高端会计英文题库及答案.docVIP

高端会计英文题库及答案

一、单项选择题（总共10题，每题2分）

1.Whichofthefollowingisconsideredacurrentassetonabalancesheet?

A.Patents

B.Accountsreceivable

C.Long-terminvestments

D.Equipment

Answer:B

2.Theprocessofrecordingfinancialtransactionsinabusinesssaccountingsystemisknownas:

A.Auditing

B.Bookkeeping

C.Budgeting

D.Forecasting

Answer:B

3.Whatisthetermforthedifferencebetweentotalassetsandtotalliabilitiesonabalancesheet?

A.Equity

B.Revenue

C.Expense

D.Profit

Answer:A

4.Acompanysnetincomeforaperiodcanbecalculatedbysubtracting:

A.Totalexpensesfromtotalrevenues

B.Totalassetsfromtotalliabilities

C.Totalliabilitiesfromtotalequity

D.Totalrevenuesfromtotalexpenses

Answer:A

5.Whichfinancialstatementshowsacompanysfinancialperformanceoveraspecificperiod?

A.Balancesheet

B.Incomestatement

C.Cashflowstatement

D.Statementofretainedearnings

Answer:B

6.Theaccountingprinciplethatrequirestransactionstoberecordedintheperiodinwhichtheyoccurisknownas:

A.Historicalcostprinciple

B.Revenuerecognitionprinciple

C.Matchingprinciple

D.Conservatismprinciple

Answer:B

7.Whatisthetermfortheprocessofevaluatingacompanysfinancialhealthandmakinginvestmentdecisions?

A.Financialplanning

B.Financialanalysis

C.Financialreporting

D.Financialmanagement

Answer:B

8.Acompanysabilitytomeetitsshort-termobligationsismeasuredby:

A.Debt-to-equityratio

B.Currentratio

C.Returnonequity

D.Earningspershare

Answer:B

9.Theprocessofpreparingfinancialstatementsforexternaluserssuchasinvestorsandcreditorsisknownas:

A.Managerialaccounting

B.Financialaccounting

C.Costaccounting

D.Taxaccounting

Answer:B

10.Whichofthefollowingisanon-currentasset?

A.Accountsreceivable

B.Inventory

C.