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会计英语课后习题参考答案

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

Cash1,800

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 expense600

Prepaid advertising 600

Insurance expense (2160/12*2)360

Prepaid insurance360

Unearned revenue2,100

Service revenue2,100

Consultant expense900

Prepaid consultant900

Unearned revenue3,000

Service revenue3,000 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

Interest expense

Cr: Notes receivable 5400

June 6 Dr: Accounts receivable—A company 5533

Cr: Cash 5533

18 Dr: Cash

Cr: Accounts receivable—A company 5533

Interest revenue

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*=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) 208 Deferred income tax is a liability 2,400 Income tax payable 21,600

209 Deferred income tax is an asset 600

Income tax payable 26,100

(2) 208: Dr: Tax expense 24,000

Cr: Income tax payable 21,600 Deferred income tax 2,400 209: Dr: Tax expense 25,500

Deferred income tax 600

Cr: Income tax payable 26,100 (3) 208: Income statement: tax expense 24,000

Balance sheet: income tax payable 21,600 209: Income statement: tax expense 25,500

Balance sheet: income tax payable 26,100

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

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

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.

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

Cash 24,000

Retained Earnings 80,000

Dividends Payable—Common Stock 80,000

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

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 , 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

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 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 b e

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 Exami nations ((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

$ 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

Payme nt 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

会计专业英语模拟试题及答案

《会计专业英语》模拟试题及答案一、单选题（每题1分，共 20分） 1. Which of the following statements about accounting concepts or assumptions are correct? 1） The money measurement assumption is that items in accounts are initially measured at their historical cost. 2） In order to achieve comparability it may sometimes be necessary to override the prudence concept. 3） To facilitate comparisons between different entities it is helpful if accounting policies and changes in them are disclosed. 4） To comply with the law, the legal form of a transaction must always be reflected in financial statements. A 1 and 3 B 1 and 4 C 3 only D 2 and 3 Johnny had receivables of $5 500 at the start of 2010. During the year to 31 Dec 2010 he makes credit sales of $55 000 and receives cash of $46 500 from credit customers. What is the balance on the accounts receivables at 31 Dec 2010? $8 500 Dr $8 500 Cr $14 000 Dr $14 000 Cr Should dividends paid appear on the face of a company’s cash flow statement? Yes No Not sure Either Which of the following inventory valuation methods is likely to lead to the highest figure for closing inventory at a time when prices are dropping? Weighted Average cost First in first out (FIFO) Last in first out (LIFO) Unit cost 5. Which of following items may appear as non-current assets in a company’s the statement of financial position? (1) plant, equipment, and property (2) company car (3) €4000 cash (4) €1000 cheque A. (1), (3)

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.

会计英语翻译

A business that is owned and controlled by one person is considered to be a sole trader. This form of business ownership is simple and generally inexpensive. The owner of a sole trader is entitled to make all the decisions in the organization and retain all the profits. A partnership is an organization where two or more person (partners) own and control a business. In a partnership, it is normal for each partner to have unlimited liability for debits of the business. In addition, partnerships have a limited life, and can be dissolved on the death or retirement of a partner. A corporation is a business that is organized as a separate legal entity under the law. Corporations are owned by shareholders who contribute to the capital of the business by buying shares in the corporation. The shareholders are not personally liable for(对……有责任) the debits of the corporation. In most corporations, control of the affairs of the corporation is maintained by a board of directors who are elected by shareholders. A business that is owned and controlled by one person is considered to be a sole trader. This form of business ownership is simple and generally inexpensive.一人拥有和控制的企业被称为个人独资企业。这种企业形式比较简单，而且通常投资额较小。The owner of a sole trader is entitled to make all the decisions in the organization and retain all the profits.个人独资企业的所有者对企业内所有的事务制定决策并拥有企业的全部利润。A partnership is an organization where two or more person (partners) own and control a business. In a partnership, it is normal for each partner to have unlimited liability for debits of the business. In addition, partnerships have a limited life, and can be dissolved on the death or retirement of a partner.合伙企业是由两个或以上的人（合伙人）共同拥有和控制的企业组织形式。一般在合伙企业中，每个合伙人对企业债务都承担无限责任。同时，合伙企业的寿命也是有限的，企业可能因为某个合伙人死亡或退休而终止。 A corporation is a business that is organized as a separate legal entity under the law.公司是依照法律规定成立的独立法人组织。Corporations are owned by shareholders who contribute to the capital of the business by buying shares in the corporation. 公司由股东拥有，股东通过购买公司的股份为公司提供资本。The shareholders are not personally liable for the debits of the corporation. In most corporations, control of the affairs of the corporation is maintained by a board of directors who are elected by shareholders. 股东个人对公司的债务不承担无限责任。大多数公司的经营业务由股东选出的董事会实施控制。

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会计英语试题及答案会计专业英语是会计专业人员职业发展的必要工具。学习会计专业英语就是学习如何借助英语解决与完成会计实务中涉外的专业性问题和任务。以下为你收集了会计英语练习题及答案，希望给你带来一些参考的作用。一、单选题 1. ? 1） . 2） . 3） . 4） , a . A 1 3 B 1 4 C 3 D 2 3 2. $5 500 2010. 31 2010 $55 000 $46 500 . 31 2010? A. $8 500 B. $8 500 C. $14 000 D. $14 000 3. a ’s ? A. B. C. D. 4. a ? A. B. () C. () D. 5. a ’s ? (1) , , (2) (3) 4000 (4) 1000 A. (1), (3) B. (1), (2) C. (2), (3) D. (2), (4)

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)

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?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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会计方面专业术语的xx acceptance承兑 account账户 accountant会计员 accounting会计 accounting system会计制度 accounts payable应付账款 accounts receivable应收账款 accumulated profits累积利益 adjusting entry调整记录 adjustment调整 administration expense管理费用 advances预付 advertising expense广告费 agency代理 agent代理人 agreementxx allotments分配数 allowance津贴 amalgamation合并 amortization摊销

amortized cost应摊成本 annuities年金 applied cost已分配成本 applied expense已分配费用 applied manufacturing expense己分配制造费用apportioned charge摊派费用 appreciation涨价 article of association公司章程 assessment课税 assets资产 attorney fee律师费 audit审计 auditor审计员 average平均数 average cost平均成本 bad debt坏账 balance余额 balance sheet资产负债表 bank account银行账户 bank balance银行结存 bank charge银行手续费

bank deposit银行存款 bank discount银行贴现bank draft银行汇票 bank loan银行借款 bank overdraft银行透支bankers acceptance银行承兑bankruptcy破产 bearer持票人 beneficiary受益人 bequest遗产 bill票据 bill of exchange汇票 bill of lading提单 bills discounted贴现票据bills payable应付票据 bills receivable应收票据board of directors董事会bonds债券 bonus红利 book value账面价值bookkeeper簿记员

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会计方面专业术语的英文翻译 acceptance 承兑 account 账户 accountant 会计员 accounting 会计 accounting system 会计制度 accounts payable 应付账款 accounts receivable 应收账款 accumulated profits 累积利益 adjusting entry 调整记录 adjustment 调整 administration expense 管理费用 advances 预付 advertising expense 广告费 agency 代理 agent 代理人 agreement 契约 allotments 分配数 allowance 津贴 amalgamation 合并 amortization 摊销 amortized cost 应摊成本 annuities 年金 applied cost 已分配成本 applied expense 已分配费用 applied manufacturing expense 己分配制造费用apportioned charge 摊派费用 appreciation 涨价 article of association 公司章程 assessment 课税 assets 资产 attorney fee 律师费 audit 审计 auditor 审计员 average 平均数 average cost 平均成本 bad debt 坏账 balance 余额

balance sheet 资产负债表 bank account 银行账户 bank balance 银行结存 bank charge 银行手续费 bank deposit 银行存款 bank discount 银行贴现 bank draft 银行汇票 bank loan 银行借款 bank overdraft 银行透支 bankers acceptance 银行承兑 bankruptcy 破产 bearer 持票人 beneficiary 受益人 bequest 遗产 bill 票据 bill of exchange 汇票 bill of lading 提单 bills discounted 贴现票据 bills payable 应付票据 bills receivable 应收票据 board of directors 董事会 bonds 债券 bonus 红利 book value 账面价值 bookkeeper 簿记员 bookkeeping 簿记 branch office general ledger 支店往来账户broker 经纪人 brought down 接前 brought forward 接上页 budget 预算 by-product 副产品 by-product sales 副产品销售 capital 股本 capital income 资本收益 capital outlay 资本支出 capital stock 股本 capital stock certificate 股票 carried down 移后 carried forward 移下页 cash 现金 cash account 现金账户 cash in bank 存银行现金 cash on delivery 交货收款

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会计英语114章术语翻译(仅供参考不足之处望批评指正)

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的收益于用度，不管其款项是否以收付，均作为本期收益和用度处理。 Accrued dividend 应计股利 Accrued expense 应记用度：指本期已经产生而尚未支付的各项用度。 Accrued revenue 应记收入 Accumulated depreciation 累计折旧 Acidtest ratio 酸性试验比率，企业速动资产与流动欠债的比率，又称quick ratio Acquisition cost 购置本钱 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 应分派的 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