金融英语证书考试：会计真题试题

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1、金融英语证书考试：会计真题试题　　SECTIONONE(Compulsory)Answerallsixquestionsinthissection.Eachquestioncarries10marks.　　Question1(Total:10marks)ReadandstatewhetherthefollowingstatementareTURE(T)orFALSE(F).Forfalsestatementsyouarerequiredtocorrectedstatements.Writeallanswersontheanswershe

2、ets.　　A“CarriageOutwards”accountnormallyhasadebitbalance.　　“LongTermInvestment”isanitemofshareholders’fund.　　“Cashbasisaccounting”meansthataccountsonlyrecorditemswhichhaverealizablevaluesincash.　　A“Purchases”accountrecordsonlyitemswhichwereboughtforresale.　　“SharePremium

3、”isacapitalprofit.　A“quickratio”teststheliquidityofabusiness.　　Avariablecostisacostwhichchangesaccordingtomarketconditions.　　Question2(Total:10marks)Readthefollowingstatementsandchoosethecorrectanswersbywritingthealphabeticalletterontheanswersheets.　　A“relevantcost”is　　(

4、a)acostwhichhasbeenpaid　　(b)afuturecostwhichisassociatedwiththedecisionathand.　　(c)afuturecostwhichmustbeincurredifafirmistocontinueinbusiness.　　(d)afixedcostinaproject　　Provisionfordoubtfuldebtsis　　(a)anaccountrecordingalldebtswhicharedoubtfulincollection.　　?(b)acurrent

5、liability.　　(c)acurrentasset.　　(d)areductioninthevalueofanasset.　　Acashflowstatement　　(a)showstheamountsofmoneyincash,ornearcashform,receivedandpaidoutbyafirmfromtradingduringaperiod.　　(b)showstheamountsofmoneyincash,ornearcashform,receivedandpaidoutbyafirmfromallactivit

6、iesduringaperiod.　　(c)showsthechangeinfinancialpositionsofafirmduringaperiod.　　(d)showsafirm’scashtransactionsduringaperiod.　　Asoletrader’scapitalataparticulardateequals　　(a)theamountofcashhehasinthebusiness.　　(b)hisnetassetsatcostinthebusiness.　　?(c)allhisassetsinthebus

7、inessatrealizablevalues.　　(d)allhisassetsatbookvaluesinthebusinesslessallliabilitiesofthebusiness.　　Abalancesheetshows　　(a)allassetsofafirmatmarketvaluesandallitsliabilitiesataparticulardate.　　(b)allknownassetsandallknownliabilitiesandcapitalofafirmataparticulardate.　　(c

8、)estimatedvaluesofallassets,capitalandliabilitiesofafirmataparticulardate.　　(d)allassets,allliabilities