[金融英语考试密押资料]金融英语中级会计学模拟1

金融英语考试密押资料金融英语中级会计学模拟1金融英语考试密押资料金融英语中级会计学模拟1金融英语中级会计学模拟1SECTION ONE Answer all questions in this section. Question 1 Read the following statements and state whether they are True (T) or False (F). For all false statements, you are required to write the correct statements. Write all answers on the answer sheets. 问题:1. In times of rising prices, the LIFO method of inventory valuation is more prudent than the FIFO method.答案:A问题:2. In order to prepare an income and expenditure account, a club will follow all the basic rules for preparing a profit and loss account.答案:A问题:3. A foremans salary is a direct cost with respect to the departments individual products.答案:BA foremans salary is an indirect cost with respect to the departments individual products.问题:4. When factory has spare capacity, the fixed costs are relevant in respect to the additional order.答案:BWhen factory has spare capacity, the fixed costs are irrelevant in respect to the additional order.问题:5. In order to lower breakeven point in unit, business should increase its fixed costs.答案:BIn order to lower breakeven point in unit, business should decrease its fixed costs.问题:6. When the percentage of sales method is used, the estimated bad debt expenses should be adjusted by the existing balance of doubtful debt provision.答案:BWhen the percentage of debtors method is used, the estimated bad debt expenses should be adjusted by the existing balance of doubtful debt provision.Question 2 Read the following statements / questions and choose the correct answers by writing the alphabetical letter on the answer sheets. 问题:1. Which one is not included in the financial statement footnote? a.changes in accounting estimates.b.accounting methods used in preparing the financial statement.c.contingent liabilities can not be, reasonably estimated.d.debtors which happened before the balance sheet date are collected between the balance sheet date and the issue of statement for that year.答案:D问题:2. If a trade debtor of 20,000 has been wrongly posted to the credit of the trade creditor, but has been correctly entered in the buyers account, the total of the trial balance would show _. a.the credit side to be 20,000 more than the debit sideb.the debit side to be 20,000 more than the credit sidec.the credit side to be 40,000 mom than the debit sided.the debit side to be 40,000 more than the credit side答案:C问题:3. A manufacturer has file following figure for the products: Product A Product B Product C Product D Unit contribution 70 40 20 50 Units produced under constraints 1,000 units 1,200 units 2,000 units 1,250 units The opportunity cost which to produce product D instead of product C is _. a.48,000b.40,000c.62,500d.22,500答案:D问题:4. A manufacturer has the following figure for the product A Original Data Increase Variable Cost to 15 Unit selling 30 30 Unit variable cost 10 15 Fixed cost 3,000 3,000 Budget selling units 300 300 Margin of safety is _. a.increase 50 unitsb.increase 100 unitsc.decrease 50 unitsd.decrease 100 units答案:C问题:5. A business has the following figures for the year ended 31 December 2000 Stock at beginning of period 85,000 Stock at the end of period 90,000 Purchases 300,000 Purchases return 25,000 Cost of goods sold is _. a.295,000b.270,000c.305,000d.280,000答案:B问题:6. Revenue Expenditure is the expenditure _. a.relating to the acquisition of fixed assetsb.relating to the issue of bondc.relating to converting a partnership into a limited companyd.on wages of staff答案:D问题:7. The accounting concept or convention, which, stock be reported at the lower of cost or market price, is the _. a.going concern conceptb.prudence conceptc.realization conceptd.historical cost concept答案:B问题:8. Retained Earnings is most appropriately classified as _. a.a fixed assetb.an intangible assetc.shareholders equityd.a fictitious Iiability答案:C问题:9. An asset that was acquired at a cost of 110,000 on 1 January Year 1, has an estimated scrap value of 10,000 and an estimated useful life of 4 years, the annual depreciation in Year 3 that is calculated using the sum-of-the-