Ôn tập TA 25/4/2023

Question 1: An accountant specializing in a company’s tax affairs.

• A. Tax accountant

• B. Trainee accountant

• C. Public accountant

• D. Cost accountant

Question 2: GAAP is the abbreviation for ……………

• A. General Accepted Accounting Principles

• B. Generally Accepted Accounting Principle

• C. Generally Accepted Accounting Principles

• D. Generally Accepted Account Principles

Question 3: Local accounting standards are

• A. the rules and regulations which state how accountants operate in a particular place.
• B. people or groups who are not involved with the company.
• C. a firm that sells its shares to anyone who wants to buy them.
• D. the way that most people do something.

Question 4: Look at the assets and ……………on the balance sheet if you want to know how the company's doing.

• A. debts
• B. debt
• C. liability
• D. liabilities

Question 5: ……………is an asset which does not have a physical nature (such as a trademark or a patent).

• A. Common stock
• B. Total liabilities
• C. Intangible asset
• D. Retained earnings

Question 6: A balance sheet in the U.K. is the same meaning as ……………in the U.S.A.

• A. A statement of financial position
• B. A statement of earnings
• C. A profit and loss statement
• D. Statement of Shareholders’ Equity

Question 7: Choose the best way to say 92.56

• A. Ninety-two comma fifty-six
• B. Ninety-two point five six
• C. Ninety-two point fifty-six
• D. Nine two point five six

Question 8: Sorry to keep you ……………Please come in and ……………a seat.

• A. wait – taking
• B. waiting – taking
• C. waiting – take
• D. to wait – to take

Question 9: The topics which would be safe to talk about with foreign business partner are….

• A. sport, weather, religion
• B. sport, hobby, food, appearance
• C. religion, appearance, finances
• D. sport, entertainment, food

Question 10: To use ……………method, the expected output of the asset is taken into account in determining the rate of depreciation.

• A. straight line
• B. hours of use
• C. unit of production
• D. declining balance