 1146n 875 NB Capitala 20000Furniture Rent expense equipmentAnd Fixturesb 450c 705 d 17400 Accounts
41、payable laundry revenue prepaid insuranceh 550j 145d 13400 e 410 Bal:13115 f 862 g 468k 881Bal: 1743 Supplies utilities expense miscellaneous expenses e 410i 118 l 45 Wage expense NB drawingm 1146n 875 中国地质大学（北京）继续教育学院 2015年 11课程考试第 10页（共 10页） NB CompanyIncome statementFor month ended July 31Revenue:Laundry revenue $1743 Expenses:Wages expense $1146Rent expense 705Utilities expense 118 Miscellaneous expense 45Total Expenses 2014Net loss $271
