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WorksheetsTCKTDN3
Total questions: 33
Worksheet time: 17mins
According to Law on Accounting 88, People prohibited from practicing accounting:
Parents of General Director in Joint Stock company.
People holding the position of managers in private enterprises.
People banned from practicing accounting under an effective court’s judgment.
All of above
Is the following statement about accounting book system true or false?
“Accounting book system is a means of systemizing management accounting information in order to provide those to different information users”
T
F
Which vouchers are classified as monetary ones:
Cash payment notes, cash receipt notes, debit notes, credit notes, bank statements.
VAT invoices, bills, cash receipt note, minutes of handover of fixed assets.
Cash payment notes, cash receipt notes, payroll, goods receipt notes.
D.
Cash payment notes, cash receipt notes, VAT invoices, bills.
Is the following statement about accounting book system true or false?
“Based on book-recording method of chronological order and systematic order,
accounting book system consists of ledger, general journal, detailed book”
T
F
Time for payment is a compulsory element of sales voucher
T
F
Which below departments/persons should be involved in the voucher rotation process for materials/supplies delivery?
Department in need of materials/goods/supplies, customer, purchasing department, Stock keeper, Inventory accountant, payment accountant and other related ones.
Beneficiary, production department, purchasing department, Stock keeper, cashier.
Department in need of materials/goods/supplies, director/chief accountant, purchasing department, cashier, Inventory accountant.
Technical staff, department in need of materials/supplies, purchasing department, Stock keeper, Inventory accountant, production cost and related accountants
In Vietnam, each accounting entity must use one account system for both financial accounting and management accounting. True or false?
T
F
According to VAS 01, accounting information and data presented in the financial statements must be explicit and easily understandable to users. The word “ users” in this circumstance means:
Users with well –educated on accounting and economics/
Internal and external users
Users with average knowledge on economics, finance and accounting.
EveryboDY
Which of the following does not describe characteristic of combined model of management and financial accounting organization.
None of above
Accountants can open new management accounts if necessary.
The accountant uses the accounting book system to serve both the financial reporting system and the management accounting reporting system.
The businesses might be able to arrange a separate division to collect, process and analyze information for production planning and estimation, and business decision-making.
An enterprise applies Corporate Accounting Regulations of Circular 200. Which account used to record short-term loan payable?
112
341
311
128
Goods issued for promotional campaigns with no conditions. Choose appropriate accounting entries:
Dr 353 / Cr 156
Dr 632 / Cr 156
Dr 641 / Cr 156
Dr 511 / Cr 156
An enterprise applies Corporate Accounting Regulations of Circular 133/2016/TT-BTC to its accounting system. Which account used to collect information of sales returns when processing and systemizing financial accounting information?
5212
511
531
521
Which of the following item is NOT included in the cash flows from operating activities?
Cash paid to suppliers
Cash paid to employees
Cash received from short-term loan
Interest paid
In General Journal Accounting form, the basis of posting figures on general ledgers of each account is
General Journal Voucher
Voucher Journal.
Ledger Journal
General Joural
Listed companies in Vietnam must prepare financial statements according to the IFRSs.
T
F
“Using accounting books for processing and systemizing financial accounting information, accountants shall comply with Corporate Accounting Regulations in terms of book formats and types.”
T
F
Based on the basis of reporting, accounting reports in enterprises are classified into which of the following?
Financial accounting reports and Management accounting reports
Performance accounting reports and Predictive (forecast) accounting reports
All of the above
Periodic accounting reports and Regular accounting reports
Which one of the following would occur if the purchase of computer stationary was debited to the tangible asset account in the process of systemizing accounting information (computer stationary did not meet the criteria for being recognized as tangible asset in line with VAS 03)?
An understatement of profit and an overstatement of non-current assets
An overstatement of profit and an overstatement of non-current assets
An overstatement of profit and an understatement of non-current assets
An understatement of profit and an understatement of non-current assets
Which below departments/persons should be involved in the voucher rotation process for product/goods delivery?
Serving bank, Stock keeper, Inventory accountant, related accountants.
Sales department, customer (buyer), Stock keeper, Inventory accountant, related accountants.
Sales department, supplier (seller), Inventory accountant, related accountants.
Sales department, supplier (seller), chief accountant, Inventory accountant.
Which of the following item is included in the cash flows from financing activities?
Proceeds from sales
Cash received from loan interest
Dividends paid to owners
Interest paid
Is the following statement about historical cost true or false?
“Historical cost has the disadvantage of not necessarily representing the actual fair value of an asset, which is likely to diverge from its purchase cost over time”
T
F
According to the VAS No.1- General standards, fundamental accounting requirements for accounting information include:
Faithfulness, Objectiveness, Adequacy, Timeliness, understandability, Comparability.
Accruals basic, Continuous operation, Historical cost, Matching, Consistency, Prudence, Materiality.
Faithfulness, Objectiveness, Adequacy, Timeliness, understandability, Comparability, Consistency.
Historical cost, Matching, Consistency, Prudence, Materiality.
Management accounting reports are set up according to the regulations of the State.
T
F
Which of the following item is included in the cash flows from financing activities?
Dividends paid to owners
Cash received from loan interest
Proceeds from sales
Interest paid
Which below accounting vouchers should be classified as optional vouchers:
Payroll, timesheet, minutes of tangible assets disposal, Goods receipt notes.
Goods receipt notes, goods delivery notes, VAT invoices, bills, inventory records.
VAT invoices, bills, cash payment notes, cash receipt notes.
D.
All of above vouchers.
Is the following statement true or false?
The combined model of financial accounting and management accounting is a close combination between financial accounting and management accounting in each item of the accounting organization
T
F
Which accounting principle/concept should be applied if one staff uses some inventory in the warehouse for personal use:
Concept of accounting period.
Prudence principle.
Materiality principle.
Concept of accounting entity.
Which of the following item is included in the cash flows from operating activities?
Purchase of fixed assets
Proceeds from sale of fixed assets
Proceeds from issuing shares
Cash paid to suppliers
According to Law on Accounting 88, Chief accountants must satisfy the following standards:
Having worked in accounting for at least 02 years for someone with professional accounting expertise from university or higher and the actual working time in accounting is at least 03 years for those with intermediate or college qualifications in accounting.
Having worked in accounting for at least 01 years for someone with professional accounting expertise from university or higher and the actual working time in accounting is at least 02 years for those with intermediate or college qualifications in accounting.
Having worked in accounting for at least 05 years for someone with professional accounting expertise from university or higher and the actual working time in accounting is at least 10 years for those with intermediate or college qualifications in accounting.
Having worked in accounting for at least 03 years for someone with professional accounting expertise from university or higher and the actual working time in accounting is at least 04 years for those with intermediate or college qualifications in accounting.
Which of the following is the demand for the content and nature of accounting information of the State's functional management agencies?
Accounting information that meets business administration requirements
Aggregated accounting information according to the system of economic and financial indicators in financial statements and other accounting reports.
Accounting information that meets the requirements of an organization's asset management
Accounting information for regular operational guidance
Departments/persons involved in the voucher rotation process for retail sales are: Retail store, sales accountant, related accountants, chief accountant/account holder, tax accountant
F
T
Management reports are often used by managers in short-run.
T
F
Departments/persons involved in the voucher rotation process for writing down tangible and intangible fixed assets include: relating department, fixed assets accountant, inventory accountant.
F
T
