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1、财会专业英语期 终 试卷I.Put the following into corresponding groups. (15 points)1.Cash on hand 2.Notes receivable 3.Advances to suppliers 4. Other receivables 5.Short-term loans 6.Intangible assets7.Cost of production 8.Current year profit 9. Capital reserve 10.Long-term loans 11.Other payables 12. Con-operat
2、ing expenses 13.Financial expenses 14.Cost of sale 15. Accrued payroll AssetsLiabilitiesOwners equtiyCostProfit and lossII. Please find the best answers to the following questions. (25 Points)1. Aftin Co. performs services on account when Aftin collects the account receivable A.assets increase B.ass
3、ets do not changeC.owners equity decreases D.liabilities decrease2. A balance sheet report .A. the assets, liabilities, and owners equity on a particular dateB.the change in the owners capital during the periodC.the cash receipt and cash payment during the period D.the difference between revenues an
4、d expenses during the period3.The following information about the assets and liabilities at the end of 20 x 1 and 20 x 2 is given below:20 x 120 x 2 Assets$ 75,000$ 90,000Liabilities36,00045,000how much the ownersequity at the end of 20 x 2 ? A.$ 4,500 B.$ 6,000 C.$ 45,000 D.$ 43,0004.Traylor Compan
5、y paid $ 2,850 on account. The effect of this transaction on the accounting equation is to .A.Decrease assets and decrease owners equityB.Increase liabilities and decrease owners equityC.Have no effect on total assetsD.Decrease assets and decrease liabilities5.The entry to record the collection of $
6、 890 from a customer on account is .A.Dr.Accounts Payable 890 Cr. Cash890B.Dr.Cash890 Cr.Accounts Receivable 890C.Dr.Cash890 Cr.Account Payable890D.Dr.Cash890 Cr.Service Revenue8906.The ending Cash account balance is $ 57,600. During the period, cash receipts equal $ 124,300. If the cash payments du
7、ring the period total $ 135,100, then the beginning Cash amount must have A. $ 68,400 B.$ 46,800C. $ 181,900 D.annot be determined from the information given7.Use the following selected information for the Alecia Company to calculate the correct credit column total for a trial balance .Accounts rece
8、ivable$ 7,200Accounts payable$ 6,900Building$ 179,400Cash$ 15,800Capital$ 64,000Insurance expense$ 6,500Salary expense$ 56,100Salary payable$ 3,600Service revenue$ 190,500A. $ 201,000 B. $ 137,100C. $ 265,000D. $ 74,5008. ABC paid $500 for inventories in cash ,and purchased additional inventories on
9、 account for $700 in the month. At the end of the month,ABC paid $300 of the account payable.what is the balance in the inventoryies account? A $ 500B. $ 900C. $ 1,200D. $ 1,5009.The debit side of an account is used to record A.increases B.decreasesC. increases or decreases,depending on the type of
10、accountD.decline10.ABC ,began the year with total assets of $120,000,liabilities of $70,000,and owners equity of $50,000.during the year ABC earned revenue of $110,000 and paid espenses of $30,000.and also invensted an additional $20,000 in the business .how much is the owners equity at the end of t
11、he year? A. $150,000 B.$180,000C.$190,000 D.$220,00011Which of the following is true? _.A.Owners Equity - Assets = LiabilitiesB.Assets Owners Equity = LiabilitiesC.Assets + Liabilities = Owners EquityD.Liabilities = Owners Equity + Assets12Which of these is an example of an liability account? _ _.A.
12、Service Revenue B.CashC.Accounts Receivable D.Short-term loans13Which of the following is a correct statement of the rules of debit and credit? _.A. Debits increase assets and decrease liabilitiesB. Debits increase assets and increase owners equityC. Credits decrease assets and decrease liabilitiesD
13、. Credits increase assets and increase owners equity14If earnings havent been distributed as dividends, it should have been retained in the company. The name of this portion of number listed in the balance sheet is _.A. paid-in capital B. retained earnings C. dividend D. cash15Please select the comp
14、onents which should be deducted from the original value of plant assets when we compute their net value _.A. Merchandise inventory B. Income tax payableC. Accumulated depreciation D. Retained earnings16 Which of the following would not be included on a balance sheet?A. Accounts receivable. B. Accounts payable.C. Sa
