test no4

At a public non-profit entity that is assigned financial autonomy, the data is available in year N:

Budget Estimates for Administrative and Nonbusiness Activities (Recurrent expenditure):

+ Annual allocated budget: 4,000,000

+ Estimates are withdrawn for use (Actual expenditures): 3,780,000

Budget Estimates for Administrative and Non-business Activities (Non – recurrent expenditure):

+ Annual allocated budget: 500,000

+ Estimates are withdrawn for use (Actual expenditures): 470,000

The unused amount must be paid to the State Budget is:

• 250,000

• 220,000

• 30,000

• 190,000

According to Circular 107/2017/TT-BTC, when does the entity close the cash book?

• At the end of each week

• At the end of each day

• At the end of each month

• At the end of each quarter

The information below was presented on the Budgetary Statement for the Non – refundable aids resources.

- Carry-over amount: 200,000

- Total amount received in the year: 1,380,000

+ Amount of recording aids received in cash: 380,000

+ Amount of recording aids received other than cash: 1,000,000

Used amount is proposed for settlement: 1,500,000

The amount is allowed to be moved to the next year for use and settlement:

• 80,000

• 1,580,000

• 1,380,000

• 380,000

The expenses occurring for activities funded by advance payment order of the State budget but have not done the necessary procedures for advance payment with the State treasury. The single entry for this transaction is: 

• Cr 0082

• Cr 013

• Not using off-balance-sheet accounts

• Cr 012

Cleared advance for business trip funded by retained fees resources. The journal entries for this transaction are:

• Dr 614 / Cr 111

• Dr 614/ Cr 111, Dr 3373 / Cr 514

• Dr 614 / Cr 141, Dr 3373 / Cr 514

• Dr 614/ Cr 141

Purchase 1,000 kg material X used for fee collection activities, purchase price excludes VAT 20; VAT rate 10%; freight – in 500, purchase discount 200. The cost of purchased materials X is:

• 22,700

• 20,000

• 22,000

• 22,500

The amount of collected fees that are retained for entities. The journal entry for this transaction is:

• Dr 3373 / Cr 3332

• Cr 014

• Dr 014

• Dr 3373/ Cr 514

The entity did the necessary procedures with the Treasury to settle the estimates in advance. The single entries for this transaction are:

• Cr 0082X1 (negative number); Cr 0082X2

• Cr 0082X1

• Cr 0082X1; Cr 0082X2

• Cr 082X1; Cr 0082X2 (negative number)

Account 008 is opened with level 2 details according to

• In advance and actual payment

• Annual (previous and current year)

• Recurrent expenditure and non-recurrent expenditure

• State Budget Code

At the end of the year, recognition of costs of materials and tools issued and used for administrative activities funded by the State Budget in the year as revenue. The journal entry for this transaction is:

• Dr 36612 / Cr 511

• Dr 152 / Cr 611

• Dr 152/ Cr 36612

• Dr 611 / Cr 152