财会专业英语期末试卷及答案
财会专业英语》期终试卷
the following into corresponding groups. (15 points) on hand
receivable to suppliers
4.Other receivables loans assets of production year profit 9. Capital reserve loans payables 12. Con-operating expenses expenses of sale 1
5. Accrued payroll
II. Please find the best answers to the following questions. (25 Points)
1.Aftin Co. performs services on account when Aftin collects the
account receivable
increase do not change
's equity decreases decrease
2.A balance sheet report .
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
3.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
Liabilities 36,000 45,000
how much the owner 'sequity at the end of 20 x 2 ?
A.$ 4,500
B.$ 6,000
C.$ 45,000
D.$ 43,000
4.Traylor Companyp aid $ 2,850 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
5.The entry to record the collection of $ 890 from a customer on account is .
A. Payable
Cr. Cash 890
890
B. 890
Cr. Accounts Receivable 890
C. 890
Cr. Account Payable 890
D. 890
Cr. Service Revenue 890
6.The ending Cash account balance is $ 57,600. 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 be determined from the information
given
https://www.wendangku.net/doc/3f9845291.html,e 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
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
8.ABC paid $500 for inventories in cash ,and purchased additional inventories on account for $700 in the month. At the end of the month,ABC paid $300 of the account is the balance in the inventoryies account?
A $ 500
B.$ 900
C.$ 1,200
D.$ 1,500
debit side of an account is used to record
C. increases or decreases,depending on the type of account
,began the year with total assets of $120,000,liabilities of
$70,000,and owner's equity of $50, the year ABC earned revenue of $110,000 and paid espenses of $30, also invensted an additional $20,000 in the business .how much is the owner ' s equity at the end of the year?
A.$150,000
B.$180,000
C.$190,000
D.$220,000
11．Which of the following is true? __ .
A.Owners' Equity - Assets = Liabilities
B.Assets –Owners' Equity = Liabilities
C.Assets + Liabilities = Owners ' Equity
D.Liabilities = Owners ' Equity + Assets
12．Which of these is an example of an liability __________ account?
_____________
A.Service Revenue
B. Cash
C. Accounts Receivable
D. Short-term loans
13．Which of the following is a correct statement of the rules of debit and credit? .
A.Debits increase assets and decrease liabilities
B.Debits increase assets and increase owners ' equity
C.Credits decrease assets and decrease liabilities
D. Credits increase assets and increase owners 'equity
14．If earnings haven 't been distributed as dividends, it should have
been retained in the company. The nameo f this portion of number listed in the balance sheet is .
A. paid-in capital
B. retained earnings
C. dividend
D. cash
15．Please select the components which should be deducted from the original value of plant assets when we compute their net value .
A. Merchandise inventory
B. Income tax payable
C. Accumulated depreciation
D. Retained earnings
16．Which of the following would not be included on a balance sheet?
A. Accounts receivable.
B. Accounts payable.
C. Sales.
D. Cash.
17. Remington provided the following information about its balance sheet:
Cash $ 100
Accounts
receivable
500
Short-term loans 1,000
Stockholders' equity 700
Accounts payable 200
Short-term loans 1,000