财务专业英文题库及答案.docVIP

财务专业英文题库及答案

一、单项选择题

1.Whichofthefollowingisnotafinancialstatement?

A.Incomestatement

B.Balancesheet

C.Cashflowstatement

D.Productioncostreport

Answer:D

2.Theaccountingequationis_.

A.Assets=Liabilities+OwnersEquity

B.Assets=Liabilities-OwnersEquity

C.Assets+Liabilities=OwnersEquity

D.Assets-Liabilities=OwnersEquity

Answer:A

3.Whatisthemainpurposeoffinancialaccounting?

A.Toprovideinformationforinternalmanagementdecision-making

B.Topreparetaxreturns

C.Tocommunicatefinancialinformationtoexternalusers

D.Torecorddailybusinesstransactions

Answer:C

4.Depreciationis_.

A.Thedecreaseinthevalueofanassetduetophysicalwearandtear

B.Thedecreaseinthevalueofanassetduetoobsolescence

C.Theallocationofthecostofanassetoveritsusefullife

D.Alloftheabove

Answer:C

5.Whichofthefollowingisacurrentasset?

A.Land

B.Buildings

C.Accountsreceivable

D.Equipment

Answer:C

6.Revenueisrecognizedwhen_.

A.Cashisreceived

B.Goodsaredeliveredorservicesarerendered

C.Anorderisplaced

D.Theinvoiceisissued

Answer:B

7.Thecostofgoodssoldiscalculatedas_.

A.Beginninginventory+Purchases-Endinginventory

B.Beginninginventory-Purchases+Endinginventory

C.Purchases+Endinginventory-Beginninginventory

D.Purchases-Endinginventory-Beginninginventory

Answer:A

8.Whichofthefollowingisanexampleofanoperatingexpense?

A.Interestexpense

B.Dividendexpense

C.Rentexpense

D.Costofgoodssold

Answer:C

9.Thefinancialratiothatmeasurestheabilityofacompanytopayitsshort-termdebtsis_.

A.Currentratio

B.Debtratio

C.Returnonequity

D.Grossprofitmargin

Answer:A

10.Whichaccountingprinciplerequiresthataccountingrecordsandstatementsbebasedonthemostreliabledataavailable?

A.Costprinciple

B.Matchingprinciple

C.Objectivityprinciple

D.Revenuerecognitionprinciple

Answer:C

二、多项选择题

1.