Anh văn chuyên ngành I AC10
1. You are presented with the following data:Assets 13,970Capital 2,934Liabilities 11,576What comment would you make?
a. the two sides are equal
b. the equation is correct
c. the two sides are not equal. One figure must be incorrect (Đ)
2. The capital equation is:
a. Assets less liabilities equals capital (Đ)
b. Liabilities equals assets less capital
c. Capital equals assets and liablities
d. Assets equals capital and liabilities
3. A general term for amounts owing to persons other than the owner is ……
a. reditordebtor
b. liabilities (Đ)
c. loan
d. creditor
4. In the following transaction: ‘The owner puts a further amount into the business by cheque’, which account is debited and which account is credited?
a. debit the owner’s account & credit bank account
b. debit bank account & credit the owner’s account
c. debit the owner’s account & credit capital account
d. debit bank account & credit capital account (Đ)
5. According to double-entry rules, if a liability decreases, …….
a. Liability account will be credited
b. Liability account will be debited and credited
c. Liability account will be debited or credited
d. Liability account will be debited (Đ)
6. Which item below is not an asset?
a. Motor vehicle
b. Debtor
c. Cash
d. Creditor (Đ)
7. According to double-entry rules, if an asset increases, …….
a. asset account will be debited and credited
b. asset account will be debited or credited
c. asset account will be debited (Đ)
d. asset account will be credited
8. ‘Capital’ is …………….
a. a type of financial statement
b. the amount of the owner’s stake in the business. (Đ)
c. resources or items owned by the business
d. record of transactions by categories
9. T-type Ledger accounts has the following format:
a. One-sided account only with debit side
b. two-sided account with credit side on the left and debit side on the right
c. one-sided account only with credit side
d. two-sided account with debit side on the left and credit side on the right (Đ)
10. ‘Balance sheet’ is ………
a. resources or items owned by the business
b. a type of financial statement (Đ)
c. record of transactions by categories
d. the amount of the owner’s stake in the business.
11. ………….. Ledger is used to record debtor accounts
a. Purchases
b. Private
c. Sales (Đ)
d. General
12. The word ……… in the heading of the balance sheet is linked to the idea of the snapshot photograph.
a. month
b. with
c. at (Đ)
d. equal
13. ……….. is a general term for activities of the business.
a. capital
b. purchases
c. sales
d. transactions (Đ)
14. ………….. Ledger is used to record creditor accounts
a. Sales
b. General
c. Private
d. Purchases (Đ)
15. ………….. is a direct means of transferring money through the bank systems, which is initiated by the paying party.
a. standing order
b. credit transfer (Đ)
c. direct debit
d. cheque
16. From the transaction below: ‘A Smith owed the business £1,800 for the goods sold to him & he paid his debt within required time; hence 3% cash discount was given to him’. How much did A Smith actually pay?
a. £1,800
b. £1,746 (Đ)
c. £1,756
d. £54
17. In the accounting equation, ……..
a. The two sides will never be equal to one another
b. Total of assets is always smaller than total of capital and liabilities
c. The two sides will always be equal to one another (Đ)
d. Total of assets is always bigger than total of capital and liabilities
18. Book-keeping entries relating to Payment received from debtor are:
a. credit bank/ cash account & debit debtor’s account
b. debit bank/ cash account & credit debtor’s account (Đ)
c. debit bank/ cash account & debit debtor’s account
d. credit bank/ cash account & credit debtor’s account
19. The account ‘Bank’ has 3 transactions during July, Year 4, including 1 debit entries with £2,000 and 2 credit entries with £170 and £240. How much is the balance of this account at the end of July, Year 4?
a. £1,590 Cr
b. £1,690 Cr
c. £1,590 Dr (Đ)
d. £1,690 Dr
20. ………….. is used to record Cash & Bank accounts
a. Cash book (Đ)
b. General Ledger
c. Sales Ledger
d. Private Ledger
21. ……………… account is used for regular banking and withdrawal of money.
a. current (Đ)
b. deposit
c. cheque
d. credit transfer
22. In the transaction: ‘Paid £442 in cash to A Dobbs in settlement of a debt of £450’. What entries in the Cash book are done?
a. Cr Discount allowed £8 & Cr Cash £442
b. Dr Cash £442
c. Cr Discount received £8 & Cr Cash £442 (Đ)
d. Cr Cash £442
23. In the transaction: ‘Withdrew £420 from bank to make cash in office’. What entries in the Cash book are done?Nếu vụ án không thuộc thẩm quyền của mình thì Tòa án phải trả hồ sơ cho Viện kiểm sát.
a. Dr Bank £420 & Dr Cash £420
b. Cr Bank £420 & Cr Cash £420
c. Cr Bank £420 & Dr Cash £420 (Đ)
d. Dr Bank £420 & Cr Cash £420
24. From the transaction below: ‘You owed A John, a creditor £2,000 for the goods bought from him & you paid your debt within required time; hence 3% cash discount was received’. How much cash discount did you received?
a. £1,940
b. £2,000
c. £60 (Đ)
d. £1,960
25. Which item below is not an expense?
a. rent payable
b. insurance
c. rent receivable (Đ)
d. wages, salaries
26. The term ‘Drawings’ means
a. withdrawals from a business by the owner for the owner’s private use: in cash or goods/ services (Đ)
b. withdrawals from a business by the owner for the use of both the owner and the business: in cash or goods/ services
c. withdrawals from a business by the owner for the business’ use: in cash or goods/ services
d. withdrawals from a business by the owner for the business’ private use: in cash or goods/ services
27. Book-keeping entries relating to Credit Sales are:
a. credit customer’s (debtor’s) account & debit sales account
b. debit customer’s (debtor’s) account & debit sales account
c. debit customer’s (debtor’s) account & credit sales account (Đ)
d. credit customer’s (debtor’s) account & credit sales account
28. The term ‘Transaction on credit’ means ……..
a. taking an ownership of an asset now, but paying for it at later stage (Đ)
b. a record of transactions by category (purchases, for example), or by person or organization.
c. person (or business) to whom money is owed by the business
d. person (or business) who owes money for goods or services supplied by the business
29. Book-keeping entries relating to Credit Purchase are:
a. debit purchases account & credit supplier’s (creditor’s) account (Đ)
b. credit purchases account & debit supplier’s (creditor’s) account
c. credit purchases account & credit supplier’s (creditor’s) account
d. debit purchases account & debit supplier’s (creditor’s) account
30. Book-keeping entries relating to Purchases Returns are:
a. credit Returns Outwards account & debit supplier’s (creditor’s) account (Đ)
b. credit Returns Inwards account & debit debtor’s account
c. debit Returns Inwards account & credit debtor’s account
d. debit Returns Outwards account & credit supplier’s (creditor’s) account
31. The main difference between ‘Expenses’ and ‘Drawings’ is that…….
a. ‘Expenses’ is the costs of running a business and ‘Drawings’ is withdrawals from a business by the owner for the business’ use
b. ‘Expenses’ is the costs of running a business and ‘Drawings’ is withdrawals from a business by the owner for his private use (Đ)
c. ‘Expenses’ is the costs of running a business and ‘Drawings’ is withdrawals from a business by the owner for both his private use and business’ use
d. ‘Drawings’ is the costs of running a business and ‘Expenses’ is withdrawals from a business by the owner for his private use
32. Where balances are carried forward from one page to the next, ‘balance ………’ would appear at the bottom of one page and ‘balance …….’ at the top of the next page.
a. b/d – c/d
b. b/f – c/f
c. c/d – b/d
d. c/f – b/f (Đ)
33. The difference between current account and deposit account is that current account is used for ………… banking and withdrawal of money, and in deposit account withdrawals will be ………….
a. regular/ infrequent (Đ)
b. infrequent/ Regular
c. infrequent/ infrequent
d. regular/ regular
34. From the transaction below: ‘A Smith owed the business £1,800 for the goods sold to him & he paid his debt within required time; hence 3% cash discount was given to him’. How much cash discount was given to him?
a. £1,756
b. £1,746
c. £1,800
d. £54 (Đ)
35. In the transaction below: ‘You owed A John, a creditor for the goods bought from him & you paid your debt within required time; hence A John gave you cash discount’. What kind of discount is it?
a. Cash discount
b. discount allowed
c. Trade discount
d. discount received (Đ)
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