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Front

According to the VAS No.1- General standards, what are the fundamental accounting principles?

Back

Accruals basic, going concerns, historical cost, matching, consistency, prudence, materiality

Front

Which statement is true?

Back

All the above statements are correct.

Front

Basic content of accounting organization in enterprises.

Back

Organization of collecting accounting information, Organization of systematizing and processing accounting information, Organization of providing accounting information, Organization of accounting apparatus, Organization of inspecting accounting information.

Front

Accounting period can be:

Back

Yearly, quarterly, monthly

Front

Which statement is correct regarding consistency principle?

Back

Adopted accounting methods can be changed but a business must explain why this change is made and its influence over financial statements.

Front

Which accounting principle/concept should be applied if one staff uses some inventory in the warehouse for personal use?

Back

Concept of accounting entity

Front

Which statement about accounting policies and methods is true?

Back

Accounting policies and methods must be applied consistently for at least 1 fiscal accounting period.

Front

Basic requirements for accounting organization?

Back

All statements are correct.

Front

In accounting organization, financial accounting process must comply with related principles, policies, mechanism, norms, and regulations.

Back

True

Front

In accounting organization, management accounting process must be in compliance with accounting regulations, principles, mechanisms, norms, and regulations.

Back

False