《财会专业英语》期末试卷和答案.docVIP

《财会专业英语》期 终 试卷 = 1 \* ROMAN I.Put the following into corresponding groups. (15 points) 1.Cash on hand 2.Notes receivable 3.Advances to suppliers 4. Other receivables 5.Short-term loans 6.Intangible assets 7.Cost of production 8.Current year profit 9. Capital reserve 10.Long-term loans 11.Other payables 12. Con-operating expenses 13.Financial expenses 14.Cost of sale 15. Accrued payroll Assets Liabilities Owner’s equtiy Cost Profit and loss = 2 \* ROMAN II. Please find the best answers to the following questions. (25 Points) Aftin Co. performs services on account when Aftin collects the account receivable A.assets increase B.assets do not change C.owner’s equity decreases D.liabilities decrease 2. A balance sheet report . A. the assets, liabilities, and owner’s equity on a particular date B. the change in the owner’s capital during the period C. the cash receipt and cash payment during the period D. the difference between revenues and expenses during the period 3. The following information about the assets and liabilities at the end of 20 x 1 and 20 x 2 is given below: 20 x 1 20 x 2 Assets $ 75,000 $ 90,000 Liabilities 36,000 45,000 how much the owner’sequity at the end of 20 x 2 ? A.$ 4,500 B.$ 6,000 C.$ 45,000 D.$ 43,000 4. Traylor Company paid $ 2,850 on account. The effect of this transaction on the accounting equation is to . A. Decrease assets and decrease owner’s equity B. Increase liabilities and decrease owner’s equity C. Have no effect on total assets D. Decrease assets and decrease liabilities 5. The entry to record the collection of $ 890 from a customer on account is . A. Dr.Accounts Payable 890 Cr. Cash 890 B. Dr.Cash 890 Cr. Accounts Receivable 890 C. Dr.Cash 890 Cr. Account Payable 890 D. Dr.Cash 890 Cr. Service Re