高端会计英语题库及答案.docVIP

高端会计英语题库及答案

一、单项选择题（总共10题，每题2分）

1.Whichofthefollowingisconsideredacurrentassetonabalancesheet?

A.Equipment

B.Accountsreceivable

C.Long-terminvestments

D.Deferredtaxes

Answer:B

2.Theprocessofevaluatingandimprovingtheefficiencyofanorganizationsoperationsisknownas:

A.Budgeting

B.Costcontrol

C.Strategicplanning

D.Performanceanalysis

Answer:B

3.Whatistheprimarypurposeofacashflowstatement?

A.Toshowthecompanysprofitability

B.Toreportthecompanysfinancialpositionataspecificpointintime

C.Todetailthecashinflowsandoutflowsoveraperiod

D.Toanalyzethecompanyscapitalstructure

Answer:C

4.Inaccounting,thetermaccrualbasisrefersto:

A.Recordingtransactionsonlywhencashisreceivedorpaid

B.Recordingtransactionswhentheyareearnedorincurred,regardlessofcashmovement

C.Recordingtransactionsonlywhentheyarecompleted

D.Recordingtransactionsinreversechronologicalorder

Answer:B

5.Whichfinancialstatementshowsacompanysrevenuesandexpensesoveraspecificperiod?

A.Balancesheet

B.Cashflowstatement

C.Incomestatement

D.Statementofretainedearnings

Answer:C

6.Theaccountingprinciplethatrequirestransactionstoberecordedinaconsistentmannerfromperiodtoperiodisknownas:

A.Historicalcostprinciple

B.Revenuerecognitionprinciple

C.Consistencyprinciple

D.Materialityprinciple

Answer:C

7.Whatisthetermforthedifferencebetweenthecostofanassetanditsfairmarketvalue?

A.Gainondisposal

B.Lossondisposal

C.Depreciation

D.Amortization

Answer:B

8.Acompanysnetincomeincreaseswhen:

A.Expensesdecrease

B.Revenuesincrease

C.BothAandB

D.NeitherAnorB

Answer:C

9.Theprocessofallocatingthecostofanintangibleassetoveritsusefullifeisknownas:

A.Depreciation

B.Amortization

C.A