首页
登录
职称英语
•Read this text taken from an article about accounting. •Choose the best s
•Read this text taken from an article about accounting. •Choose the best s
游客
2025-05-30
15
管理
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.
Accounting
Accounting is the process of systematically collecting, analyzing, and reporting financial information. Bookkeeping is essentially record-keeping which is part of the overall accounting process. 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. [br]
选项
答案
E
解析
该项意思是:谊等式说明收支平衡。该句主语与前句主语对应,故答案为E。
转载请注明原文地址:https://tihaiku.com/zcyy/4097070.html
相关试题推荐
•Readthearticlebelowaboutdecisionrightsinacompany.•Choosethecorrect
•Readthearticlebelowaboutdecisionrightsinacompany.•Choosethecorrect
•Readthearticlebelowaboutdecisionrightsinacompany.•Choosethecorrect
•Readthearticlebelowaboutdecisionrightsinacompany.•Choosethecorrect
•ReadthefollowingarticleaboutaBritishbusinessmanandthequestions.
•ReadthefollowingarticleaboutaBritishbusinessmanandthequestions.
•ReadthefollowingarticleaboutaBritishbusinessmanandthequestions.
•Readthistexttakenfromanarticleaboutaccounting.•Choosethebests
•Readthistexttakenfromanarticleaboutaccounting.•Choosethebests
•Readthistexttakenfromanarticleaboutaccounting.•Choosethebests
随机试题
WhichofthefollowingsentencesisINCORRECT?A、Hedarenottellherthetruth.
DearFriends,DoyoulikelearningEnglish?Ihopeso.Ofcourse,learning
Whowastheinventorofchewinggum?[br][originaltext]IntheUnitedStat
以下作品中,不适用或不受著作权法保护的是( )。A.某教师在课堂上的讲课 B
A. B. C. D.
2019年1月1日甲、乙双方签署了房屋抵押合同甲用房屋抵押担保借款200万元合同
A.医生尊重患者是指满足患者的一切要求 B.医生的行为使某个患者受益,但却给别
广发科贸有限公司(3542916482)是一家有进出口经营权的国有企业,20
与间接出口相比,直接出口的特点是()。A.投资较小 B.对企业管理水平的
(2020年真题)甲公司以人民币为记账本位币,其发生的相关外币交易或事项如下:
最新回复
(
0
)