大学初级会计英语教材答案.pdfVIP

大学初级会计英语教材答案

Unit1:IntroductiontoAccounting

1.MultipleChoice

1)b.Financialaccountingandmanagerialaccounting.

2)d.Decision-making.

3)c.Torecordbusinesstransactions.

4)a.Balancesheet.

5)c.Incomestatement.

6)a.Assets=Liabilities+Owner’sEquity.

7)d.Alloftheabove.

2.FillintheBlanks

1)Audit.

2)Equity.

3)Revenue.

4)Expense.

5)Cashflowstatement.

3.ShortAnswer

1)Financialaccountingfocusesonthepreparationoffinancial

statementsforexternalusers,suchasinvestorsandcreditors,while

managerialaccountingprovidesinformationtointernalusers,suchas

managersandemployees,fordecision-makingpurposes.

2)Thebalancesheetreportsacompanysassets,liabilities,andowners

equityataspecificpointintime,usuallytheendofareportingperiod.The

incomestatementshowsacompanysrevenues,expenses,andnetincomeor

netlossoveraspecifiedperiod.Thecashflowstatementreportsthecash

inflowsandoutflowsduringagivenperiod,categorizedintooperating,

investing,andfinancingactivities.

3)Theaccountingequation,Assets=Liabilities+Owner’sEquity,isthe

fundamentalprincipleinaccounting.Itstatesthatacompanysassetsare

financedbyeitherliabilitiesorownersequity.

4)Assetsareeconomicresourcesownedbyacompany,suchascash,

inventory,andequipment.Liabilitiesrepresentacompanysobligationsto

paydebtsorprovidegoodsorservicesinthefuture,suchasaccounts

payableandloanspayable.Ownersequityistheresidualinterestinthe

assetsofthecompanyafterdeductingliabilitiesandrepresentsthe

shareholdersstakeinthecompany.

Unit2:TheAccountingCycle

1.MultipleChoice

1)c.T-account.

2)d.Chartofaccounts.

3)b.Journal.

4)a.Posting.

5)c.Theclosingentriesarerecordedattheendof