1、金融英语中级会计学汇总真题一及答案解析(总分：120.50，做题时间：120 分钟)一、SECTION ONE (Compuls(总题数：7，分数：10.50)1.A “Carriage Outwards” account normally has a debit balance. （分数：1.50）_2.“Long Term Investment” is an item of shareholders fund. （分数：1.50）_3.“Cash basis accounting” means that accounts only record items which have reali
2、zable values in cash. （分数：1.50）_4.A “Purchases” account records only items which were bought for resale. （分数：1.50）_5.“Share Premium” is a capital profit. （分数：1.50）_6.A “quick ratio” tests the liquidity of a business. （分数：1.50）_7.A variable cost is a cost which changes according to market conditions.
3、 （分数：1.50）_二、Question 2 (Total: 1(总题数：10，分数：10.00)8.A “relevant cost” is （分数：1.00）A.a cost which has been paidB.a future cost which is associated with the decision at hand.C.a future cost which must be incurred if a firm is to continue in business.D.a fixed cost in a project9.Provision for doubtful
4、debts is （分数：1.00）A.an account recording all debts which are doubtful in collection.B.a current liability.C.a current asset.D.a reduction in the value of an asset.10.A cash flow statement （分数：1.00）A.shows the amounts of money in cash, or near cash form, received and paid out by a firm from trading d
5、uring a period.B.shows the amounts of money in cash, or near cash form, received and paid out by a firm from all activities during a period.C.shows the change in financial positions of a firm during a period.D.shows a firms cash transactions during a period.11.A sole traders capital at a particular
6、date equals （分数：1.00）A.the amount of cash he has in the business.B.his net assets at cost in the business.C.all his assets in the business at realizable values.D.all his assets at book values in the business less all liabilities of the business.12.A balance sheet shows （分数：1.00）A.all assets of a fir
7、m at market values and all its liabilities at a particular date.B.all known assets and all known liabilities and capital of a firm at a particular date.C.estimated values of all assets, capital and liabilities of a firm at a particular date.D.all assets, all liabilities and proprietors fund at book
8、values of a firm at a particular date.13.A “liquid asset” means （分数：1.00）A.an asset in cash or readily convertible to cash.B.an asset which has not a physical form.C.an investment which is realizable at any time.D.a current asset other than trading stock14. A machine bought for resale is （分数：1.00）A.
9、a capital expenditureB.a trading stock itemC.a fixed assetD.a production cost15.A “break-even” sales volume means （分数：1.00）A.a sale volume which will produce no profit or lossB.a minimum sales volume which will produce the target profit.C.a sales volume which is very close to budget.D.a sales volume
10、 which is below the break-even point.16.A pidend paid by a company is （分数：1.00）A.an appropriation of profits.B.a capital expenditure.C.a revenue expenditure.D.a return on capital17.Capital profits mean （分数：1.00）A.profits derived from the use of capitalB.profits derived from the use of fixed assets.C
11、.returns on capital.D.profits from disposal of fixed assets.三、Question 3 (Total: 1(总题数：1，分数：10.00)18.$000 Stocks at 1 Jan 01: Raw materials 20 Work in progress 10 Finished goods 25 Wages paid to production workers 60 Raw materials bought in year 150 Factory administration expenses 12 Depreciation of
12、 production machinery 15 Further information: Closing stocks at 31 Dec 01: Raw materials 18 Work in progress 3 Finished goods 30 Required: Prepare a manufacturing account in good form for the business. （分数：10.00）_四、Question 4 (Total: 1(总题数：1，分数：10.00)The following are the account balances of a limit
13、ed company as at 31 December 2001: $,000 $,000 Ordinary share capital 600 10% Preferential share capital 400 share premium on Ordinary shares 300 Retained profits 500 Debentures (due 30 June 2002 ) 1,300 Plant and machinery 1,700 Provision for depreciation of plant and machinery 600 Dividends declar
14、ed: Preferential 40 Ordinary 10 Trade creditors 700 Trade debtors 1,200 Provision for doubtful debts 80 Office expenses due but unpaid 20 Investments income receivable 30 Investments in associated companies 920 Trading stock 700 _ 4,500 4,500 Net profit for the year, after deducting profits tax $30,
15、000 and interest payments $23,000, was $220,000. Required: Calculate the following accounting ratios for the company: （分数：10.00）(1).Current ratio (2 marks) （分数：2.50）_(2).Quick ratio (2 marks) （分数：2.50）_(3).Return on investment (or assets) (3 marks) （分数：2.50）_(4).Return on equity (3 marks)（分数：2.50）_五
16、、Question 5 (Total: 1(总题数：1，分数：10.00)X and Y were trading in partnership sharing profits and losses in the ratio of 1:1. They agreed to accept Z as a new partner. The new profit and loss sharing ratio among X, Y and Z would be 2:2:1. The capital account balances of X and Y were $100,000 (Cr) respect
17、ively. Z was to contribute $50,000 cash as his capital and also contribute $200,000 cash to the business as consideration for his share of the goodwill of the partnership. （分数：10.00）(1).Prepare a statement showing the sharing of the goodwill between the old partners and among the new partners. (5 ma
18、rks)（分数：5.00）_(2).Make journal entries for Zs contributions assuming that no goodwill account is to be raised. (5 marks)（分数：5.00）_六、Question 6 (Total: 1(总题数：1，分数：10.00)On 1 May 2002 the cash book of a business showed a bank balance of $7,712 (Dr) but the bank statement of the same date showed a cred
19、it balance of $10,912. After checking the records, the following information was found: 1. Cheque received in the amount of $1,000 has been recorded in the cash book but has not been banked. 2. Cheque in the sum $4,360 has been drawn and sent out but it has not been presented to the bank for payment
20、. 3. A cheque for $960 was banked but was subsequently returned by the bank marked “Insufficient fund”. No entry has been made for this in the cash book. 4. Interest $200 has been charged by the bank but no entry has been made in the cash book. 5. A cheque for $3,700 from a customer has been incorre
21、ctly entered in the cash book as $2,700. It was correctly recorded by the bank. Required: （分数：10.00）(1).Make adjusting entries in the cash book to show the correct balance. （分数：5.00）_(2).Prepare a bank reconciliation statement from the correct cash book balance to the balance in the bank statement.
22、（分数：5.00）_七、SECTION TWO Answer a(总题数：3，分数：60.00)Question 7 (Total: 20 marks) The book of Delta Ltd as at 31 December 2001 showed the following balances: $ Ordinary share capital ($1 per share) 3,000,000 8% Preferential Share capital ($1 per share) 300,000 Retained earnings at 1 Jan 2001 62,000 Plant
23、 and machinery at cost 6,000,000 Provision for depreciation of plant and machinery 2,400,000 Sales 8,000,000 Purchases 4,500,000 Discounts received from suppliers 200,000 Trading stock at 1 Jan 2001 500,000 Trade debtors 600,000 Bad debts written off 40,000 Provision for doubtful debts at 1 Jan 2001
24、 30,000 Trade creditors 200,000 Auditors fees 90,000 Salaries and wages 700,000 Rents and rates 1,200,000 General expenses 500,000 Interim Preferential dividend paid 12,000 Cash 50,000 Additional informations （分数：20.00）(1).Trading stock at 31 December 2001 was $700,000 （分数：4.00）_(2).A dividend of 2
25、cents per share on the Ordinary Shares and a final dividend of 4% on the Preferential Shares had been declared but had not been accounted for. （分数：4.00）_(3).20% depreciation using the straight line method should be provided for the plant and machinery. （分数：4.00）_(4).Provision for doubtful debts at 3
26、% of the trade debtors should be made. （分数：4.00）_(5).Corporate tax rate at 16% should be provided for in the accounts. Required: Prepare a Trading and Profit and Loss Account for the company for the year ended 31 December 2001 and a Balance Sheet of the company as at that date. （分数：4.00）_19.Question
27、 8 (Total: 20 marks) Mr Lee is a sole trader. He does not know accounting and he only keeps records of cash receipts and payments. The following is a statement of a receipts and payments of his business for the year ended 31.12 .01: $ $ Cash in hand 1.1.01 50,400 Payments for goods 1,131,000 Sales r
28、eceipts 1,569,000 Transport expenses 87,000 Cash put in by Mr Lee 26,000 Rents and rates 38,100 Loan from Mr Wong 200,000 Wages paid to office assistants 60,000 Drawings by Mr Lee 120,000 Purchase of equipment 400,000 _ Balance at 31.12.01 9,300 1,845,400 1,845,400 Further information: (a) The loan
29、from Mr Wong was received on 1.1.01 . Interest payable is 10% p.a. (b) The equipment was purchased on 1.1.01. Estimated life is 5 years with no residue value. Depreciation should be provided for it on the straight line mrthod. (c) The assets and liabilities of Mr Lee were as follows: 1.1.01 31.12.01
30、 $ $ Stock in trade at cost 150,000 240,000 Trade debtors 138,000 200,000 Trade creditors 100,000 120,000 Equipment at cost _ 400,000 Cash balance 50,400 9,300 Required: Prepare a Trading and Profit and Loss Account for Mr Lee for the year ended 31.1.01 and a Balance Sheet as at that date. （分数：20.00
31、）_20.Question 9 (Total: 20 marks) X and Y are in partnership sharing profits and losses in the ratio 3:2. They agree to draw interest on their capital at 8% p.a.; an annual salary to Y of $50,000; and interest on drawings at 10% p.a.; and to allow interest on loans from partners at p.a. The capitals
32、 of the partners are to be kept intact. The financial information of the partnership as at 31 january 2001 disclosed the following: $ $ Capital : X 1,000,000 Y 600,000 1600,000 Current Accounts : X 52,600 Cr Y 10,420 Cr 63,020 Loan from X 300,000 Net capital employed 1,963,020 The partners took draw
33、ings on 1 July 01: X $60,000; Y $ 30,000 Net trading profit for the year ended 31 December 2001 before interest and salaries to partners was $ 250,000. Required: Prepare an Appropriation Account or Statement and the partners Current Accounts for the year.（分数：20.00）_金融英语中级会计学汇总真题一答案解析(总分：120.50，做题时间：
34、120 分钟)一、SECTION ONE (Compuls(总题数：7，分数：10.50)1.A “Carriage Outwards” account normally has a debit balance. （分数：1.50）_正确答案：()解析：2.“Long Term Investment” is an item of shareholders fund. （分数：1.50）_正确答案：()解析：3.“Cash basis accounting” means that accounts only record items which have realizable values in
35、 cash. （分数：1.50）_正确答案：()解析：4.A “Purchases” account records only items which were bought for resale. （分数：1.50）_正确答案：()解析：5.“Share Premium” is a capital profit. （分数：1.50）_正确答案：()解析：6.A “quick ratio” tests the liquidity of a business. （分数：1.50）_正确答案：()解析：7.A variable cost is a cost which changes accord
36、ing to market conditions. （分数：1.50）_正确答案：()解析：二、Question 2 (Total: 1(总题数：10，分数：10.00)8.A “relevant cost” is （分数：1.00）A.a cost which has been paidB.a future cost which is associated with the decision at hand.C.a future cost which must be incurred if a firm is to continue in business.D.a fixed cost in
37、 a project解析：9.Provision for doubtful debts is （分数：1.00）A.an account recording all debts which are doubtful in collection.B.a current liability.C.a current asset.D.a reduction in the value of an asset.解析：10.A cash flow statement （分数：1.00）A.shows the amounts of money in cash, or near cash form, recei
38、ved and paid out by a firm from trading during a period.B.shows the amounts of money in cash, or near cash form, received and paid out by a firm from all activities during a period.C.shows the change in financial positions of a firm during a period.D.shows a firms cash transactions during a period.解
39、析：11.A sole traders capital at a particular date equals （分数：1.00）A.the amount of cash he has in the business.B.his net assets at cost in the business.C.all his assets in the business at realizable values.D.all his assets at book values in the business less all liabilities of the business.解析：12.A bal
40、ance sheet shows （分数：1.00）A.all assets of a firm at market values and all its liabilities at a particular date.B.all known assets and all known liabilities and capital of a firm at a particular date.C.estimated values of all assets, capital and liabilities of a firm at a particular date.D.all assets
41、, all liabilities and proprietors fund at book values of a firm at a particular date.解析：13.A “liquid asset” means （分数：1.00）A.an asset in cash or readily convertible to cash.B.an asset which has not a physical form.C.an investment which is realizable at any time.D.a current asset other than trading stock解析：
