2. 职称英语
  3. —Read the article about the cash basic of accounting.—Choose the best word to f

—Read the article about the cash basic of accounting.—Choose the best word to f

游客2025-05-21  4
问题 —Read the article about the cash basic of accounting.
—Choose the best word to fill each gap, from A, B, C or D.
—For each question 19—33, mark one letter (A, B, C or D) on your Answer Sheet.
—There is an example at the beginning.

    Under the cash basis of accounting, a firm recognizes revenues from selling goods and providing Services in the period when it receives cash from customers. It reports  (19)______ in the period when it makes cash expenditures for merchandise, salaries, insurance, taxes, and  (20)______ items. To illustrate the measurement of performance under the cash basis of accounting, consider the following example.
    Donald and Joanne Allens open a hardware store on January 1, Year 1. The firm receives $20,000  (21)______ cash from the Aliens and borrows $12,000 from a local bank. It must repay the loan on June 30, Year 1, with interest charged  (22)______ the rate of 12 percent per year. The firm rents a store building on January 1, and pays 2 months’ rent of $4,000  (23)______. On January 1, it also pays the premium of $ 2,400 for property and liability insurance coverage for the year  (24)______ December 31, Year 1. During January it acquires merchandise costing $40,000,  (25)______ it purchases $26,000 for cash and $ 14,000 on account. Sales to customers during January total $50,000, of which $34,000 is for  (26)______ and $16,000 is on account. The acquisition cost of the merchandise  (27)______ during January is $32,000,and various employees receive $5,000 in salaries.
    Lawyers, accountants, and  (28)______ professionals are the principal entities that use the cash basis of ac counting. These professionals have  (29)______ small investments in multiperiod assets,  (30)______ buildings and equipment, and usually collect cash from clients soon after they  (31)______ services. Most of these firms actually use a modified cash basis of accounting, under which they  (32)______ the costs of buildings, equipment, and similar items as assets  (33)______.
    Most individuals use the cash basis of accounting for the purpose of computing personal income and person al income taxes.
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选项 A、when purchasing
B、when purchased
C、when purchase
D、which purchased
答案 B
解析 这里填时间状语when purchased。purchased是过去分词，表示被动。when purchased相当于从句when they are purchased。
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