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1、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）common-size analysis（14）corporations（15）经济业务（
2、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. Osborn, Capital（8）Rent Expense（9）Account
3、s 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 you?John: I dont understand this lastin, f
4、irstout 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 doesnt work that way! We always distribute the
5、 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 goods in this way.John: I always thought tha
6、t accounting was supposed to show what really happened. It all sounds like “make believe” to me! Why not report what really happens?Question:How would you respond to John if you were Leanne?4. Casey Electronics ending inventory consists of 182 Model M43 CD players acquired through various purchases,
7、 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 the 514 units available for sale, 182 units are still on hand and 332 hav
8、e 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 statement for 2002 and 2003: Table A Balance Sheet for 2002 and 2003(all values in thousa
9、nds of dollars) 2002 2003_Assets Cash 200 300 Marketable securities 300 200 Receivables. 800 1,000 Inventory 1,200 1,000 Fixed assets 3,300 3,700Total assets. 5,800 6,200 Liabilities and common equityAccounts payable 300 200 Notes payable 200 300 Other current liabilities 1,000 800 Long-term debt 1,
10、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 $1,000,000 Operating and other costs - 700,000 EBIT . 300,000 Interest . - 100,000 Profits before taxes 200,000 Tax at 40% rate - 80,000 Profits after taxes 120,000 _Calcula
11、te 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 accounting 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 the sentence or to a
