中国地质大学（北京）继续教育学院 2016年05课程考试
《会计专业英语》模拟题（补）
1．Complete 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
（16）short-term debt-paying ability
2．Label the following accounts as asset (A), liability (L), owner’s 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）Accounts Receivable （10）Notes payable
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中国地质大学（北京）继续教育学院 2016年05课程考试
3. Answer the question related to the topic of the conversation
Why Isn’t The Accounting A Mirror of What Happened?
John: Leanne, can you explain what’s going on here with these monthly statements? Leanne: Sure, John. How can I help you?
John: I don’t understand this last–in, first–out inventory procedure. It just doesn’t 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 that’s my problem. It doesn’t work that way! We always distribute the oldest
produce first. Some of that produce is perishable! We can’t keep any of it very long or it’ll spoil.
Leanne: John, you don’t understand. We only assume that the products we distribute are the last
ones received. We don’t actually have to distribute the goods in this way.
John: I always thought that 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, as follows:
Specific Purchase Number of Units Cost per Unit Total Cost Beginning inventory 34 $270 $9180 First purchase 60 282 16,920 Second purchase 256 298 76,288
Third purchase 164 312 51,168Total units available 514 $153,556
Of the 514 units available for sale, 182 units are still on hand and 332 have 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?
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中国地质大学（北京）继续教育学院 2016年05课程考试
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 thousands 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 3,700
Total assets. 5,800 6,200
Liabilities and common equity Accounts payable 300 200 Notes payable 200 300
Other current liabilities 1,000 800 Long-term debt 1,000 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
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中国地质大学（北京）继续教育学院 2016年05课程考试
Profits after taxes 120,000 ____________________________________________________
Calculate the following ratios for 2002:
(1) the current ratio (2) the debt to equity ratio (3) the quick ratio
6．Translate 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.
7．Choose the best answer from A, B, C, D to complete the sentence or to answer the question:
（1）Which of these is (are) an example of an asset account? ____.
A. Service Revenue B. Withdrawals C. Supplies D. All of the above
（2）Which of the following is not affected by the inventory valuation method used by a business? _____.
A. Amounts owed for income taxes B. Cost of merchandise sold
C. Amounts paid to acquire merchandise D. Net income of the business
（3）Aftin Co. performs services on account, when Aftin collects the account receivable____.
A. assets increase B. assets do not change
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