英语会计试题及答案.pdf

英语会计试题及答案

1.Multiple-choiceQuestions

Question1:Whatisthebasicaccountingequation?

a)Revenue=Expenses+Liabilities

b)Assets=Liabilities+Equity

c)Assets=Revenue+Equity

d)Assets=Expenses+Revenue

Answer:b)Assets=Liabilities+Equity

Question2:Whichofthefollowingisclassifiedasacurrentasset?

a)Land

b)Buildings

c)AccountsReceivable

d)Machinery

Answer:c)AccountsReceivable

a)Cashreceivedbeforerevenueisrecognized

b)Cashpaidbeforeexpensesarerecognized

c)Revenuerecognizedbeforecashisreceived

d)Expensesrecognizedbeforecashispaid

Answer:c)Revenuerecognizedbeforecashisreceived

2.FillintheBlanks

Question1:Theamountofmoneythatacompanyowestoitssuppliers

isrecordedas________.

Answer:AccountsPayable

Question2:Theprocessofsystematicallyallocatingthecostofanasset

overitsusefullifeiscalled________.

Answer:Depreciation

Question3:Thefinancialstatementthatshowsacompanysrevenues

andexpensesoveraperiodoftimeiscalledthe________.

Answer:IncomeStatement

3.CalculationQuestions

Question1:Calculatethenetprofitforacompanywithrevenuesof

$50,000andexpensesof$30,000.

Answer:NetProfit=Revenues-Expenses

NetProfit=$50,000-$30,000

NetProfit=$20,000

Question2:Calculatethetotalassetsforacompanywithliabilitiesof

$10,000andequityof$20,000.

Answer:TotalAssets=Liabilities+Equity

TotalAssets=$10,000+$20,000

TotalAssets=$30,000

Question3:Calculatethereturnoninvestment(ROI)foracompany

withanetincomeof$25,000andtotalassetsof$200,000.

Answer:ROI=NetIncome/TotalAssets

ROI=$25,000/$200,000

ROI=0.125or12.5%

4.TrueorFalse

Question1:Thebalancesheetshowsacompanysfinancialpositionata

specificpointintime.

Answer:Tr