TCCTKR

According to the VAS No.1- General standards, fundamental accounting requirements for accounting information include

• A.   Faithfulness, Objectiveness, Adequacy, Timeliness, understandability, Comparability. 

• B. Faithfulness, Objectiveness, Adequacy,Timeliness, understandability, Comparability, Consistency.

• C.   Historical cost, Matching. Consistency, Prudence, Materiality.

• D.   Accruals basic, Continuous operation, Historical cost, Matching, Consistency, Prudence, Materiality.

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

• Historical cost, Matching, Consistency, Prudence, Materiality

• Faithfulness, Objectiveness, Adequacy, Timeliness, understandability, Comparability

• Accruals basic, Going concerns, Historical cost,Matching, Consistency, Prudence, Materiality

• Faithfulness, Objectiveness, Adequacy, Timeliness, understandability, Comparability, Consistency.

Which statement is the most appropriate regarding to basic content of accounting organization in enterprises:

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

• 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.

• Organization of collecting accounting information, Organization of systematizing and processing accounting information, Organization of preparing and submitting financial statements, Organization of accounting apparatus, Organization of inspecting accounting information

• Organization of collecting accounting information, Organization of systematizing and processing accounting information, Organization of preparing and submitting financial statements, Organization of accounting apparatus.

Accounting period can be

• Yearly

• Yearly, quarterly,

• Yearly, quarterly, monthly.

• Weekly.

Which statement is correct regarding consistency principle:

• Adopted accounting methods can be changed.

• Adopted accounting methods can be changed if necessary.

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

• none of these above mentioned statements is correct

Which below statement is the most appropriate?

• Revenues and incomes are recognized only when there is reasonable certainty of potential economic benefits, whereas expenses must be recognized when there is reasonable likelihood of potential occurrence

• Revenues and expenses are only recognized when there is reasonable certainty of economic benefits inflow to or outflow from the entity.

• Revenues and incomes are only recognized when there is potential economic benefits inflow, whereas expenses must be recognized when there is reasonable certainty of occurrence

• Revenues and expenses can only be recognized when cash is collected or paid out.

  Which below statement is true?

• A.   Accounting policies and accounting methods applied are unchangeable.

• B. Accounting policies and accounting methods must be applied consistently for at least 3 fiscal accounting periods.

• C. Accounting policies and accounting methods must be applied consistently no longer than 5 consecutive fiscal accounting periods.

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

Basic requirements for accounting organization?   

• A.   Accounting organization must be suitable with production method, management level and business operation characteristics.

• B.   Accounting organization must be suitable with management requirements, managerial level and technical equipment in enterprises.

• C.   Accounting organization must be economical and efficiency.

• D.    All statements are correct

Which below statement describe the definition of accounting vouchers?

• Accounting vouchers can be seen as a means of information.

• Accounting vouchers are legal documents to prove for occurred and completed business transactions of one enterprise

• Accounting vouchers are the basis of bookkeeping process

• All of above-mentioned statements

According to the Vietnamese accounting laws, a voucher must contain following elements  

• Voucher title and code of vouchers; Date; Name and address of person/entity who creates these vouchers

• Voucher title and code of vouchers; Date;Name and address of person/entity who creates these vouchers; Name and address of person/entity who receives vouchers.

• Voucher title and code of vouchers; Date; Name and address of person/entity who creates these vouchers; Name and address of person/entity who receives vouchers; Content of vouchers; Quantity, unit price and total value

• Voucher title and code of vouchers; Date; Name and address of person/entity who creates these vouchers; Name and address of person entity who receives vouchers; Content of vouchers; Quantity, unit price and total value; Signatures and full name of involved persons