D ONE - Test for Intern

1.Which 2 of the following are correct?

• Capital = Assets + Liability

• Capital = Net assets

• Opening Capital + Capital introduced + Profit/(Loss)  – Drawing = Closing Capital

• Liability = Capital - Assets

2............. is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers.

3.How to record payment to rental expense by cash.

• Dr. Cash

  Cr. Rental Expense

• Dr. Rental Expense

  Cr. Cash

• Dr. Rental Expense

  Cr. Receivable

• Dr. Rental Expense

  Cr. Payable

4.Mr.Virak opened a new company under the name A.B.C Technology (Cambodia) Co.,Ltd. deposited 500,000$ to bank .

• Dr. Cash at Bank 500,000$

  Cr. Capital 500,000$

• Dr. Capital 500,000$

  Cr. Cash at Bank 500,000$

• Dr. Expense 500,000$

  Cr. Capital 500,000$

• Dr. Capital 500,000$

  Cr. Payable 500,000$

5.Paid to Mr.Ratha for consulation fee 1,000$, amount include withholding tax 15%. Noted: Company collect withholding tax.

• Dr. Consulting Fee 1,000$

  Cr. Withholding Tax payable 150$

  Cr. Cash 850$

• Dr. Withholding Tax Payable 150$

  Dr. Cash 850$

  Cr. Consulting Fee 1,000$

• Dr. Consulting Fee 1,000$

  Cr. Cash 1,000$

• Dr. Cash 1,000$

  Cr. Consulting Fee 1,000$

6. Please write 3 main things that you have learnt from D One During your internship.

7. Please describe 3 main things that D One could do to improve their tax and accounting services.

8. Please identify 3 strengths and 3 weaknesses that you possess.

9. Please provide 3 reasons why you are a good fit to D One and become formal staff.