《会计专业英语模拟试题及答案》由会员分享，可在线阅读，更多相关《会计专业英语模拟试题及答案（10页珍藏版）》请在金锄头文库上搜索。
1、会计专业英语模拟试题及答案一、单选题 （每题 1 分，共 20 分）1. Which of the following statements about accounting concepts or assumptions are correct?1） The money measurement assumption is that items in accounts are initially measured at their historical cost.2） In order to achieve comparability it may sometimes be necessary
2、 to override the prudence concept.3） To facilitate comparisons between different entities it is helpful if accounting policies and changes in them are disclosed.4） To comply with the law, the legal form of a transaction must always be reflected in financial statements.A 1 and 3B 1 and 4C 3 onlyD 2 a
3、nd 32. Johnny had receivables of $5 500 at the start of 2010. During the year to 31 Dec 2010 he makes credit sales of $55 000 and receives cash of $46 500 from credit customers.What is the balance on the accounts receivables at 31 Dec 2010?A. $8 500 Dr B. $8 500 Cr C. $14 000 Dr D. $14 000 Cr 3. Sho
4、uld dividends paid appear on the face of a companys cash flow statement?A. Yes B. No C. Not sure D. Either4. Which of the following inventory valuation methods is likely to lead to the highest figure for closing inventory at a time when prices are dropping?A. Weighted Average costB. First in first o
5、ut (FIFO)C. Last in first out (LIFO)D. Unit cost5. Which of following items may appear as non-current assets in a companys the statement of financial position?(1) plant, equipment, and property(2) company car(3) 4000 cash(4) 1000 chequeA. (1), (3)B. (1), (2) C. (2), (3)D. (2), (4)6. Which of the fol
6、lowing items may appear as current liabilities in a companys balance sheet?(1) investment in subsidiary (2) Loan matured within one year.(3) income tax accrued untill year end.(4) Preference dividend accruedA (1), (2) and (3)B (1), (2) and (4)C (1), (3) and (4)D (2), (3) and (4)7. The trial balance
7、totals of Gamma at 30 September 2010 are:Debit $992,640Credit $1,026,480Which TWO of the following possible errors could, when corrected, cause the trial balance to agree?1. An item in the cash book $6,160 for payment of rent has not been entered in the rent payable account.2. The balance on the mot
8、or expenses account $27,680 has incorrectly been listed in the trial balance as a credit.3. $6,160 proceeds of sale of a motor vehicle has been posted to the debit of motor vehicles asset account.4. The balance of $21,520 on the rent receivable account has been omitted from the trial balance.A 1 and
9、 2B 2 and 3C 2 and 4D 3 and 48. Theta prepares its financial statements for the year to 30 April each year. The company pays rent for its premises quarterly in advance on 1 January, 1 April, 1 July and 1 October each year. The annual rent was $84,000 per year until 30 June 2010. It was increased fro
10、m that date to $96,000 per year. What rent expense and end of year prepayment should be included in the financial statements for the year ended 30 April 2010?Expense PrepaymentA $93,000 $8,000B $93,000 $16,000C $94,000 $8,000D $94,000 $16,0009. At 30 September 2010, the following balances existed in
11、 the records of Lambda:Plant and equipment: $860,000Depreciation for plant and equipment: $397,000During the year ended 30 September 2010, plant with a written down value of $37,000 was sold for $49,000. The plant had originally cost $80,000. Plant purchased during the year cost $180,000. It is the
12、company.s policy to charge a full year depreciation in the year of acquisition of an asset and none in the year of sale, using a rate of 10% on the straight line basis. What net amount should appear in Lambda.s balance sheet at 30 September 2010 for plant and equipment?A $563,000B $467,000C $510,000
13、D $606,00010. A companys plant and machinery ledger account for the year ended 30 September 2010 was as follows:Plant and machinery cost2009 $ 2010 $1 October balance b/f 381 200 1 June Disposal 36 0001 Dec cash 18 000 30 Sept balance c/f 363 200399 200 399 20030 Sept balance b/f 363 200The companys
14、 policy is to charge depreciation at 20% per year on the straight line basis, with proportionate depreciation in years of purchase and disposal. What is the depreciation charge for the year ended 30 September 2010?A $74,440B $84,040C $72,640D $76,84011. Listed below are some characteristics of finan
15、cial information.(1) True(2) Prudence(3) Completeness(4) CorrectWhich of these characteristics contribute to reliability?A (1), (3) and (4) only B (1), (2) and (4) onlyC (1), (2) and (3) onlyD (2), (3) and (4) only12. The plant and machinery cost account of a company is shown below. The companys policy is to charge depreciation at 20% on the straight line basis, with proportionate depreciation in years of acquisition and disposal.Plant and machinery cost2009 $ 2009 $1 Jan balance b/f
