首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Read this text taken from an article about Accounting. Choose the best sentence to fill each of the gaps. For each gap 9—14, mar
Read this text taken from an article about Accounting. Choose the best sentence to fill each of the gaps. For each gap 9—14, mar
admin
2013-08-22
68
问题
Read this text taken from an article about Accounting.
Choose the best sentence to fill each of the gaps.
For each gap 9—14, mark one letter(A—H)on your Answer Sheet.
Do not use any letter more than once.
There is an example at the beginning, (0).
Accounting is the process of systematically collecting, analyzing, and reporting financial information.(0)______H . A private accountant is employed by a specific organization to operate its accounting system and to interpret accounting information. A public accountant performs these functions for various individuals, or firms, on a professional-fee basis.(9)______
The accounting process is based on the accounting equation:Assets = liabilities + owners’equity.(10)______. There are five steps in the accounting process: 1)Source documents are analyzed to determine which accounts they affect. 2)Each transaction is recorded in a journal. 3)Each journal entry is posted in the appropriate general ledger accounts. 4)At the end of each accounting period, a trial balance is prepared to make sure that the accounting equation is in balance at the end of the period. 5)Financial Statements are prepared from the trial balance.(11)______. A new accounting cycle is then begun for the next accounting period.
The balance sheet, or statement of financial position, is a summary of a firm’s assets, liabilities, and owners’ equity accounts at a particular time.(12)______. On the balance sheet, assets are categorized as current(convertible to cash in a year or less), fixed(to be used or held for more than one year), or intangible(valuable solely because of the rights or advantages they confer).(13)______. For a sole proprietorship or partnership, owner’s equity is reported by the owner’s name in the last section of the balance sheet. For a corporation, the value of common stock, preferred stock, and retained earnings is reported in the owners’ equity section.
An income statement is a summary of a firm’s financial operations during a specified accounting period.(14)______. Operating expenses are then deducted to compute net income from operations. Finally, non-operating expenses and income taxes are deducted to obtain the firm’s net income after taxes.
The information contained in these two financial statements becomes more meaningful when it is compared with corresponding information for previous years, for competitors, and for the industry in which the firm operates.
A On the income statement, the company’s gloss profit on sales is computed by subtracting the cost of goods sold from net sales.
B These ratios provide a picture of the firm’s profitability, its short-term financial position, its activity in the area of accounts receivable and inventory, and its long-term debt financing.
C Similarly, current liabilities are those that are to be repaid in one year or less, and long-term liabilities are debts that will not be repaid for at least one year.
D Double-entry bookkeeping ensures that the balance shown by the equation is maintained.
E This statement must demonstrate that the equation is in balance.
F Accounting information is used primarily by management, but it is also demanded by creditors, suppliers, stockholders, and government agencies.
G Once statements are prepared, the books are closed.
H Bookkeeping is essentially record-keeping which is part of the overall accounting process.
选项
答案
G
解析
转载请注明原文地址:https://kaotiyun.com/show/037d777K
本试题收录于:
BEC高级阅读题库BEC商务英语分类
0
BEC高级阅读
BEC商务英语
相关试题推荐
Theinterlocutorasksyouquestionsonanumberofwork-relatedandnonwork-relatedsubjects.(Thecandidatechoosesonetop
Inthispartofthetest,youareaskedtogiveashorttalkonabusinesstopic.Youhavetochooseoneofthetopicsfromthe
Askingquestions询问
Answer回答
Theinterlocutorasksyouquestionsonanumberofwork-relatedandnonwork-relatedsubjects.
Theinterlocutorasksyouquestionsonanumberofwork-relatedandnonwork-relatedsubjects.
TASKONE—ADVANTAGE•Forquestions13—17,matchtheextractswiththeadvantages,listedA—H.•Foreachextract,choosetheadv
•Readthetextbelowaboutthelogistics.•Inmostofthelines41-52thereisoneextraword.Itiseithergrammaticallyinco
•Readthetextbelowaboutthelogistics.•Inmostofthelines41-52thereisoneextraword.Itiseithergrammaticallyinco
•Readthetextbelowaboutthelogistics.•Inmostofthelines41-52thereisoneextraword.Itiseithergrammaticallyinco
随机试题
柴油机电控系统是由哪些部分组成的?
Theageofgildedyouthisover.Today’sunderthirtiesarethefirstgenerationforacenturywhocanexpectalowerlivingsta
下列各项中,可使肺顺应性减小的因素有
善清肝热的药为
病毒入侵机体后,最先产生的有免疫调节作用的物质是
居住于A市B区的甲在位于C市D区的网吧上网玩游戏“今晚吃鸡”时与同去的伙伴乙发生口角。乙离去后甲大为不满,于是便通过网吧的网络散布了大量对于居住于E市F区的乙的恶意诋毁言语,对乙的名誉造成巨大损害。现乙欲就甲的网络侵权行为提起诉讼,对于本案具有管辖权的法院
下列各种土地使用权的取得方式中,属于有偿取得的方式的是()。
生命中最主要的物质基础是()。
工业革命期间,有两种植物的病害在污染严重的英国工业城市消失了,一种是黑斑病,会感染玫瑰;另一种是焦油斑点病,会感染梧桐。生物学家认为,有可能是空气污染消除了这两种病害。以下哪项陈述为真,能最有效地支持上述论证?
它收藏的无数珍宝对于研究西藏的政治、经济、历史和文化都具有重大的价值。
最新回复
(
0
)