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According to Vietnam Law, what is the account of intangible fixed assets?

• 211

• 213

• 213

• 214

What are current assets?

• Cash

• inventories

• prepaid insurance 

• All are correct

According to VN law, what is the format of the Balance Sheet?

• Assets are sorted by liquidity - from more liquid (current assets) to less liquid (non-current assets). Secondly,  liabilities are sorted by payment - starting with those that are due in the short run (current liabilities) and finishing with those that will be paid back in the long run (owner’s equity and long-term liabilities).

• assets are sorted by liquidity - from less liquid (long-term assets) to more liquid (current assets) - and liabilities are sorted by payment - starting with those that will be paid back in the long run (owner’s equity and long-term liabilities) and finishing with those that are due in the short run (current liabilities)

• Lists assets first, followed by liabilities and stockholders’ equity

• A, B & C

What time do you set up a Balance Sheet?

• according to regulation of entities

• a period time

• a specific point in time.

• All are correct

What is an asset?

• Items of ownership convertible into cash

• Total resources of a person or business, as cash, notes and accounts receivable

• Securities and accounts receivable, securities, inventories, goodwill, fixtures, machinery, or real estate (as opposed to liabilities)

• All are correct

How many parts does a STANDARD COMPANY BALANCE SHEET HAVE?

• 2

• 5

• 3

• 4

The balance sheet can assist analysts in assessing a company’s ability to:

• Meet future debt obligations

• Items measured at the current value reflect the value that was current at the end of the reporting period. These values can, however, change significantly after the balance sheet is prepared

• Items on the balance sheet are not all measured in the same manner

• B & C

What are the uses of a balance sheet?

• To Know the Business Net Worth

• To Determine If Working Capital is Enough

• Items on the balance sheet are not all measured in the same manner

On the balance sheet, Liabilities included:

• Non-current Liabilities

• Current assets.

• Current Liabilities

• All are correct

With regard to equipment and spare parts for replacement whose preserve period is more than 12 months or more than an ordinary course of business, they shall be recorded to:

• inventory in the balance sheet

• non-current assets

• current assets

• Liabilities