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会计英语课后习题参考答案doc资料

Suggested Solution

Chapter 1

(b) net income = 9,260-7,470=1,790

Chapter 2

a.To increase Notes Payable -CR

b.To decrease Accounts Receivable-CR

c.To increase Owner, Capital -CR

d.To decrease Unearned Fees -DR

e.To decrease Prepaid Insurance -CR

f.To decrease Cash - CR

g.To increase Utilities Expense -DR

h.To increase Fees Earned -CR

i.To increase Store Equipment -DR

j.To increase Owner, Withdrawal -DR

Cash 1,800

Accounts payable ................................................... 1,800 b.

Revenue ................................................................... 4,500

Accounts receivable ...................................... 4,500

Owner’s withdrawals ................................................ 1,500

Salaries Expense ............................................ 1,500 d.

Accounts Receivable (750)

Revenue (750)

Prepare adjusting journal entries at December 31, the end of the year.

Advertising expense 600

Prepaid advertising 600

Insurance expense (2160/12*2) 360

Prepaid insurance 360

Unearned revenue 2,100

Service revenue 2,100

Consultant expense 900

Prepaid consultant 900

Unearned revenue 3,000

Service revenue 3,000 4.

1. $388,400

2. $22,520

3. $366,600

4. $21,800

1. net loss for the year ended June 30, 2002: $60,000

2. DR Jon Nissen, Capital 60,000

CR income summary 60,000

3. post-closing balance in Jon Nissen, Capital at June 30, 2002: $54,000

Chapter 3

1. Dundee Realty bank reconciliation

October 31, 2009

Reconciled balance $6,220 Reconciled balance $6,220

2. April 7 Dr: Notes receivable—A company 5400

Cr: Accounts receivable—A company 5400

12 Dr: Cash 5394.5

Interest expense 5.5

Cr: Notes receivable 5400

June 6 Dr: Accounts receivable—A company 5533

Cr: Cash 5533

18 Dr: Cash 5560.7

Cr: Accounts receivable—A company 5533

Interest revenue 27.7

3. (a) As a whole: the ending inventory=685

(b) applied separately to each product: the ending inventory=625

4. The cost of goods available for sale=ending inventory + the cost of goods=80,000+200,000*500%=80,000+1,000,000=1,080,000

5.(1) 24,000+60,000-90,000*0.8=12000

(2) (60,000+24,000)/( 85,000+31,000)*( 85,000+31,000-90,000)=18828

Chapter 4

1. (a) second-year depreciation = (114,000 – 5,700) / 5 = 21,660;

(b) second-year depreciation = 8,600 * (114,000 – 5,700) / 36,100 = 25,800;

second-year depreciation = (114,000 – 45,600) * 40% = 27,360;

(d) second-year depreciation = (114,000 – 5,700) * 4/15 = 28,880.

2. (a) weighted-average accumulated expenditures (2008) = 75,000 * 12/12 + 84,000 * 9/12 + 180,000 * 8/12 + 300,000 * 7/12 + 100,000 * 6/12 = 483,000

(b) interest capitalized during 2008 = 60,000 * 12% + ( 483,000 –60,000) * 10% =49,500

3. (1) depreciation expense = 30,000

(2) book value = 600,000 – 30,000 * 2=540,000

(3) depreciation expense = ( 600,000 – 30,000 * 8)/16 =22,500

(4) book value = 600,000 – 30,000 * 8 – 22,500 = 337,500

4. Situation 1:

Jan 1st, 2008 Investment in M 260,000

Cash 260,000

June 30 Cash 6000

Dividend revenue 6000

Situation 2:

January 1, 2008 Investment in S 81,000

Cash 81,000

June 15 Cash 10,800

Investment in S 10,800

December 31 Investment in S 25,500

Investment Revenue 25,500

5. a. December 31, 2008 Investment in K 1,200,000

Cash 1,200,000

June 30, 2009 Dividend Receivable 42,500

Dividend Revenue 42,500

December 31, 2009 Cash 42,500

Dividend Receivable 42,500

b. December 31, 2008 Investment in K 1,200,000

Cash 1,200,000 December 31, 2009 Cash 42,500

Investment in K 42,500

Investment in K 146,000

Investment revenue 146,000 c. In a, the investment amount is 1,200,000

net income reposed is 42,500

In b, the investment amount is 1,303,500

Net income reposed is 146,000

Chapter 5

a. June 1: Dr: Inventory 198,000

Cr: Accounts Payable 198,000 June 11: Dr: Accounts Payable 198,000

Cr: Notes Payable 198,000 June 12: Dr: Cash 300,000

Cr: Notes Payable 300,000

b. Dr: Interest Expenses (for notes on June 11) 12,100

Cr: Interest Payable 12,100

Dr: Interest Expenses (for notes on June 12) 8,175

Cr: Interest Payable 8,175

c. Balance sheet presentation:

Notes Payable 498,000 Accrued Interest on Notes Payable 20,275

d. For Green:

Dr: Notes Payable 198,000 Interest Payable 12,100

Interest Expense 7,700

Cr: Cash 217,800

For Western:

Dr: Notes Payable 300,000

Interest Payable 8,175

Interest Expense 18,825

Cr: Cash 327,000

(1) 20?8 Deferred income tax is a liability 2,400

Income tax payable 21,600 20?9 Deferred income tax is an asset 600

Income tax payable 26,100

(2) 20?8: Dr: Tax expense 24,000

Cr: Income tax payable 21,600 Deferred income tax 2,400 20?9: Dr: Tax expense 25,500

Deferred income tax 600

Cr: Income tax payable 26,100 (3) 20?8: Income statement: tax expense 24,000

Balance sheet: income tax payable 21,600 20?9: Income statement: tax expense 25,500 Balance sheet: income tax payable 26,100

a. 1,560,000 (20000000*12 %* (1-35%))

b. 7.8% (20000000*12 %* (1-35%)/20000000)

Notes Payable 14,400 Interest Payable 1,296 Accounts Payable 60,000 +Unearned Rent Revenue 7,200 Current Liabilities 82,896

Chapter 6

1. Mar. 1

Cash 1,200,000

Common Stock 1,000,000

Paid-in Capital in Excess of Par Value 200,000

Mar. 15

Organization Expense 50,000

Common Stock 50,000

Mar. 23

Patent 120,000

Common Stock 100,000

Paid-in Capital in Excess of Par Value 20,000

The value of the patent is not easily determinable, so use the issue price of $12 per share on March 1 which is the issuing price of common stock.

2. July.1

Treasury Stock 180,000

Cash 180,000

The cost of treasury purchased is 180,000/30,000=60 per share.

Nov. 1

Cash 70,000

Treasury Stock 60,000

Paid-in Capital from Treasury Stock 10,000

Sell the treasury at the cost of $60 per share, and selling price is $70 per share. The treasury stock is sold above the cost.

Dec. 20

Cash 75,000

Paid-in Capital from Treasury Stock 15,000

Treasury Stock 90,000

The cost of treasury is $60 per share while the selling price is $50 which is lower than the cost.

3. a. July 1

Retained Earnings 24,000

Dividends Payable—Preferred Stock 24,000

b.Sept.1

Dividends Payable—Preferred Stock 24,000

Cash 24,000

c. Dec.1

Retained Earnings 80,000

Dividends Payable—Common Stock 80,000

d. Dec.31

Income Summary 350,000

Retained Earnings 350,000

a. Preferred stock gives its owner certain advantages over common stockholders. These benefits include the right to receive dividends before the common stockholders and the right to receive assets before the common stockholders if the corporation liquidates. Corporation pay a fixed amount of dividends on preferred stock.

The 7% cumulative term indicates that the investors earn 7% fixed dividends.

b. 7%*120%*20,000=504,000

c. If corporation issued debt, it has obligation to repay principal

d. The date of declaration decrease the stockholders’ equity; the date of record and the date of payment have no effect on stockholders.

a. Jan. 15

Retained Earnings 35,000

Accumulated Depreciation 35,000

To correct error in prior year’s depreciation.

b. Mar. 20

Loss from Earthquake 70,000

Building 70,000

c. Mar. 31

Retained Earnings 12,500

Dividends Payable 12,500

d. Apirl.15

Dividends Payable 12,500

Cash 12,500

e. June 30

Retained Earnings 37,500

Common Stock 25,000

Additional Paid-in Capital 12,500

To record issuance of 10% stock dividend: 10%*25,000=2,500 shares;

2500*$15=$37,500

f. Dec. 31

Depreciation Expense 14,000

Accumulated Depreciation 14,000

Original depreciation: $40,000/40=$10,000 per year. Book value on Jan.1, 2009 is $350,000(=$400,000-5*$10,000). Deprecation for 2009 is $14,000(=$350,000/25).

g. The company does not need to make entry in the accounting records. But the amount of Common Stock ($10 par value) decreases 275,000, while the amount of Common Stock ($5 par value) increases 275,000.

Chapter 7

Requirement 1

If revenue is recognized at the date of delivery, the following journal entries would be used to record the transactions for the two years:

Year 1

Inventory ....................................................................................... 480,000 Cash/Accounts payable .......................................................... 480,000 To record purchase of inventory

Inventory ....................................................................................... 124,000 Cash/Accounts payable .......................................................... 124,000 To record refurbishment of inventory

Accounts receivable ...................................................................... 310,000 Sales revenue ......................................................................... 310,000 To record sale of goods on account

Cost of goods sold ........................................................................ 220,000 Inventory ................................................................................. 220,000 To record the cost of the goods sold as an expense

Sales returns (I/S) ......................................................................... 15,500* Allowance for sales returns (B/S) ........................................... 15,500 To record provision for return of goods sold under 30-day return period

* 5% of $310,000

Warranty expense ......................................................................... 31,000* Provision for warranties (B/S) ................................................. 31,000 To record provision, at time of sale, for warranty expenditures

* 10% of $310,000

Allowance for sales returns .......................................................... 12,400 Accounts receivable ............................................................... 12,400 To record return of goods within 30-day return period.

It is assumed the returned goods have no value and are disposed of.

Provision for warranties (B/S) ....................................................... 18,600 Cash/Accounts payable .......................................................... 18,600 To record expenditures in year 1 for warranty work

Cash .............................................................................................. 297,600*

Accounts receivable ............................................................... 297,600 To record collection of Accounts Receivable

* $310,000 – $12,400

Year 2

Provision for warranties (B/S) ....................................................... 8,400 Cash/Accounts payable .......................................................... 8,400 To record expenditures in year 2 for warranty work

Requirement 2

If revenue is recognized only when the warranty period has expired, the following journal entries would be used to record the transactions for the two years:

Year 1

Accounts receivable ...................................................................... 310,000 Inventory ................................................................................. 220,000 Deferred gross margin ............................................................ 90,000 To record sale of goods on account

Deferred gross margin .................................................................. 12,400 Accounts receivable ............................................................... 12,400 To record return of goods within the 30-day return period. It is assumed the goods have

no value and are disposed of.

Deferred warranty costs (B/S) ...................................................... 18,600 Cash/Accounts payable .......................................................... 18,600 To record expenditures for warranty work in year 1. The warranty costs incurred are deferred because the related revenue has not yet been recognized

Cash .............................................................................................. 297,600* Accounts receivable ............................................................... 297,600 To record collection of Accounts receivable

* $310,000 – $12,400

Year 2

Deferred warranty costs ................................................................ 8,400 Cash/Accounts payable .......................................................... 8,400 To record warranty costs incurred in year 2 related to year 1 sales. The warranty costs incurred are deferred because the related revenue has not yet been recognized.

Deferred gross margin .................................................................. **77,600

Cost of goods sold ........................................................................ 220,000 Sales revenue ......................................................................... 297,600* To record recognition of sales revenue from year 1 sales and related cost of goods sold at expiry of warranty period

* $310,000 – $12,400

** ($90,000 – $12,400)

Warranty expense ......................................................................... 27,000* Deferred warranty costs ......................................................... 27,000 To record recognition of warranty expense at same time as related sales revenue recognition

* $18,600 + $8,400

Requirement 3

Allied Auto Parts Inc. might choose to recognize revenue only after the warranty period

has expired if they are not able to make a good estimate, at the time of sale, of the amount of warranty work that will be required under the terms of the one-year warranty. If Allied is not able, at the time of sale, to make a good estimate of the warranty work that will be required, then the measurability criterion of revenue recognition is not met at the time of sale. The measurability criterion means that the amount of revenue can be reliably measured. If the seller is not able to estimate the amount of work that will have to be done under the warranty agreement, then it is not able to reasonably measure the profit that it

will eventually earn on the sales. The performance criteria might also be invoked here.

The performance criterion means that the seller has transferred the significant risks and rewards of ownership to the buyer. As long as there is warranty work to be performed after the sale that is the responsibility of the seller, you might argue that performance is not substantially complete. However, if the seller was able to reliably estimate the amount of warranty work, then performance would be satisfied on the assumption that we could measure the risk that remains with the seller, and make a provision for it.

Percentage-of-completion method:

The first step in applying revenue recognition using the percentage-of-completion method (using costs incurred to date compared to estimated total costs to determine the percentage of completion) is to estimate the percentage of completion of the project at the end of each year. This is done in the following table (in $000s):

End of 2005 End of 2006 End of 2007

Total costs incurred $ 5,400 $ 12,950 $ 18,800 Total estimated costs 18,000 18,500 18,800 % completed 30% 70% 100%

Once the percentage of completion at the end of each year has been calculated as above, the next step is to allocate the appropriate amount of revenue to each year, based on the percentage completed to date, less what has previously been recorded in revenue. This is done in the following table (in $000s):

2005 2006 2007

2005 $20,000 × 30% $ 6,000

2006 $20,000 × 70% $ 14,000

2007 $20,000 × 100% $ 20,000 Less: Revenue recognized in prior years (0) (6,000) (14,000) Revenue for year $ 6,000 $ 8,000 $ 6,000

Therefore, the profit to be recognized each year on the construction project would be:

2005 2006 2007 Total

Revenue recognized $ 6,000 $ 8,000 $ 6,000 $ 20,000 Construction costs incurred (expenses) (5,400) (7,550) (5,850) (18,800) Gross profit for the year $ 600 $ 450 $ 150 $ 1,200

The following journal entries are used to record the transactions under the

percentage-of-completion method of revenue recognition:

2005 2006 2007

1. Costs of construction:

Construction in progress .................. 5,400 7,550 5,850 Cash, payables, etc. ..... 5,400 7,550 5,850 2. Progress billings:

Accounts receivable ............ 3,100 4,900 12,000 Progress billings ............ 3,100 4,900 12,000 3. Collections on billings:

Cash .................................... 2,400 4,000 12,400 Accounts receivable ...... 2,400 4,000 12,400 4. Recognition of profit:

Construction in progress ..... 600 450 150

Construction expense.......... 5,400 7,550 5,850 Revenue from long-term

contract ...................... 6,000 8,000 6,000 5. To close construction in progress:

Progress billings .................. 20,000 Construction in progress .20,000

2005 2006 2007

Balance sheet

Current assets:

Accounts receivable $ 700 $ 1,600 $ 1,200 Inventory:

Construction in process 6,000 14,000 Less: Progress billings (3,100) (8,000)

Costs in excess of billings 2,900 6,000

Income statement

Revenue from long-term contracts $ 6,000 $ 8,000 $ 6,000 Construction expense (5,400) (7,550) (5,850) Gross profit $ 600 $ 450 $ 150

a. The three criteria of revenue recognition are performance, measurability, and

collectibility.

Performance means that the seller or service provider has performed the work.

Depending on the nature of the product or service, performance may mean quite

different points of revenue recognition. For example, for the sale of products, IAS18 defines performance as the point when the seller of the goods has transferred the

risks and rewards of ownership to the buyer. Normally, this means that performance is done at the time of sale. Although the seller may have performed much of the work prior to the sale (production, selling efforts, etc.), there is still significant risk to the

seller that a buyer may not be found. Therefore, from a reliability point of view,

revenue recognition is delayed until the point of sale. Also, there may be significant risks remaining with the seller of the product even after the sale. Warranties given by the seller are a risk that remains with the seller. However, if this risk can be reliably estimated at the time of sale, revenue can be recognized at the point of sale.

Performance is quite different under a long-term construction contract. Here,

performance really is considered to be a measure of the work done. Revenue is

recognized over the production period as the work is performed. It is intended to

reflect the amount of effort expended by the seller (contractor). Although legal title

won’t transfer to the buyer until the project is completed, revenue can be recognized because there is a known and committed buyer. If the contractor is not able to

estimate how much of the work has been done (perhaps because he or she can’t

reliably estimate how much work must still be done), then profit would not be

recognized until the extent of performance is known.

Measurability means that the seller or service provider must be able to reliably

estimate the amount of the revenue from the sale or service. For the sale of products this is generally known at the time of sale (the sales price is set). However, if the seller provides a return period, it may be necessary to estimate the volume of returns at the time of sale in order to measure the revenue that will be recognized.

Collectibility means that the seller or the service provider has reasonable assurance that the sales price will actually be collected. In most cases for the sales of products, the seller is able to recognize revenue at the time of sale even if the sale is on account.

This is because the seller has experience with its customers and is able to estimate reliably the risk of non payment. As long as the seller is able to make this estimate, it is appropriate to recognize the revenue but to offset it with a provision for possible non collection. If the seller is unable to make reliable estimates of future collection of

amounts owing, the recognition of revenue would be delayed until the cash is actually received. This is what is done using the instalment sales method of revenue

recognition.

b. Because of the performance criterion of revenue recognition, it would seem to be

most appropriate to recognize most revenue as the seller or service provider performs the work. This would be the best measure of performance. This would mean, for example,

that sellers of products would recognize their revenue over the whole production, selling, and post sales servicing periods. As we saw above, this is not commonly done because,

in many cases, there are still significant risks that are retained by the seller (risk of not being able to sell the product, for example). There are also measurement risks (knowing

the selling price) that exist prior to the sale. The percentage-of-completion method of revenue used for some long-term construction contracts would seem to most closely recognize revenue as the work is performed. As mentioned in Part 1, we are able to recognize revenue on this basis since a contract exists which commits the purchaser to

buy the project (assuming certain conditions are met) and the sales price is known because of the existence of the contract.

If all revenue is recognized when a student registers for the course, profit for 2007 would be:

Sales Revenue1:

Manuals and initial lessons (200 × $100) $ 20,000 Additional lessons ((200 × 8) × $30) 48,000 Examinations ((200 × 80%) × $130) 20,800 Total sales revenue 88,800

Cost of sales:

Manuals and initial lessons (200 × ($15 + $3)) 3,600 Additional lessons ((200 × 8) × $3)) 4,800

Examinations ((200 × 80%) × $30) 4,800 Total cost of sales 13,200

Depreciation of development costs:

$180,000 × (200/1,000) 36,000

Profit $ 39,600

FINISH ENTERPRISES

Income Statement

for the year ending December 31, 2005

Continuing operations (excluding the chemical division)

Sales ($35,000,000 – $5,500,000) $ 29,500,000

Cost of sales ($15,000,000 – $2,800,000) (12,200,000)

Gross profit 17,300,000

Selling & administration expenses

($18,000,000 – $3,200,000) (14,800,000)

Profit from operations 2,500,000

Income tax expense (40%) 1,000,000

Profit after tax $ 1,500,000

Discontinuing operations (Chemical division)

Sales 5,500,000

Cost of sales (2,800,000)

Gross profit 2,700,000

Selling & administration expenses (3,200,000)

Loss from operations (500,000)

Income tax expense(40%) 200,000

Loss after tax (300,000) Gain on discontinuance of the Chemical division 3,500,000

Tax thereon (1,400,000)

After-tax gain on discontinuance of the Chemical division 2,100,000 Enterprise net profit $ 3,300,000

Chapter 8

Payment of account payable. operating

Issuance of preferred stock for cash. financing

Payment of cash dividend. financing

Sale of long-term investment. investing

Amortization of bond discount. no effect

Collection of account receivable. operating

Issuance of long-term note payable to borrow cash. financing Depreciation of equipment. no effect

Purchase of treasury stock. financing

Issuance of common stock for cash. financing

Purchase of long-term investment. investing

Payment of wages to employees. operating

Collection of cash interest. investing

Cash sale of land. Investing

Distribution of stock dividend. no effect

Acquisition of equipment by issuance of note payable. no effect Payment of long-term debt. financing

Acquisition of building by issuance of common stock. no effect Accrual of salary expense. no effect

(a) Cash received from customers = 816,000

(b) Cash payments for purchases of merchandise. =468,000

(d) Income taxes paid. =36,900

Cash sales …………………………………………... $9,000 Payment of accounts payable ……………………….-48,000 Payment of income tax ………………………………-13,000 Payment of interest ……………………………..…..-16,000 Collection of accounts receivable ……………………93,000 Payment of salaries and wages ……………………….. -34,000 Cash flows from operating activities

by the direct method -9,000

Operating activities:

Net loss -200,000 Add: loss on sale of land 250,000 Add: depreciation 300,000

Add: amortization of patents 20,000

Less: increases in current assets other than cash -750,000

Add: increases in current liabilities 180,000

Net cash flows from operating -200,000

Investing activities

Sale of land -50,000

Purchase of PPE -1,500,000

Net cash flows from investing -1,550,000

Financing activities

Issuance of common shares 400,000

Payment of cash dividend -50,000

Issuance of non-current liabilities 1,000,000

Net cash flows from financing 1,350,000 Net changes in cash -400,000 5.

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一、w o r d s a n d p h r a s e s 1.残值 scrip value 2.分期付款 installment 3.concern 企业 4.reversing entry 转回分录 5.找零 change 6.报销 turn over 7.past due 过期 8.inflation 通货膨胀 9.on account 赊账 10.miscellaneous expense 其他费用 11.charge 收费 12.汇票 draft 13.权益 equity 14.accrual basis 应计制15.retained earnings 留存收益 16.trad-in 易新，以旧换新 17.in transit 在途 18.collection 托收款项 19.资产 asset 20.proceeds 现值 21.报销 turn over 22.dishonor 拒付 23.utility expenses 水电费 24.outlay 花费 25.IOU 欠条 26.Going-concern concept 持续经营 27.运费 freight 二、M ultiple-choice question 1.Which of the following does not describe accounting? ( C ) A. Language of business B. Useful ofr decision making C. Is an end rathe than a means to an end. https://www.wendangku.net/doc/a32314391.html,ed by business, government, nonprofit organizations, and individuals. 2.An objective of financial reporting is to ( B ) A. Assess the adequacy of internal control. B.Provide information useful for investor decisions. C.Evaluate management results compared with standards. D.Provide information on compliance with established procedures. 3.Which of the following statements is(are) correct?( B ) A.Accumulated depreciation represents a cash fund being accumulated for the replacement of plant assets. B.A company may use different depreciation methods in its financial statements and its income tax return. C.The cost of a machine includes the cost of repairing damage to the machine during the installation process. D.The use of an accelerated depreciation method causes an asset to wear out more quickly than does use of the unit-of-product method. 4. Which of the following is(are) correct about a company’s balance sheet? ( B ) A.It displays sources and uses of cash for the period. B.It is an expansion of the basic accounting equation C.It is not sometimes referred to as a statement of financial position. D.It is unnecessary if both an income statement and statement of cash flows are availabe. 5.Objectives of financial reporting to external investors and creditors include preparing information about all of the following except. ( A ) https://www.wendangku.net/doc/a32314391.html,rmation used to determine which products to poduce https://www.wendangku.net/doc/a32314391.html,rmation about economic resources, claims to those resources, and changes in both resources and claims. https://www.wendangku.net/doc/a32314391.html,rmation that is useful in assessing the amount, timing, and uncertainty of future cash flows. https://www.wendangku.net/doc/a32314391.html,rmation that is useful in making ivestment and credit decisions. 6.Each of the following measures strengthens internal control over cash receipts except. ( C )

会计专业英语重点1

Unit 1 Financial information about a business is needed by many outsiders .These outsiders include owners, bankers, other creditors, potential investors, labor unions, government agencies ,and the public ,because all these groups have supplied money to the business or have some other interest in the business that will be served by information about its financial position and operating results. 许多企业外部的人士需要有关企业的财务信息，这些外部人员包括所有者、银行家、其他债权人、潜在投资者、工会、政府机构和公众，因为这些群体对企业投入了资金，或享有某些利益，所以必须得到企业财务状况和经营成果信息。 Unit 2 Each proprietorship, partnership, and corporation is a separate entity. 每一独资企业、合伙企业和股份公司都是一个单独的主体。 In accrual accounting, the impact of events on assets and equities is recognized on the accounting records in the time periods when services are rendered or utilized instead of when cash is received or disbursed. That is revenue is recognized as it is earned, and expenses are recognized as they are incurred –not when cash changes hands .if the cash basis accounting were used instead of the accrual basis, revenue and expense recognition would depend solely on the timing of various cash receipts and disbursements. 在权责发生制下，视服务的提供而非现金的收付在本期对资产和权益的影响作出会计记录。即，收入是在赚取时确认，费用是在发生时确认——而不是在现金转手时。如果现金收付制替代权责发生制，那么收入和费用仅仅依靠各种现金收付活动的时间确定来确认。 Unit 3 During each accounting year ,a sequence of accounting procedures called the accounting cycle is completed. 在每一会计年度内，要依次完成被称为会计循环的会计程序。 Transactions are analyzed on the basis of the business documents known as source documents and are recorded in either the general journal or the special journal, i. e . the sales journal ,the purchases journal (invoice register ) ,cash receipts journal and cash disbursements journal . 根据业务凭证即原始凭证分析各项交易，并记入普通日记账或特种日记账，也就是销货日记账，购货日记账（发票登记簿），现金收入日记账和现金支出日记账。 A trial balance is prepared from the account balance in the ledger to prove the equality of debits and credits. 根据分类账户的余额编制试算平衡表，借以验证借项和贷项是否相等。 A T-account has a left-hand side and a right-hand side, called respectively the debit side and credit side. 一个T 型账户有左方和右方，分别称做借方和贷方。 After transactions are entered ,account balance (the difference between the sum of its debits and the sum of its credits ) can be computed.

会计专业英语重点词汇大全

?accounting 会计、会计学 ?account 账户 ?account for / as 核算 ?certified public accountant / CPA 注册会计师?chief financial officer 财务总监?budgeting 预算 ?auditing 审计 ?agency 机构 ?fair value 公允价值 ?historical cost 历史成本?replacement cost 重置成本?reimbursement 偿还、补偿?executive 行政部门、行政人员?measure 计量 ?tax returns 纳税申报表 ?tax exempt 免税 ?director 懂事长 ?board of director 董事会 ?ethics of accounting 会计职业道德?integrity 诚信 ?competence 能力 ?business transaction 经济交易?account payee 转账支票?accounting data 会计数据、信息?accounting equation 会计等式?account title 会计科目 ?assets 资产 ?liabilities 负债 ?owners’ equity 所有者权益 ?revenue 收入 ?income 收益

?gains 利得 ?abnormal loss 非常损失 ?bookkeeping 账簿、簿记 ?double-entry system 复式记账法 ?tax bearer 纳税人 ?custom duties 关税 ?consumption tax 消费税 ?service fees earned 服务性收入 ?value added tax / VAT 增值税?enterprise income tax 企业所得税?individual income tax 个人所得税?withdrawal / withdrew 提款、撤资?balance 余额 ?mortgage 抵押 ?incur 产生、招致 ?apportion 分配、分摊 ?accounting cycle会计循环、会计周期?entry分录、记录 ?trial balance试算平衡?worksheet 工作草表、工作底稿?post reference / post .ref过账依据、过账参考?debit 借、借方 ?credit 贷、贷方、信用 ?summary/ explanation 摘要?insurance 保险 ?premium policy 保险单 ?current assets 流动资产 ?long-term assets 长期资产 ?property 财产、物资 ?cash / currency 货币资金、现金

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6. a ’s ? (1) (2) . (3) . (4) A (1), (2) (3) B (1), (2) (4) C (1), (3) (4) D (2), (3) (4) 7. 30 2010 : $992,640 $1,026,480 , , ? 1. $6,160 . 2. $27,680 a . 3. $6,160 a . 4. $21,520 . A 1 2 B 2 3 C 2 4 D 3 4 8. . (1) (2) (3) (4) ? A (1), (3) (4) B (1), (2) (4) C (1), (2) (3) D (2), (3) (4) ( = [])({ : "u3054369" }); 9. ? (1) , (2) a (3) , A. 2 3 B. C. 1 2 D. 3 10. ? (1)

会计专业英语翻译

. 1. Accounting first is an economic calculation. Economic calculation includes both static phenomenon on the economy's stock of the situation, including the situation of the period of dynamic flow, including both pre-calculated plan, but also after the actual calculation. Accounting is a typical example of economic calculation, calculation of economic calculation in addition to accounting, which includes statistical computing and business computing. 2. Accounting is an economic information systems. It would be a company dispersed into the business activities of a group of objective data, providing the company's performance, problems, and enterprise funds, labor, ownership, income, costs, profits， debt, and other information. Clearly, the accounting is to provide financial information-based economy information systems, business is the licensing of a points, thus accounting has been called "corporate language." 3. Accounting is an economic management.The accounting is social production develops to a certain stage of the product development and production is to meet the needs of the management, especially with the development of the commodity economy and the emergence of competition in the market through demand management on the economy activities strict control and supervision. At the same time, the content and form of accounting constantly improve and change, from a purely accounting, scores, mainly for accounting operations, external submit accounting statements, as in prior operating forecasts, decision-making, on the matter of economic activities control and supervision, in hindsight, check. Clearly, accounting whether past, present or future, it is people's economic management activities.

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《财会专业英语》期终试卷 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 II.Please find the best answers to the following questions. (25 Points) 1. Aftin Co. performs services on account when Aftin collects the account receivable A.assets increase B.assets do not change C.owner’s equity d ecreases 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

财务英语专业术语

流动资产CURRENT ASSETS：现金Cash on hand 银行存款Cash in bank 有价证券Marketable securitiea 应收票据Notes receivable 应收帐款Accounts receivable 坏帐准备Provision for bad debts 预付帐款Advances to suppliers 其他应收款Other receivables 待摊费用Deferred and prepaid expenses 存货Inventories 存货变现损失准备Provision for loss on realization of inventory 一年内到期的长期债券投资Long-term investments maturing within one year 其他流动资产Other current assets 长期投资Long-term in vestments 一年以上的应收款项Receivables collectable after one year 固定资产：FIXED ASSETS: 固定资产原价Fixed assets-cost 累计折旧Accumulated depreciation 固定资产净值Fixed assets-net value 固定资产清理Disposal of fixed assets 在建工程Construction in progress 无形资产INTANGIBLE ASSETS: 场地使用权Land occupancy right 工业产权及专有技术Proprietary technology and patents 其他无形资产Other intangibles assets 其他资产：OTHER ASSETS 开办费Organization expenses 筹建期间汇兑损失Exchange loss during start-up peried 递延投资损失Deferred loss on investments 递延税款借项Deferred taxes debit 其他递延支出Other deferred expenses 待转销汇兑损失Unamortized cxehange loss 流动负债CURRENT LIABILITIES: 短期借款Short term loans 应付票据Notes payable 应付帐款Accounts payable 应付工资Accrued payroll 应交税金Taxes payable 应付利润Dividends payable 预收货款Advances from customers 其他应付款Other payables

(完整版)会计专业英语词汇大全

一.专业术语 Accelerated Depreciation Method 计算折旧时，初期所提的折旧大于后期各年。加速折旧法主要包括余额递减折旧法 declining balance depreciation，双倍余额递减折旧法 double declining balance depreciation，年限总额折旧法 sum of the years' depreciation Account 科目，帐户 Account format 帐户式 Account payable 应付帐款 Account receivable 应收帐款 Accounting cycle 会计循环，指按顺序进行记录，归类，汇总和编表的全过程。在连续的会计期间周而复始的循环进行 Accounting equation 会计等式：资产= 负债+ 业主权益 Accounts receivable turnover 应收帐款周转率：一个时期的赊销净额/ 应收帐款平均余额 Accrual basis accounting 应记制，债权发生制：以应收应付为计算基础，以确定本期收益与费用的一种方式。凡应属本期的收益于费用，不论其款项是否以收付，均作为本期收益和费用处理。 Accrued dividend 应计股利 Accrued expense 应记费用：指本期已经发生而尚未支付的各项费用。 Accrued revenue 应记收入 Accumulated depreciation 累计折旧 Acid-test ratio 酸性试验比率，企业速动资产与流动负债的比率，又称quick ratio Acquisition cost 购置成本 Adjusted trial balance 调整后试算表，指已作调整分录但尚未作结账分录的试算表。 Adjusting entry 调整分录：在会计期末所做的分录，将会计期内因某些原因而未曾记录或未适当记录的会计事项予以记录入帐。 Adverse 应收帐款的帐龄分类 Aging of accounts receivable 应收帐款的帐龄分类 Allocable 应分配的 Allowance for bad debts 备抵坏帐 Allowance for depreciation 备抵折旧 Allowance for doubtful accounts 呆帐备抵 Allowance for uncollectible accounts 呆帐备抵 Allowance method 备抵法：用备抵帐户作为各项资产帐户的抵销帐户，以使交易的费用与收入相互配合的方法。 Amortization 摊销,清偿 Annuity due 期初年金 Annuity method 年金法 Appraisal method 估价法 Asset 资产 Bad debt 坏帐 Bad debt expense 坏帐费用：将坏帐传人费用帐户，冲销应收帐款 Balance sheet 资产负债表 Bank discount 银行贴现折价 Bank reconciliation 银行往来调节：企业自身的存款帐户余额和银行对帐单的余额不符时，应对未达帐进行调节。 Bank statement 银行对帐单，银行每月寄给活期存款客户的对帐单，列明存款兑现支票和服务费用。

会计英语试卷A

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螆1 If a journal entry increases an expense account, the other part of the entry might ______ . 螅A in crease an asset acco unt B decrease the own er's equity acco unt 羂C decrease a liability acco unt D in crease a liability acco unt 罿2 Wang, Li and Lin are partners and each has a capital account of 90000yuan. Wang sells her interest to Chen for 125000yuan, the payment going to Wang personally. Chen is accepted as a partner by Li and Lin. Recording this transaction would: _______ 葿A cause no cha nge in the capital acco unts of Li and Lin 蒅B require the goodwill to be recog ni zed in the acco unts of the partn ership 羃C cause Chen to acquire a capital acco unt of 125000 Yuan. 莂D cause an in crease in the capital acco unts of Li and Lin 衿3 Which is the disadvantage of the corporation? _______ 芆A separate legal en tity B double taxati on 螁C no personal liability D professional management 蒀4. The purchase of office supplies on account will ______ 芈A. increase an asset and the owner ' s equity. 羆B. increase one asset and decrease another asset 袂C. increase an asset and liability 蕿D. increase an asset and decrease a liability 蚇5. A business has cash 40000,supplies 5000,account receivables 85000,inventory 10000 and liabilities of $60000. How much is its owner ' s equity? ________ 蚆A. $80000 B. $0 C.$20000 D.$140000 袄6. A transaction caused a $10000 decrease in both total assets and liabilities. This transaction could have been ________

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