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
81
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
E
解析
转载请注明原文地址:https://kaotiyun.com/show/M37d777K
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
(Thecandidatechoosesonetopicandspeaksaboutitforoneminute.)A.Technology:theimportanceoftrainingstaffinhowto
SaleReductionYourcompanyisaninternationalcompanywhichproduceselectronicproductS.Yourcompany’ssaleshavered
Question询问
Theinterlocutorasksyouquestionsonanumberofwork-relatedandnonwork-relatedsubjects.
Theinterlocutorasksyouquestionsonanumberofwork-relatedandnonwork-relatedsubjects.
Theinterlocutorasksyouquestionsonanumberofwork-relatedandnonwork-relatedsubjects.
TaskOne-Job•Forquestions13-17,matchtheextractswiththepeople,listedA-H.•Foreachextract,choosethejobeachsp
TASKONE—ADVANTAGE•Forquestions13—17,matchtheextractswiththeadvantages,listedA—H.•Foreachextract,choosetheadv
•Readthetextbelowaboutthelogistics.•Inmostofthelines41-52thereisoneextraword.Itiseithergrammaticallyinco
•Readthetextbelowaboutthelogistics.•Inmostofthelines41-52thereisoneextraword.Itiseithergrammaticallyinco
随机试题
维持胸内负压的必要条件是()。
乳头鲜红色血性溢液多见于
股票票面上标明的金额,是股票的()。
给定资料1.2010年5月17日,江苏省睢宁县公布了一份特殊的评选结果——“上年度会议讲话和会议形态评选结果”。整个评选活动最终评出20篇“优秀讲话稿(发言稿)”、5篇“较差讲话稿(发言稿)”、10个“优秀会议形态”、5个“较差会议形态
文书部门立好的案卷,必须逐年移交给档案室集中保管,称为“归档”,有归档范围和要求,但没有归档期限。()
简述桑代克的学习理论。
2
60thAnniversaryCeremonyinMoscow1.WiththousandsofsoldiersandwarveteransparadingacrossMoscow’sRedSquareandf
ThepoliticalcrisisinUkraine,whereoppositionprotestersareburningcampfiresandsettinguptentsinthecenterofKiev,i
A、GotoParisagain.B、LiveinParis.C、Gosomewhereelse.D、Difficulttosay.C综合推断题,男士说明年应该做点儿别的,由此可知,男士明年会去别的地方,故选C
最新回复
(
0
)