test tcctk2 2

31. Which of the following is NOT the requirement of accounting book system in an accounting entity?

 

• A. Accounting book system must ensure the relationship between chronological order and systematic order of book- recording

   

• B. Accounting book system should ensure the relationship between general ledgers and ub-ledgers.

   

• C.Accounting book system should ensure the effectiveness of accounting voucher rotation.

• D.Accounting book system should ensure the procedures of data cross-checking and controlling.

32. What is the structure of an adjusting account for an asset account?

• A.Downward adjusted value on the debit side and upward adjusted value on the credit side.

• B.Upward adjusted value on the debit side and downward adjusted value on the credit side.

• C.Only posting downward adjusted value on the debit side. 

• D.Only posting upward adjusted value on the debit side.

33. What is the determinant for the number of General Ledgers in an accounting book system?

 

• A. The number of accounting vouchers

   

• B. The number of accounting sub-accounts

   

• C. The number of accounting general accounts

   

• D. All of the above.

34. 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 labour 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.

 

• A. (1) only

• B. (1) and (2) only

   

• C. (1) and (3) only

• D. None of the statement are correct

35. Which of the following is NOT about processing and systematization of accounting information?

• A. Application of Value measurement

   

• B. Organization of account system

   

• C. Organization of accounting books system

• D. None of above

36. Accounting objects that need valuing are:

• A. Assets, liabilities, owners' equities, revenue, other income, expenses and business performance results

• B. Assets, liabilities

• C. Assets, liabilities, owners equities

• D. Revenue, other income, expenses and business performance results.

37. In Vietnam, an accounting entity shall establish its chart os accountants based on: 

 

• A. Accounting regulation for enterprises (Circular no 200/2012/TT-BTC)

   

• B. Book recording method of chronological order and systematic order

• C. The level of business equipment

   

• D. Either Accounting regulation for enterprises (Circular No 200/2014/TT-BTC) or Accounting regulation for SMEs (Circular No 133/2016/TT-BTC)

   

38. In Vietnam, Trade payable account has:

 

• A. Debit balance

   

• B. Either a debit or a credit balance

   

• C. A credit balance

   

• D.A zero balance/ No ending balance

39. Accounting books are used for:

• A. Recording and keeping track of accounting information

   

• D. All of above

   

• C. Providing accounting information for users

   

•  

  B. Collecting and systematizing accounting information on the basis of business management

40. In General Journal Voucher accounting form, the information from General journal vouchers are transferred to

 

• A.General Journal 

• B. General Ledgers of related accounts

• C. Voucher Journal

• D. Ledger Journal