1、 Give a brief explanation for the following terms（10%）
（1） Journal entry
（2） Going concern
（3） Matching principle
（4） Working capital
（5） Revenue expenditure
2. Please read the following passage carefully and fill in each of the 11 blanks with a word most appropriate to the content （10%）
（1） The double-entry system of accounting takes its name from the fact that every business transaction is recorded by （____） types of entries： 1： （_____） entries to one or more accounts and
2： credit entries to one or more accounts. In recording any transaction， the total dollar amount of the （______） entries must （_____） the total dollar amount of credit entries.
（2） Often a transaction affects revenues or expenses of two or more different periods， in these cases， an （_____） entries are needed to （_____） to each period the appropriate amounts of revenues and expenses. These entries are performed at the （_____） of each accounting period but （_____） to preparing the financial statements.
（3） Marketable securities are highly （_____） investments， primarily in share stocks and bounds， （____） can be sold （_____） quoted market prices in organized securities exchanges.
3.Translate the following Chinese statements into English （18%）
（1） 財務報表反映一個企業的財務狀況和經營成果，是根據公認會計準則編制的。
這些報表是為許多不同的決策者，許多不同的目的而提供的。
納稅申報單則反映應稅收益的計算，是由稅法和稅則規定的概念。在許多情況下，稅法和公認會計準則相似，但兩者卻存在實質上的不同。
（2） 審計師不保證財務報表的準確性，他們僅就財務報表的公允性發表專家意見。然而注冊會計師事務所的聲譽來自于他們對審計工作的一絲不茍和審計報告的可靠性。
4. Translate the following statements into Chinese （12%）
（1） Accounting principles are not like physical laws； they do not exist in nature， awaiting discovery man. Rather， they are developed by man， in light of what we consider to be the most important objectives of financial reporting. In many ways generally accepted accounting principles are similar to the rules established for an organized sport shuch as football or basketball.
（2） Accounting have devised procedures whereby the flows of cash receipts and payments are spread over a period of time in a certain way to derive income， which is representative of the economic performance of the firm for the given period. The income concept as applied in the real world involves numerous decisions and judgmenmts.
