Is the following statement about Chart of Accounts true or false? "With the view to identifying accounts on the basis of information for financial statements, Chart of Accounts can be classified into two main groups, balance sheet accounts and profit and loss accounts".

In Vietnam, each accounting entity may only use one account system for financial accounting as prescribed by the Ministry of Finance. True or false?

According to Vietnamese accounting law, each business entity has only one financial accounting book system for a fiscal year. True or False?

. Each accounting book must have Opening balance and closing balance.

. All forms of accounting book system must include General Journal. True or False?

Inventories are valued according to their original prices. Where the net realizable value is lower than the original price, they must be valued according to the net realizable value. True or false?

Is the following statement about Chart of Accounts true or false? "With the view to identifying accounts on the basis of economic nature: Chart of Accounts can be classified into two main groups assets, liabilities"

In Viemam, each ling entity is allowed to open more detailed accounting accounts based on the characteristics of production and business activities of the entity.

Is the following statement about making double - entries true or false? "Making double entries needs identifying accounts that being used to present the accounting elements affected by economic transactions"

Management accounting information in some cases may be used by external users of a company?

One of the characteristic of a "good accounting information" is "understandable"?

The number of financial reports are un-changed and to be required by Government

The form of financial report in Vietnam is required to be consistent with the guidance of Ministry of Finance?

Management reports are always periodic reports

"Comparative method" is one of the usual methods that is used in accounting analysis?

Financial reports in Vietnam may be not prepared under "going concern assumption"?

"Statement of changes in equity" is a separate statement in financial reports in VietNam?

Enterprises are required to disclose information about management wunting

In the context of modern technology, some economic transactions may be automatically processed?

In financial statements, the "reporting day" and the "authorized issuing day" are the same.

In Vietnam, FDI enterprises often have to prepare financial statements in accordance with the VASS and IFRSS/IASS

The form of centralized accounting organization is suitable for small and medium-sized enterprises with low hierarchy

In enterprises with decentralized accounting organization. All subordinate units take responsibilities for their own assets, liabilities and business performance independently

In enterprises with semi-centralized accounting organization. All subordinate units take responsibilities for their own assets, liabilities and business performance independently

The form of semi-centralized organization is a combination of centralized and decentralized forms

All accountants must have accounting certificate/certification

The quality of the accounting activities depends directly on the qualifications, proficiency, professional ethics and the reasonable assignment of employees in the accounting system.

There are 2 forms of accounting inspection: regular and irregular checks

Accounting inspection requirements are careful, serious, honest, objective

When implementing financial accounting and management accounting, businesses must perform general accounting and detailed accounting simultaneously

The organization of accounting in businesses is financial accounting organization