Ôn Tập Nguyên Lý Kế Toán

Accounting is the process of collecting, processing, checking, analyzing, and providing economic and financial information in the form of..., physical goods, and labor time.

• Value

• Directly

• Product

• Goods

The external parties using the financial reporting information of the enterprise are:

• Enterprise director

• Employees

• Business owner

• Bank

The director of company A bought a car for family use. The director of company A requested the accountant to record the car as a fixed asset of company A. In your opinion, which accounting principle/concept has the director of company A violated?

• Going concern

• Consistency

• Accounting entity (Business entity)

• Prudence

The concept of monetary measurement states that:

• Enterprises must record economic transactions with a common physical measurement unit

• Enterprises must use a unified value measurement unit when recording economic transactions

• Enterprises must use labor measurement when measuring living labor factors

• Enterprises can use physical measurement or labor measurement to replace monetary measurement

On December 30/N, company A received an advance payment of 12 million VND from company B. On January 10/N+1, company A completed the delivery to B, with a total payment of 22 million VND. On February 10/N+1, company B paid the remaining amount. Applying the revenue recognition principle, company A records:

• Revenue for December/N

• Revenue for January/N+1

• Revenue for February/N+1

• Revenue for all three months December/N, January/N+1, and February/N+1

What is the reason accountants need to apply the 'Consistency principle' when applying accounting policies?

• Ensure the comparability of accounting data

• Ensure accounting data is objective

• Ensure the matching of costs and income

What is the meaning of 'consistent' when applying accounting policies?

• Ensure comparability of accounting data

• Ensure accounting data is objective

• Ensure the matching of costs and income

• Ensure assets are recorded at historical cost

In June, Company A sold a batch of goods to a customer for a total payment of 66,000,000 VND. The customer pays in 3 installments in July, August, and September, each installment being 22,000,000 VND. When should the accountant recognize the revenue?

• June

• July

• August

• September

The matching principle requires accountants to recognize expenses that correspond with revenues.

• True

• False

The prudence principle requires accountants to recognize expenses when there is evidence of potential expenses.

• True

• False