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), m
Read this text taken from an article about accounting. Choose the best sentence to fill each of the gaps. For each gap (9-14), m
admin
2012-03-12
52
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
Accounting is the process of systematically collecting, analyzing, and reporting financial information. (0) H .A private accountant is hired 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
C
解析
该项意思是:同样,短期贷款是在一年或者一年之内必须偿还的贷款,长期贷款是只超过一年偿还的。这里的similarly是对应之前说到asset的分类,故此处答案为C。
转载请注明原文地址:https://kaotiyun.com/show/Gb7d777K
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
Whatkindofinformationdoesthereportmainlyprovide?
1.(Thecandidatechoosesonetopicandspeaksaboutitforoneminute.)A.StaffManagement:howtoachieveandmaintainhighm
TaskSheetforCandidateATaskSheet1A:Stafftraining:howtomaintainthestaff’sinterestinthe–company’strainingpr
Theinterlocutorasksyouquestionsonanumberofwork-relatedandnonwork-relatedsubjects.(Thecandidatechoosesonetopic
(Thecandidatechoosesonetopicandspeaksaboutitforoneminute.)A.Technology:theimportanceoftrainingstaffinhowto
1.Practiseansweringthesequestions.PhaseOne:•Canyoutellmeaboutyourpresentjobandyourplansforthefuture?•Can
Task4AttractingNewBusinessClientsYouworkforacompany,whichprovidesmeetingfacilitiesforbusinessclients.Yourdepa
Askingquestions征询
Theinterlocutorasksyouquestionsonanumberofwork-relatedandnonwork-relatedsubjects.
•YouwillheartheChairmanoftheBusinessBroadcastingCommitteeofatelevisioncompany.Heisaddressingameetingofthec
随机试题
设η1,η2是非齐次线性方程组Ax=b的解,下列结论正确的是().
以下哪项是寒凝肝脉所致的腹痛
相对于湿式胶片,干式胶片的特点不包括
某工程网络计划中,工作F的最早开始时间为第11天,持续时间为5天,工作F有三项紧后工作,它们的最早开始时间分别为第20天、第22天和第23天,最迟开始时间分别为第21天、第24天和第27天,则工作F的总时差和自由时差分别为()。
乘轮船旅游购买儿童票的旅游者,身高应在()之间。
难以随机应变,所收集信息的范围有限的面试类型是()。
下列几组概念中具有矛盾关系的是()。
2007年1-5月份,全国规模以上工业企业中,国有及国有控股企业的利润比私营企业的利润多()亿元。2007年1-5月份,全国规模以上工业企业的税金总额占主营业务收入的()。
一、注意事项1.申论考试与传统的作文考试不同,是分析驾驭材料的能力与表达能力并重的考试。2.作答参考时限:阅读资料40分钟,作答110分钟。3.仔细阅读给定的资料,按照后面提出的“作答要求”依次作答在答题纸指定位置。
A"talkingkitchen"teachesstudentshowtocookFrenchcuisineandspeakFrench.ResearchersatNewCastleUniversityintheUn
最新回复
(
0
)