会计英语试题及答案.pdfVIP

会计英语试题及答案

1.MultipleChoiceQuestions

Choosethecorrectoptionforeachquestion.

1.Whatisthemainobjectiveoffinancialaccounting?

a)Toprovideinformationforinternaldecisionmaking

b)Toprovideinformationforexternalparties

c)Topreparebudgetsandforecasts

d)Toensuretaxcompliance

2.Thematchingprincipleinaccountingsuggests:

a)Expensesshouldberecognizedwhenincurred

b)Revenuesshouldberecognizedwhencashisreceived

c)Expensesshouldberecognizedwhencashispaid

d)Revenuesshouldberecognizedwhenearned

3.Whichfinancialstatementreportsthefinancialpositionofacompany

ataspecificpointintime?

a)Incomestatement

b)Cashflowstatement

c)Balancesheet

d)Statementofretainedearnings

4.Anincreaseinaccountspayablewouldberecordedasa:

a)Debittoaccountspayable

b)Credittoaccountspayable

c)Debittoaccountsreceivable

d)Credittoaccountsreceivable

5.Undertheaccrualbasisofaccounting,revenueisrecognized:

a)Whencashisreceived

b)Whengoodsaredelivered

c)Whenservicesareprovided

d)Whenaccountsreceivablearecollected

2.FillintheBlanks

Completethefollowingsentenceswiththeappropriateaccountingterms.

1.The___________________istheownersclaimontheassetsofa

business.

2._________________istheprocessofallocatingthecostofanasset

overitsusefullife.

3.The___________________istheamountbywhichcurrentassets

exceedcurrentliabilities.

4.A_________________isadecreaseinequityresultingfromthesale

ofgoodsorservices.

5.Theprocessofconvertingassets,liabilities,andownersequityfrom

onecurrencytoanotheriscalled_________________.

3.TrueorFalse

Determinewhetherthefollowingstat