会计专业英语期末考试练习卷(new)

1. The economic resources of a business are called: B

A. Owner’s Equity

B. Assets

C. Accounting equation

D. Liabilities

2. DTK Company has a $3500 accounts receivable from GRS Company. On January 20, GRS Company makes a partial payment of $2100 to DTK Company. The journal entry made on January 20 by DTK Company to record this transaction includes: D

A. A debit to the cash receivable account of $2100.

B. A credit to the accounts receivable account of $2100.

C. A debit to the cash account of $1400.

D. A debit to the accounts receivable account of $1400.

3. In general terms, financial assets appear in the balance sheet at: A

A. Face value.账面价值

B. Current value.现值

C. Market value.市场价值

D. Estimated future sales value.

4. Each of the following measures strengthens internal control over cash receipts except: D

A. The use of a voucher system.

B. Preparation of a daily listing of all checks received through the mail.

C. The deposit of cash receipts intact in the bank on a daily basis.

D. The use of cash registers.

5. Which of the following items is the greatest in dollar amount? D

A. Beginning inventory

B. Cost of goods sold.

C. Cost of goods available for sale

D. Ending inventory

6.Why do companies prefer the LIFO inventory后进先出法 method during a period of rising prices?

B

A. Higher reported income

B. Lower income taxes

C. Lower reported income

D. Higher ending inventory

7. Which of the following characteristics would prevent an item from being included in the classification of plant and equipment? D

A. Intangible

B. Unlimited life

C. Being sold in its useful life

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