會計英語期末考試試題及答案T字賬

會計英語期末考試試題及答案T字賬

一、單項選擇題（每題2分，共10題）1.Inaccounting,“Debit”means:A.IncreaseinliabilityB.DecreaseinassetC.IncreaseinexpenseD.Decreaseinrevenue答案：C2.Whichofthefollowingisacurrentasset?A.BuildingB.LandC.AccountsreceivableD.Machinery答案：C3.Theaccountingequationis:A.Assets=Liabilities+EquityB.Assets-Liabilities=EquityC.Assets=Liabilities-EquityD.BothAandB答案：D4.Thepurposeofthetrialbalanceisto:A.DetectallaccountingerrorsB.EnsurethattotaldebitsequaltotalcreditsC.PreparefinancialstatementsD.Calculatenetincome答案：B5.Aprepaidexpenseis:A.AnexpensealreadypaidbutnotyetincurredB.AnexpensealreadyincurredbutnotyetpaidC.AliabilityD.Arevenue答案：A6.Depreciationis:A.TheincreaseinthevalueofanassetovertimeB.ThedecreaseinthevalueofanassetovertimeC.ThecostofanassetD.Thesellingpriceofanasset答案：B7.Whichofthefollowingaccountsisaliabilityaccount?A.CashB.AccountspayableC.Owner'sequityD.Inventory答案：B8.Whenacompanysellsgoodsoncredit,whichaccountisdebited?A.AccountsreceivableB.SalesrevenueC.InventoryD.Costofgoodssold答案：A9.Ifacompanypaysdividends,whichaccountisdebited?A.DividendspayableB.RetainedearningsC.CashD.Commonstock答案：B10.Thebalancesheetreports:A.ResultsofoperationsforaperiodB.FinancialpositionatapointintimeC.CashflowsduringaperiodD.Changesinequityduringaperiod答案：B二、多項選擇題（每題2分，共10題）1.Whichofthefollowingareexamplesofnon-currentassets?A.EquipmentB.PatentC.AccountsreceivableD.Long-terminvestment答案：ABD2.Liabilitiescaninclude:A.AccountspayableB.LoanspayableC.UnearnedrevenueD.Accruedexpenses答案：ABCD3.Thecomponentsofequityare:A.CommonstockB.RetainedearningsC.Additionalpaid-incapitalD.Treasurystock答案：ABC4.Financialstatementstypicallyinclude:A.BalancesheetB.IncomestatementC.StatementofcashflowsD.Statementofretainedearnings答案：ABCD5.Whichofthefollowingtransactionswillincreaseassets?A.PurchaseofinventoryoncreditB.ReceivingcashfromacustomerforservicesrenderedC.IssuingcommonstockforcashD.Depreciationofequipment答案：ABC6.Accountingprinciplesinclude:A.MatchingprincipleB.ConservatismprincipleC.Going-concernprincipleD.Monetaryunitprinciple答案：ABCD7.Thefollowingaccountsareusedintherevenuecycle:A.SalesrevenueB.AccountsreceivableC.CostofgoodssoldD.Inventory答案：ABCD8.Adjustingentriesaremadefor:A.PrepaidexpensesB.UnearnedrevenueC.AccruedexpensesD.Depreciation答案：ABCD9.Whichofthefollowingratioscanbeusedtoanalyzeacompany'sliquidity?A.CurrentratioB.QuickratioC.Debt-to-equityratioD.Returnonequityratio答案：AB10.Thedouble-entryaccountingsystemrequiresthat:A.EverytransactionaffectsatleasttwoaccountsB.DebitsmustequalcreditsC.TherearealwaystwodebitentriesandtwocreditentriesforeachtransactionD.Accountscanonlybedebitedorcreditedonceinatransaction答案：AB三、判斷題（每題2分，共10題）1.Assetsarealwaysequaltoliabilitiesplusequity.(True)2.Adebitentryalwaysincreasesanassetaccount.(False)3.Revenueisrecognizedwhencashisreceived.(False)4.Theincomestatementshowsthefinancialpositionofacompanyataspecificpointintime.(False)5.Depreciationexpenseisanon-cashexpense.(True)6.Accountspayableisacurrentliability.(True)7.Whenacompanypaysdividends,itdecreasesitsequity.(True)8.Thebalancesheetisalsoknownasthestatementoffinancialposition.(True)9.Acreditentrytoaliabilityaccountincreasesthebalanceofthataccount.(True)10.Inthedouble-entryaccountingsystem,asingletransactioncanhaveonlyonedebitentry.(False)四、簡答題（每題5分，共4題）1.WhatisthepurposeofpreparingaT-account?Answer:ThepurposeofpreparingaT-accountistovisuallyrepresentthedebitsandcreditsofanaccount.Ithelpsinanalyzingthebalanceofanaccount,trackingtransactions,andensuringthattheaccountingequationremainsinbalance.2.Explainthedifferencebetweencurrentassetsandnon-currentassets.Answer:Currentassetsareexpectedtobeconvertedintocashorusedupwithinoneyearortheoperatingcycle,e.g.,cash,accountsreceivable.Non-currentassetsarenotexpectedtobeconvertedintocashorusedupwithinoneyear,suchasbuildings,long-terminvestments.3.Howisnetincomecalculated?Answer:Netincomeiscalculatedbysubtractingtotalexpensesfromtotalrevenues.Revenueincludessales,servicerevenueetc.,andexpensesincludecostofgoodssold,operatingexpensesetc.4.Whatarethemaincomponentsofthestatementofcashflows?Answer:Themaincomponentsarecashflowsfromoperatingactivities,cashflowsfrominvestingactivities,andcashflowsfromfinancingactivities.Operatingactivitiesarerelatedtothecorebusinessoperations,investinginassetsetc.,andfinancingactivitiesincludeissuingstocks,payingdividendsetc.五、討論題（每題5分，共4題）1.Discusstheimportanceoftheaccountingcycleinthepreparationoffinancialstatements.Answer:Theaccountingcycleiscrucialasitensuresaccurateandcompletefinancialstatements.Itincludesstepslikerecordingtransactions,adjustingentriesetc.Thisprocesshelpsinproperclassificationandsummarizationofdata,whichisessentialforstakeholderstomakeinformeddecisions.2.Whyisitimportanttofollowaccountingprinciples?Answer:Followingaccountingprinciplesensuresconsistency,comparability,andreliabilityoffinancialinformation.Ithelpsinaccuraterepresentationofacompany'sfinancialpositionandperformance,enablinginvestors,creditorsetc.totrusttheinformationford