财会专业英语期末试卷及答案.docx

《财会专业英语》期终试卷
thefollowingintocorrespondinggroups.(15points)
onhandreceivabletosuppliers
$,ABCpaid$300oftheaccountisthebalanceintheinventoryiesaccount?
A$500
$900
$1,200
$1,500
debitsideofanaccountisusedtorecord
,dependingonthetypeofaccount
,begantheyearwithtotalassetsof$120,000,liabilitiesof$70,000,andowner'sequityof$50,theyearABCearnedrevenueof$110,000andpaidespensesof$30,alsoinvenstedanadditional$20,'sequityattheendoftheyear?
A.$150,000B.$180,000
C.$190,000D.$220,000
Whichofthefollowingistrue?.
OwnersfEquity-Assets=Liabilities
Assets—OwnersEquity=Liabilities
Short-term loans 1,000
Assets+Liabilities=Owners’Equity
Liabilities=Owners’Equity+Assets
Whichoftheseisanexampleofanliabilityaccount?

-termloans
Whichofthefollowingisacorrectstatementoftherulesofdebitandcredit?.
Debitsincreaseassetsanddecreaseliabilities
Debitsincreaseassetsandincreaseowners’equity
Creditsdecreaseassetsanddecreaseliabilities
Creditsincreaseassetsandincreaseowners’equity
Ifearningshaven’tbeendistributedasdividends,.
-

Pleaseselectthecomponentswhichshouldbedeductedfromtheoriginalvalueofplantassetswhenwecomputetheirnetvalue.


Whichofthefollowingwouldnotbeincludedonabalancesheet?
.
.
Remingtonprovidedthefollowinginformationaboutitsbalancesheet:Cash$100
Accountsreceivable500
Short-term loans 1,000
Stockholders'equity700
Accountspayable200
Basedontheinformationprovided,howmuchareRemington'sliabilities?
A.$.$.$1,.$1,700.
Geraldhadbeginningtotalstockholders'equityof$160,,totalassetsincr