会计英语综合测试二.docVIP

会计英语综合测试二 测试时间为120分钟 一、英译汉（请将答案直接写在题后，每小题1分，共20分）： 二、汉译英（请将答案直接写在题后，每小题1分，共20分）： 三、单项选择题（每道题只有一个最准确的答案，请将答案填写在要求的表格内，每小题1分，共15分） An estimate based on an analysis of receivables shows that $780 of accounts receivables are uncollectible. The Allowance for Doubtful Accounts has a debit balance of $110. After preparing the adjusting entry at the end of the year, the balance in the Uncollectible Accounts Expense is A. $110 B. $780 C. $670 D. $890 What is the type of account and normal balance of Allowance for Doubtful Accounts? A. Contra asset, credit B. Asset, debit C. Asset, credit D. Contra asset, debit The two methods of accounting for uncollectible receivables are the allowance method and the A. equity method B. direct write-off method C. interest method D. cost method Merchandise inventory at the end of the year is overstated. Which of the following statements correctly states the effect of the error? A. owners equity is overstated B. cost of merchandise sold is overstated C. gross profit is understated D. net income is understated If the estimated rate of gross profit is 40%, what is the estimated cost of the merchandise inventory on June 30, based on the following data? June 1 Merchandise inventory $ 75,000 June 1-30 Purchases (net) 150,000 June 1-30 Sales (net) 135,000 A. $144,000 B. $140,000 C. $ 81,000 D. $ 54,500 The inventory data for an item for November are Nov. 1. Inventory..... 20 units at $20 4. Sold............. 10 units 10. Purchased.... 30 units at $21 17. Sold............. 20 units 30. Purchased.... 10 units at $22 Using the perpetual system, costing by the last-in, first-out method, what is the cost of the merchandise inventory of 30 units on November 30? A. $640 B. $610 C. $620 D. $630 A fixed asset with a cost of $40,000 and accumulated depreciation of $36,500 is traded for a similar asset priced at $60,000. Assuming a trade-in allowance of $3,000, the reco