英语会计期末试卷及答案.docVIP

英语会计期末试卷及答案

一、单项选择题（总共10题，每题2分）

1.Theprocessofidentifying,measuring,andcommunicatingfinancialinformationabouteconomiceventstousersisknownas:

A.Auditing

B.Budgeting

C.Financialreporting

D.Taxation

Answer:C

2.Whichofthefollowingisacurrentasset?

A.Patents

B.Equipment

C.Accountsreceivable

D.Long-terminvestments

Answer:C

3.Theaccountingequationis:

A.Assets=Liabilities+Equity

B.Assets=Liabilities-Equity

C.Assets+Liabilities=Equity

D.Assets-Liabilities=Equity

Answer:A

4.Thematchingprincipleinaccountingstatesthat:

A.Expensesshouldberecognizedintheperiodtheyareincurred.

B.Revenueshouldberecognizedwhenitisearned.

C.BothAandB

D.NeitherAnorB

Answer:C

5.Theprocessofadjustingentriesattheendofanaccountingperiodisknownas:

A.Journalizing

B.Posting

C.Adjusting

D.Reversing

Answer:C

6.Theincomestatementshows:

A.Thefinancialpositionofacompanyataspecificpointintime.

B.Thechangesinequityoveranaccountingperiod.

C.Therevenuesandexpensesofacompanyoveranaccountingperiod.

D.Thecashflowsofacompanyoveranaccountingperiod.

Answer:C

7.Atrialbalanceisusedto:

A.Recordtransactions.

B.Checkforerrorsintheaccountingrecords.

C.Preparefinancialstatements.

D.Calculatedepreciation.

Answer:B

8.Thestatementofcashflowsshows:

A.Thechangesinassetsandliabilitiesoveranaccountingperiod.

B.Thecashinflowsandoutflowsofacompanyoveranaccountingperiod.

C.Therevenuesandexpensesofacompanyoveranaccountingperiod.

D.Thefinancialpositionofacompanyataspecificpointintime.

Answer:B

9.Theaccountingprinciplethatrequiresfinancialstatementstobepreparedonagoingconcernbasisisknownas:

A.Consistencyprinciple

B.Goingconcernprinciple

C.Materialityprinciple

D.Conservatismprinciple

Answer:B

10.Theprocessofrecordingtransactionsinajournalisknownas:

A.Posting

B.Adjusting