WorksheetsVietnamese Accounting Quiz
Total questions: 172
Worksheet time: 1hrs 26mins
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; Nameland address of person/entity who receives vouchers; Content of vouchers; Quantity, unit price and total value; Signatures and full name of involved persons.
According to the Vietnamese accounting law, an accounting voucher should contain:
7 elements.
6 elements.
5 elements.
4 elements
Regarding to accounting vouchers classification, optional vouchers have following characteristics
Optional vouchers are used internally only.
Optional vouchers are used internally. The state only gives instruction on several content recorded these vouchers for enterprises to follow due to their own business.
Optional vouchers are used commonly and widely by different entities in the economy.
Optional vouchers are standardized by the State in respect of type, form, content recorded, target and set-up method of these accounting vouchers.
Accounting vouchers form contains
Paper form.
Electric form.
Both paper form and electric form.
Others
Application of accounting vouchers system in enterprises must be based on
The state's regulations on accounting vouchers.
Business operating characteristics of an enterprise.
Management requirements of an enterprise.
All of above statements
Which below accounting vouchers should be classified as source vouchers?
VAT invoices, bilis, goods receipt notes, cash receipts, cash payments.
VAT invoices, advance requests, payment requests, bank statements.
Advance request, cash payment, goods receipt notes, VAT invoices.
Goods receipt notes, goods delivery notes, credit notes/debit notes issued by bank.
Which below accounting vouchers should be classified as bookkeeping vouchers?
VAT invoices, bills, goods receipt notes, cash receipts, cash payments.
VAT invoices, advance requests, payment requests, credit notes/debit notes issued by banks.
Advance request, cash payment, goods receipt note, VAT invoices.
Goods receipt notes, goods delivery notes, cash receipt notes, cash payment notes.
In respect of business transaction nature, accounting vouchers are divided into
5 categories, including: Labor vouchers, inventory vouchers, sales vouchers, monetary vouchers, and tangible fixed assets vouchers.
4 categories, including: Labor vouchers, inventory vouchers, sales vouchers, monetary vouchers.
4 categories, including: Labor vouchers, inventory vouchers, sales vouchers, tangible fixed assets vouchers.
4 categories, including: Labor vouchers, sales vouchers, monetary vouchers, and tangible fixed assets vouchers.
Which steps are included in the organization of accounting voucher system in an enterprise:
Set up a list of accounting vouchers, content of accounting voucher, and voucher form.
Determination on issuance of vouchers and voucher checking.
Set up the voucher rotation process and storage of vouchers.
All above steps.
Which below vouchers are direct vouchers in respect of collecting data on cash transactions:
Cash receipt notes, payment request.
Cash receipt notes, cash payment notes.
Loan contract, cash receipt notes.
Application for advance, Cash payment notes.
Which below vouchers are relating vouchers in respect of collecting data on cash transactions
Cash receipt notes, payment request.
Cash receipt notes, cash payment notes.
Loan contract, application for advance, payment request.
Which below statement is correct regarding the basis issuing purchased goods receipt notes?
Purchased goods receipt note should be issued as an enterprise signs in the contract with supplier.
Purchased goods receipt note should be issued as goods has been imported into the warehouse.
Purchased goods receipt note should be issued as supplier accepts enterprise`s goods order.
None of the above
Which below departments/persons should be involved in the voucher rotation process for cash at bank?
Serving bank, banking accountant, related accountant.
Stock keeper, chief accountant, banking accountant.
Banking accountant, chief accountant
Serving bank, chief accountant
Which below departments/persons should be involved in the voucher rotation process for cash withdrawal from bank (cash fund increment)
Banking accountant, bank, cash recipient, cash accountant.
Banking accountant, customer, cash recipient, cash accountant, Cashier.
Banking accountant, chief accountant/account holder, bank, cash recipient, cash accountant, cashier.
Banking accountant, chief accountant, cash recipient, supplier, cashier.
Which below vouchers are direct vouchers in respect of collecting data on inventory transactions:
Goods delivery notes, goods receipt notes.
Internal goods delivery notes, Inventory acceptance minutes.
Inventory report, Inventory stock records.
All of above vouchers.
Which below vouchers are relating vouchers in respect of collecting data on inventory transactions:
Goods delivery notes, goods receipt notes.
Internal goods delivery notes, Inventory acceptance minutes.
VAT invoices, bills, debit notes, credit notes, cash payment notes, cash receipt notes.
None of these above vouchers.
Which below departments/persons should be involved in the voucher rotation process for finished goods/outsourced goods receipt?
Production department, stock keeper, inventory accountant, production cost accountant and other related accountants
Production department, fixed assets accountant, production cost accountant and other related accountants.
Sales accountant, stock keeper, inventory accountant, and other related accountants
Supplier, inventory accountant, production cost and other related accountants
Which below departments/persons should be involved in the voucher rotation process for product/goods delivery?
Sales department, customer (buyer), Stock keeper, Inventory accountant, related accountants.
Serving bank, Stock keeper, Inventory accountant, related accountants.
Sales department, supplier (seller), Inventory accountant, related accountants.
Sales department, supplier (seller), chief accountant, Inventory accountant.
Which accounting principle(s) that accountants shall apply to for inventory measurement?
Historical cost
Consistency
Prudence
All of them
A manufacturing business applies Corporate Accounting Regulations of Circular 133/2016/TT-BTC to its accounting system. Which type of account that accountants shall use to collect information of incurred direct material cost when processing and systemizing financial accounting information?
Acc 621
Acc 154
Acc 632
Acc 152
Which of the following is NOT the requirement of accounting book system in an accounting entity?
Accounting book system must ensure the relationship between chronological order and systematic order of book-recording.
Accounting book system should ensure the relationship between general ledgers and sub - ledgers.
Accounting book system should ensure the effectiveness of accounting voucher rotation.
Accounting book system should ensure the procedures of data cross-checking and controlling.
What is the structure of an adjusting account for an asset account?
Downward adjusted value on the debit side and upward adjusted value on the credit side
Upward adjusted value on the debit side and downward adjusted value on the credit side
Only posting downward adjusted value on the debit side
Only posting upward adjusted value on the debit side
What is the determinant for the number of General Ledgers in an accounting book system?
The number of accounting vouchers
The number of accounting sub-accounts
The number of accounting general accounts
All of the above
Which of the following statements about the valuation of inventory are correct According to VAS 2 Inventories?
(i) Inventory items are normally to be valued at the lower of cost and net realizable value.
(ii) The cost of goods manufactured by an entity will include materials and labor only. Overhead costs cannot be included.
(iii) Selling price less estimated profit margin may be used to arrive at cost if this gives a reasonable approximation to actual cost.
Which of the following is NOT about processing and systematization of accounting information?
Application of Value measurement
Organization of accounts system
Organization of accounting books system
None of above
Accounting objects that need valuing are:
Assets, liabilities, owners' equities, revenue, other income, expenses and business performance results
Assets, liabilities
Assets, liabilities, owners' equities
Revenue, other income, expenses and business performance results
In Vietnam, an accounting entity shall establish its chart of accounts based on:
Accounting regulations for enterprises (Circular No.200/2014/TT-BTC)
Book-recording method of chronological order and systematic order
The level of business equipment
Either Accounting regulations for enterprises (Circular No.200/2014/TT-BTC) or Accounting regulations for SMEs (Circular No.133/2016/TT-BTC)
In Vietnam, Trade payable account has:
A debit balance
Either a debit balance or a credit balance
A credit balance
A zero balance/ no ending balance
Accounting books are used for
Recording and keeping track of accounting information
Collecting and systematizing accounting information on the basis of requirements of business management
Providing accounting information for users
All of above
In General Journal Voucher accounting form, the information from General Journal vouchers are transferred to
General Journal
General Ledgers of related accounts
Voucher Journal
Ledger Journal
Who are the users of accounting information?
Administrators within the enterprise
The State`s functional management agencies
User having interests directly and indirectly related to the operation of the enterprise
All of the above
Based on the basis of reporting, accounting reports in enterprises are classified into which of the following?
Financial accounting reports and Management accounting reports
Periodic accounting reports and Regular accounting reports
Performance accounting reports and Predictive (forecast) accounting reports
All of the above
Which of the following principles must be followed when preparing financial statements?
Going concern, Accrual basis, Consistency, Materiality and aggregation, Comparative and Offsetting
Going concern, Accrual basis, Consistency, and Materiality and aggregation
Accrual basis, Consistency, Materiality and aggregation, and Offsetting
Going concern, Accrual basis, and Consistency
According to the current accounting regime, the financial accounting reporting system applicable to enterprises includes which of the following reports?
Annual financial statements
Interim financial statements
Annual financial statements and Interim financial statements
None of the above
Which of the following are included in the content of a Statement of Cash Flow?
Cash flows from operating activities and Cash flows from investing activities
Cash flows from investing activities and Cash flows from financing activities
Cash flows from operating activities and Cash flows from financing activities
Cash flows from operating activities, Cash flows from investing activities, and Cash flow from financing activities
Which of the following methods are commonly used to analyze accounting information?
Comparison method
Factor analysis method
Comparison method and Factor analysis method
None of the above
The financial statements of an enterprise provide information about which of the following?
Assets, Liabilities, Equity
Revenue, Other Income, Expenses, Profit and Loss
Cash flows
All of the above
Which of the following does NOT describe characteristic of centralized accounting organization
Central accounting department is in charge of all accounting tasks.
Subordinate units might be entitled to set up their own accounting departments.
Accounting records are kept and retained at the central accounting department.
This form enables quick implementation of accounting practices or standardized procedures.
Which of the following describes the characteristics of decentralized accounting organization
The central accounting department is responsible for guiding and inspecting the accounting work in the accounting departments at subordinate units.
Central accounting department is in charge of all accounting tasks.
Subordinate units are divided into 2 groups: dependent units and independent units.
This form is suitable for small and medium-sized enterprises with low hierarchy and do not operated in scattered areas.
A is a state - owned company. A has 1 subsidiary called "B company" with independent accounting and 01 subordinate called "C company". Determine the form of accounting organization for the Group of A,B, C companies?
Centralized form
Decentralized form
Semi centralized form —
Decentralized form or semi centralized form —
Accounting inspection's missions include:
Examining the recruitment, hiring, training and retraining of accountants. Examining the implementation of the Accounting Law, standards, regimes and legal regulations on accounting.
Checking the observance of production and business plans
Examining the organization of accounting apparatus
All Of Above
A is a state- owned company with 2 subordinates: B factory and C factory- B and C are entitled to set up their own accounting departments. Which financial statements are prepared and submitted by A company as required by the State?
Combined/General financial statements for the whole group as one entity.
Financial statements of A company and combined/general financial statements of the group.
Separate financial statements of A and combined financial statements of B and C.
Separate financial statements of A, B, C.
A is a state owned company with 2 subordinates: B and C. B and C are entitled to set up their own accounting departments. Which financials are prepared and submitted by B company as required by the State?
Separate financial statements of B.
Combined/General financial statements for the whole group as one entity
Separate financial statements of B company and combined/general financial statements of the group.
None of above
Who takes the responsibility for regular accounting inspection within an enterprises:
The Ministry of Finance
State inspection agencies
Chief accountant and working accountants
Tax authorities
Models of management accounts organization (in the relationship with financial accounting) can be classified into:
Financial model, Management model and Mixed model
Separate model, Combined model and Mixed model
Financial - Management Model and Separate Model
General Model, Financial ~ Management Model
Which of the following describes characteristics of separate model of management and financial accounting organization.
The accountant uses the accounting book system to serve both the financial reporting system and the management accounting reporting system.
Accountants collect detailed information as required by the management accountant from financial accounting' s vouchers and books.
There must be two separate accounting divisions: the financial and the management accounting division.
Among all accounting items, some items are subject to a separate accounting organization while remaining items are subject to a combined accounting organization.
According to Law on Accounting No88, every accountant must:
Have professional accounting knowledge and skills
Have a bachelor's degree in Accounting of Finance
Strong knowledge of VAS/ IAS/IFRS
All of above
In accounting organization, financial accounting process must comply with related principles, policies, mechanism, norms, and regulations
True
False
In accounting organization, management accounting process must be in compliance with accounting regulations, principles, mechanism, norms, and regulations
True
False
Regarding to requirements and principles of accounting organization, accounting is not necessary suitable with production, management level, technical equipment/ supportive facilities and operation characteristics of an entity
True
False
Regarding to the principle of consistency, accounting in enterprise must ensure the consistency between accounting divisions and other management divisions, between parent company and affiliates. accounting contents, objects , methods and accounting system can vary.
True
False
Capacity and competency of accountants are not of importance to a rational accounting process
True
False
Conduction of initial book-keeping to record accounting data on accounting documents and rotation of these documents is the first major content of accounting organization for purposes of collecting accounting information and checking validity and legality of economic transactions occurred.
True
False
Application of accounting law and related regulations such as accounting documents system, accounts system, books system and accounting reports together with accounting methods and standards is essential in organization of systematizing and process accounting information.
A. True
B. False
Organization of providing accounting information is a necessary requirement by macro and micro economic management
true
false
Is the following statement about processing and systemizing management accounting information true or false? "Processing and systematizing management accounting information should be in compliance with generally accepted accounting principles to assure the reliability and objectivity of economic transactions and events"
True
False
Is the following statement about purpose of sub-accounts true or false? "An accounting entity may open sub-accounts for its information management and control"
True
False
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".
True
False
In Vietnam, each accounting entity may only use one account system for financial accounting as prescribed by the Ministry of Finance. True or false?
True
False
According to Vietnamese accounting law, each business entity has only one financial accounting book system for a fiscal year. True or False?
True
False
Each accounting book must have opening balance and closing balance. True or False?
True
False
All forms of accounting book system must include General Journal. True or False?
True
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?
True
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"
True
False
Is the following statement about Chart of Accounts true or false? "Chart of accounts is only be opened and used as a whole for the purpose of processing information of financial accounting and management accounting"
True
False
In Vietnam, each accounting entity is allowed to open more detailed accounting accounts based on the characteristics of production and business activities of the entity.
True
False
Accounting information shall be presented on financial statements only:
True
False
Organization of internal accounting inspection is to ensure accounting information shall be presented in compliance with regulations on financial management in general and in accordance with accounting law and standards.
True
False
Retention of accounting vouchers/documents may vary upon different categories of accounting vouchers
True
False
An enterprise must follow the State's regulations on the form, content, retention of management accounting vouchers.
True
False
Cash payments notes, cash receipt notes are created and stored by the cashier.
True
False
Application of accounting accounts system must be based on business operating characteristics of an enterprise
True
False
Payment method is not a compulsory element of an accounting voucher.
True
False
Accounting vouchers that were corrected would be considered as invalid ones
True
False
With regarding to data collecting on cash transactions, direct accounting vouchers include cash receipt notes, cash payment notes, debit notes, credit notes.
True
False
Payroll sheet, timesheet, work confirmation letter are labor vouchers.
True
False
For each occurred business transaction, accounting voucher must be created one time only
True
False
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"
True
False
Management accounting information in some cases may be used by external users of a company?
True
False
One of the characteristics of a "good accounting information" is "understandable'?
True
False
The number of financial reports are unchanged and to be required by the government?
True
False
The form of financial reports in Vietnam is required to be consistent with the guidance of Ministry of Finance?
True
False
Management reports are always periodic reports.
True
False
"Comparative method" is one of the usual methods that is used in accounting analysis.
True
False
Financial reports in Vietnam may be not prepared under "going concern assumption".
True
False
"Statement of changes in equity" is a separate statement in financial reports in Vietnam.
True
False
Enterprises are required to disclose information about management accounting
True
False
In the context of modern technology, some economic transactions may be automatically processed.
True
False
In financial statements, the "reporting day" and the "authorized issuing day" are the same.
True
False
In Vietnam, FDI enterprises often have to prepare financial statements in accordance with the VASs and IFRSs/IASs.
True
False
Is the following statement true or false? "The form of centralized accounting organization is suitable for small and medium-sized enterprises with low hierarchy."
True
False
Is the following statement true or false? "In enterprises with decentralized accounting organization. All subordinate units take responsibility for their own assets, liabilities and business performance independently.
True
False
Is the following statement true or false? In enterprises with semi - centralized accounting organization, All subordinate units take responsibilities for their own assets, liabilities and business performance independently.
True
False
Is the following statement true or false? The form of semi-centralized organization is a combination of centralized and decentralized forms.
True
False
Is the following statement true or false? All accountants must have accounting certification/certification
True
False
Is the following statement true or false? The chief accountant has the responsibility to organize the operation of the accounting apparatus.
True
False
Is the following statement true or false? The quality of the accounting activities depends directly on the qualifications, proficiency, professional ethics and the reasonable assignment of employees in the accounting system.
True
False
Is the following statement true or false The organization of accounting in businesses is financial accounting organizations
True
False
According to the VAS No.1- General standards, fundamental accounting requirements for accounting information include:
Faithfulness, Objectiveness, Adequacy, Timeliness, understandability, Comparability.
Faithfulness, Objectiveness, Adequacy, Timeliness, understandability. Comparability, Consistency.
Historical cost, Matching. Consistency, Prudence, Materiality.
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.
103. Accounting period can be
A. Yearly
B. Yearly, quarterly.
C. Yearly, quarterly, monthly
D. Weekly.
104. Which statement is correct regarding consistency principle:
A. Adopted accounting methods can be changed.
B. Adopted accounting methods can be changed if necessary.
C. Adopted accounting methods can be changed but a business must explain why this change is made and its influence over financial statements.
D. None of these above mentioned statements is correct
Which below statement is the most appropriate?
A. 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.
B. Revenues and expenses are only recognized when there is reasonable certainty of economic benefits inflow to or outflow from the entity.
C. 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.
D. Revenues and expenses can only be recognized when cash is collected or paid out.
Which below statement is true?
I 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?
A. Accounting vouchers can be seen as a means of information.
B. Accounting vouchers are legal documents to prove for occurred and completed business transactions of one enterprise.
C. Accounting vouchers are the basis of bookkeeping process.
D. All of above-mentioned statements.
When implementing financial accounting and management accounting, businesses must perform general accounting and detailed accounting simultaneously.
true
false
Accounting inspection requirements are careful, serious, honest, objective.
true
B. False
There are two forms of accounting inspection: Regular and irregular checks.
A. True
B. False
Which of the following report is NOT classified as a management accounting report?
A. Statement of Cash Flow
B. Inventory report
C. Increase or decrease in fixed asset report
A rational accounting process is only based on accouting laws, accounting standards, and other regulations
A. True
B. False
Time for payment is a compulsory element of sale vouchers
A. True
B. False
All enterprises must organise accounting apparatus
true
false
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"
A. False
true
The deadline for submitting annual financial statements of sole proprietorships and partnerships is...
A. within 20 days from the end of the annual accounting period
B. within 45 days from the end of the annual accounting period
C. within 90 days from the end of the annual accounting period
D. within 30 days from the end of the annual accounting period
Which below vouchers are direct vouchers in respect of collecting data on inventory transactions:
A. Goods delivery notes, goods receipt notes.
. Inventory report, Inventory stock records.
C. All of above vouchers.
D. Internal goods delivery notes, Inventory acceptance minutes.
Which statement is true?:
A. All above statements are correct.
B. In case that either the first fiscal accounting period or the last one is shorter than 90 days, then it should be included in the next fiscal accounting period or the pervious one to create a complete fiscal accounting period; The first accounting period or the last one must be shorter than 15 months.
C. An accounting period is a period of time that covers certain accounting functions, which can be either a calendar or fiscal year, but also a month or a quarter.
D. An accounting period is an established range of time during which accounting functions are performed, aggregated and analyzed. An accounting period is created for reporting and analyzing purposes.
Management accounting reports are set up according to the regulations of the State.
A. True
B. False
Application of acconting accounts system must be based on business operating characteristics of an enterprise
A. True
B. False
With regarding to data collecting on cash transactions, direct accounting vouchers include cash receipt notes, cash payment notes, debit notes, credit notes.
A. True
B. False
Is the following statement true or false?"Using accounting books for processing and systemizing financial accounting information, accountants shall comply with Corporate Accounting Regulations in terms of book formats and types."
A. True
B. False
An enterprise must follow the State's regulations on the form, content, retention of financial accounting vouchers.
A. False
B. True
Which of the following item is included in the cash flows from financing activities?
A. Dividends paid to owners
B. Cash received from loan interest
C. Proceeds from sales
D. Interest paid
. 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"
A. False
B. True
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"
A. False
B. True
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"
A. False
B. True
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)?
A. An understatement of profit and an overstatement of non-current assets
B. An overstatement of profit and an understatement of non-current assets
C. An understatement of profit and an understatement of non-current assets
D. An overstatement of profit and an overstatement of non-current assets
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?
A. Account 511
B. Account 531
C. Account 521
D. Account 5212
Collecting information in the form of accounting vouchers is the initial accounting work in an enterprise.
true
false
A manufacturing business applies Corporate Accounting Regulations of Circular 133/2016/TT-BTC to its accounting system. Which type of account that accountants shall use to collect information of incurred direct material cost when processing and systemizing financial accounting information?
A. Account 152
B. Account 632
C. Account 621
D. Account 154
In General Journal Accounting form, the basis of posting figures on general ledgers of each account is
A. Ledger Journal
B. General Journal Voucher
C. General Journal
D. Voucher Journal.
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:
A. Everybody
B. Internal and external users
C. Users with average knowledge on economics, finance and accounting.
D. Users with well -educated on accounting and economics/
Which below departments/persons should be involved in the voucher rotation process for materials/supplies delivery?
A. Department in need of materials/goods/supplies, customer, purchasing department, Stock keeper, Inventory accountant, payment accountant and other related ones.
B. Technical staff, department in need of materials/supplies, purchasing department, Stock keeper, Inventory accountant, production cost and related accountants
C. Department in need of materials/goods/supplies, director/chief accountant, purchasing department, cashier, Inventory accountant.
D. Beneficiary, production department, purchasing department, Stock keeper, cashier.
Goods issued for promotional campaigns with no conditions. Choose appropriate accounting entries:
A. Dr 632 / Cr 156
B. Dr 641 / Cr 156
C. Dr 353 / Cr 156
D. Dr 511 / Cr 156
Which vouchers are classified as monetary ones:
. VAT invoices, bills, cash receipt note, minutes of handover of fixed assets.
B. Cash payment notes, cash receipt notes, VAT invoices, bills.
C. Cash payment notes, cash receipt notes, payroll, goods receipt notes.
D. Cash payment notes, cash receipt notes, debit notes, credit notes, bank statements.
An enterprise applies Corporate Accounting Regulations of Circular 200. Which account used to record short-term loan payable?
A. Acc 128
B. Acc 341
C. Acc 311
D. Acc 112
Listed companies in Vietnam must prepare financial statements according to the IFRSs.
A. True
B. False
Which of the following does not describe characteristic of combined model of management and financial accounting organization.
A. None of above
B. 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.
C. The accountant uses the accounting book system to serve both the financial reporting system and the management accounting reporting system.
D. Accountants can open new management accounts if necessary.
According to Law on Accounting No88, People prohibited from practicing accounting:
A. All of above
B. People holding the position of managers in private enterprises.
C. People banned from practicing accounting under an effective court's judgment.
D. Parents of General Director in Joint Stock company.
Which of the following item is NOT included in the cash flows from operating activities?
A. Cash received from short-term loan
B. Cash paid to suppliers
C. Cash paid to employees
D. Interest paid
Is the following statement about accounting book system true or false? "Accounting book system is a means of systemizing accounting information in order to provide those to different information users"
true
false
Which of the following is the demand for the content and nature accounting information of the State's functional management agencies?
A. Accounting information that meets the requirements of an organisation/s asset management
B. Accounting information for regular operational guidance
C. Aggregated accounting information according to the system of economic and financial indicators in financial statements and other accounting reports
D. Accounting information that meets business administration requirements
Departments/persons involved in the voucher rotation process for retail sales are: Retail store, Sales accountant, related accountants, chief accountant/account holder, tax accountant
A. False
true
Which below accounting vouchers should be classified as optional vouchers: A
. All of above vouchers.
B. Payroll, timesheet, minutes of tangible assets disposal, Goods receipt notes.
C. VAT invoices, bills, cash payment notes, cash receipt notes.
D. Goods receipt notes, goods delivery notes, VAT invoices, bills, inventory records.
Management reports are often used by managers in short-run.
A. False
B. True
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 all item of the accounting organization
A. True
B. False
According to Law on Accounting No.88, Chief accountants must satisfy the following standards:
A. 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.
B. 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.
C. 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.
D. 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.
Departments/persons involved in the voucher rotation process for writing down tangible and intangible fixed assets include: relating department, fixed assets accountant, inventory accountant.
A.False
B.True
Is the following statement about accounting book system: "based on book recording method of chronological order and systematic order, accounting book system consists of ledger, general journal, detailed book"
A. False
B. True
In enterprises with decentralized accounting organization, all subordinate units take responsibilities for their own assets, liabilities and business performance independently
true
false
Who takes the responsibility for regular accounting inspection with an enterprises:
A. Tax authorities
B. The ministry of finance
C. State inspection agencies
D. Chief accountant and working accountants
Accounting voucher can be issued twice if it is lost
A. True
B. False
. Payment guarantee is a compulsory element of sales voucher
true
false
What types of accounting form that need to prepare Trial Balance at the end of accounting period for checking the accuracy of General Ledgers ? (i) General journal voucher (ii) General Journal (iii) Voucher journal (iv) Ledger journal
A. Only (i)
B. (i) and (ii)
C. (i) and (ii) ,(iii)
D. (i),(ii),(iii),(iv)
In General Journal accounting form, the information from Sales Journal are transferred to :
A. Sales general ledger and subsidiary ledger
B. General Ledgers of related accounts
C. Subsidiary Ledgers account of related accounts
D. General Journal
Which accounting principle/concept should be applied if one staff uses some inventory in the warehouse for personal use:
A. Prudence principle
B. Materiality principle
C. Concept of accounting period
D. Concept of accounting entity
With regarding to data collecting on cash transactions, direct accounting vouchers include cash receipt notes, cash payment notes, loan contracts, advance requests, payment request.
True
False
. 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
true
false
Setting up chart of accounts is the initial accounting work in an enterprise.
true
false
VAS 02 Inventories defines the items that may be included in computing the value of an inventory of finished goods manufactured by a business. Which one of the following lists consists only of items which may be include in the statement of financial position value of such inventories, according to VAS 02 ?
A. Plant supervisor s wages, carriage inwards, carriage outwards, raw materials
B. Raw materials, carriage inwards, costs of storage of finished goods, plant depreciation
C. Plant depreciation, carriage inwards, raw materials, plant supervisor s wages
D. Carriage outwards, raw materials, plant supervisor s wages, plant ’ depreciation
Every accounting unit must organize the accounting apparatus
A. True
B. False
There are three forms of accounting inspection: Regular and irregular checks and abnormality
true
false
There are four forms of Vietnamese accounting books
true
false
. Which accounting principles that accountants shall apply for inventory measurement? (1) Historical cost(2) Consistency (3) Matching (4) Prudence (5) Materiality x
A. All of the principles
B. (1),(2),(3)
C. (1),(2),(4)
D. (1),(2),(4),(5)
What is the structure of an adjusting account for 521 account ?
A. Downward adjusted value on the debit side and upward adjusted value on credit side, no ending balance
B. Downward adjusted value on the debit side and upward adjusted value on the credit side, debit ending balance
C. Upward adjusted value on the debit side and downward adjusted value on the credit side, zero ending balance.
D. Upward adjusted value on the debit side and downward adjusted value on the credit side, either debit balance or credit balance
. According to Law on Accounting No88, authorities that are competent to carry out accounting inspection include
A. The Ministry of Finance
B. The Ministry of Finance and other Ministries, ministerial agencies, Governmental agencies, other central agencies shall decide accounting inspection of accounting units under their management ’
C. The People s Committees of provinces shall decide accounting inspection of accounting units in their province
D. All of above
In General Journal Voucher accounting form, the information from General journal vouchers are transferred to
A. General Journal
B. Related general ledgers
C. Related general and subsidiary ledgers
D. All of above
All forms of accounting books contain detailed ledgers
A. True
B. False
The maximum financial accounting period is 15 months.
A. True
B. False
Which below departments/ persons should be involved in the voucher rotation process for cash at bank ( transfer by payment order )
A. Banking accountant, related accountant, chief accountant/ account holder, bank beneficiary
B. Cash accountant , related account, bank, beneficiary
C. Cashier, related accountant, chief accountant/ account holder, bank
D. Banking account, cashier, bank, beneficiary
