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ĐỀ KIỂM TRA MÔN Anh văn chuyên ngành 1 AC10 046 According to double entry rules, if a liability decreases, Chọn một câu trả lời a Liability account will be debited Câu trả lời đúng b Liability account.
ĐỀ KIỂM TRA MÔN Anh văn chuyên ngành - AC10.046 According to double-entry rules, if a liability decreases, Chọn câu trả lời: a Liability account will be debited Câu trả lời b Liability account will be debited and credited c Liability account will be credited d Liability account will be debited or credited According to double-entry rules, if an asset increases, Chọn câu trả lời: a asset account will be debited and credited b asset account will be credited c asset account will be debited Câu trả lời d asset account will be debited or credited A general term for amounts owing to persons other than the owner is Chọn câu trả lời: a reditor debtor b loan c liabilities Câu trả lời d creditor A is someone to whom you owe money after you buy on credit Chọn câu trả lời: a Debtor b Loan c Creditor Câu trả lời d Liabilities A is someone who owes you money after you sell him/ her on credit Chọn câu trả lời: a debtor Câu trả lời b creditor c loan d liabilities accounts cover various income and expense accounts, e.g sales, wages, etc Chọn câu trả lời: a Real b Personal c nominal Câu trả lời d Impersonal accounts are individual accounts of debtors and creditors Chọn câu trả lời: a nominal b impersonal c personal Câu trả lời d real accounts cover asset accounts such as premises, motor vehicles, etc Chọn câu trả lời: a real Câu trả lời b personal c impersonal d nominal account is used for regular banking and withdrawal of money Chọn câu trả lời: a current Câu trả lời b deposit c cheque d credit transfer ‘Balance sheet’ is Chọn câu trả lời: a the amount of the owner’s stake in the business b resources or items owned by the business c record of transactions by categories d a type of financial statement Câu trả lời Book-keeping entries relating to Credit Purchase are: Chọn câu trả lời: a debit purchases account & debit supplier’s (creditor’s) account b credit purchases account & debit supplier’s (creditor’s) account c debit purchases account & credit supplier’s (creditor’s) account Câu trả lời d credit purchases account & credit supplier’s (creditor’s) account Book-keeping entries relating to Cash Sales are: Chọn câu trả lời: a debit Cash/ Bank account & credit Sales account Câu trả lời b debit Cash/ Bank account & debit Sales account c credit Cash/ Bank account & debit Sales account d credit Cash/ Bank account & credit Sales account Book-keeping entries relating to Cash Purchases are: Chọn câu trả lời: a credit purchases account & debit Cash/ Bank account b debit purchases account & credit Cash/ Bank account Câu trả lời c credit purchases account & credit Cash/ Bank account d debit purchases account & debit Cash/ Bank account Book-keeping entries relating to Credit Sales are: Chọn câu trả lời: a credit customer’s (debtor’s) account & credit sales account b debit customer’s (debtor’s) account & credit sales account Câu trả lời c debit customer’s (debtor’s) account & debit sales account d credit customer’s (debtor’s) account & debit sales account Book-keeping entries relating to Payment received from debtor are: Chọn câu trả lời: a debit bank/ cash account & credit debtor’s account Câu trả lời b credit bank/ cash account & debit debtor’s account c debit bank/ cash account & debit debtor’s account d credit bank/ cash account & credit debtor’s account Book-keeping entries relating to Purchases Returns are: Chọn câu trả lời: a debit Returns Outwards account & credit supplier’s (creditor’s) account b credit Returns Inwards account & debit debtor’s account c credit Returns Outwards account & debit supplier’s (creditor’s) account Câu trả lời d debit Returns Inwards account & credit debtor’s account Book-keeping entries relating to Sales Returns are: Chọn câu trả lời: a credit Returns Outwards account & debit supplier’s (creditor’s) account b debit Returns Inwards account & credit debtor’s account Câu trả lời c credit Returns Inwards account & debit debtor’s account d debit Returns Outwards account & credit supplier’s (creditor’s) account Book-keeping entries relating to Payment to creditor are: Chọn câu trả lời: a credit creditor’s account & debit bank/ cash account b credit creditor’s account & credit bank/ cash account c debit creditor’s account & debit bank/ cash account d debit creditor’s account & credit bank/ cash account Câu trả lời ‘Capital’ is Chọn câu trả lời: a resources or items owned by the business b the amount of the owner’s stake in the business Câu trả lời c a type of financial statement d record of transactions by categories types of personal accounts include capital, supplier, customer, and Chọn câu trả lời: a drawings Câu trả lời b cash c sales d bank T-type Ledger accounts has the following format: Chọn câu trả lời: a two-sided account with credit side on the left and debit side on the right b One-sided account only with debit side c two-sided account with debit side on the left and credit side on the right Câu trả lời d one-sided account only with credit side The main difference between ‘Expenses’ and ‘Drawings’ is that Chọn câu trả lời: 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 Câu trả lời 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 The total of discount received column in the cash book will be transferred to Ledger Chọn câu trả lời: a Private b Sales c Purchases d General Câu trả lời The term ‘account’ means Chọn câu trả lời: a person (or business) to whom money is owed by the business b a record of transactions by category (purchases, for example), or by person or organization Câu trả lời c taking an ownership of an asset now, but paying for it at later stage d person (or business) who owes money for goods or services supplied by the business The term ‘Transaction on credit’ means Chọn câu trả lời: a person (or business) to whom money is owed by the business b a record of transactions by category (purchases, for example), or by person or organization c taking an ownership of an asset now, but paying for it at later stage Câu trả lời d person (or business) who owes money for goods or services supplied by the business The term ‘Drawings’ means Chọn câu trả lời: a withdrawals from a business by the owner for the use of both the owner and the business: in cash or goods/ services b withdrawals from a business by the owner for the owner’s private use: in cash or goods/ services Câu trả lời 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 The word in the heading of the balance sheet is linked to the idea of the snapshot photograph Chọn câu trả lời: a month b with c at Câu trả lời d equal The account ‘T Dove’ has transactions during May, Year 4, including debit entries with £150 & £80 and credit entries with £170 and £35 How much is the balance of this account at the end of May, Year 4? Chọn câu trả lời: a £35 Cr b £35 Dr c £25 Dr Câu trả lời d £25 Cr The account ‘Bank’ has transactions during July, Year 4, including debit entries with £2,000 and credit entries with £170 and £240 How much is the balance of this account at the end of July, Year 4? Chọn câu trả lời: a £1,590 Dr Câu trả lời b £1,690 Cr c £1,690 Dr d £1,590 Cr The account ‘T Smith’ has transactions during July, Year 4, including debit entries with £50 & £80 and credit entries with £170 and £230 How much is the balance of this account at the end of July, Year 4? Chọn câu trả lời: a £170 Dr b £170 Cr c £270 Cr Câu trả lời d £270 Dr 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 Chọn câu trả lời: a regular/ infrequent Câu trả lời b infrequent/ infrequent c infrequent/ Regular d regular/ regular The capital equation is: Chọn câu trả lời: a Assets equals capital and liabilities b Assets less liabilities equals capital Câu trả lời c Liabilities equals assets less capital d Capital equals assets and liablities The following detail appears in the Purchases Day Book: ‘T Smith56/637£656’ To what accounts & Ledgers will this detail be transferred? Chọn câu trả lời: a T Smith a/c and Purchases a/c in General Ledger b T Smith a/c in General Ledger; Purchases a/c in Purchases Ledger c T Smith a/c and Purchases a/c in Purchases Ledger d T Smith a/c in Purchases Ledger; Purchases a/c in General Ledger Câu trả lời The invoice gives details of Chọn câu trả lời: a Cash discount b Trade discount c Both Trade discount and Cash discount.Câu trả lời d Discount allowed In the accounting equation, Chọn câu trả lời: a Total of assets is always bigger than total of capital and liabilities b Total of assets is always smaller than total of capital and liabilities c The two sides will never be equal to one another d The two sides will always be equal to one another Câu trả lời In the following transaction: ‘The owner puts a further amount into the business by cheque’, which account is debited and which account is credited? Chọn câu trả lời: a debit the owner’s account & credit capital account b debit the owner’s account & credit bank account c debit bank account & credit capital account Câu trả lời d debit bank account & credit the owner’s account 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? Chọn câu trả lời: a discount received Câu trả lời b Cash discount c Trade discount d discount allowed In the transaction: ‘Received a cheque of £1,200 from A Smart in full settlement of debt of £1,212’ What entries in the Cash book are done? Chọn câu trả lời: a Dr Bank £1,200 b Dr Discount allowed £12 & Dr Bank £1,200 Câu trả lời c Cr Discount received £12 & Dr Bank £1,200 d Dr Discount allowed £12 & Dr Bank £1,212 In the transaction ‘wages of £40 are paid in cash’, which entries are correct? Chọn câu trả lời: a Cr wages account £40 & Cr Cash account £40 b Dr wages account £40 & Cr Cash account £40 Câu trả lời c Cr wages account £40 & Dr Cash account £40 d Dr wages account £40 & Dr Cash account £40 In the transaction, ‘Goods sold for £210 on credit to T Smith’, which entries are correct? Chọn câu trả lời: a Dr Sales £210 & Cr Bank £210 b Dr T Smith £210 & Cr Sales £210 Câu trả lời c Dr Sales £210 & Cr T Smith £210 d Dr Bank £210 & Cr Sales £210 In the transaction: ‘Cash sale £1,410, in which £410 was received in cash’ What entries in the Cash book are done? Chọn câu trả lời: a Cr Cash £410 & Cr Bank £1,000 b Dr Cash £1,410 c Dr Cash £410 & Dr Bank £1,000 Câu trả lời d Dr Cash £410 In the transaction: ‘Withdrew £420 from bank to make cash in office’ What entries in the Cash book are done?Nếu vụ án khơng thuộc thẩm quyền Tịa án phải trả hồ sơ cho Viện kiểm sát Chọn câu trả lời: a Cr Bank £420 & Cr Cash £420 b Cr Bank £420 & Dr Cash £420.Câu trả lời c Dr Bank £420 & Cr Cash £420 d Dr Bank £420 & Dr Cash £420 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? Chọn câu trả lời: a Cr Discount received £8 & Cr Cash £442 Câu trả lời b Dr Cash £442 c Cr Cash £442 d Cr Discount allowed £8 & Cr Cash £442 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? Chọn câu trả lời: a £1,940 b £60 Câu trả lời c £2,000 d £1,960 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 did you have to pay? Chọn câu trả lời: a £1,960 b £1,940 Câu trả lời c £60 d £2,000 From the transaction below: ‘A Smith owed the business £1,500 for the goods sold to him on May 10, Year The terms of sale allow for 3% cash discount for payment within days On May 15, Year 2, A Smith paid his debt by cheque.’ What entries in the cash book are necessary for this transaction? Chọn câu trả lời: a Cr Discount allowed £45 & Cr Bank £1,455 b Dr Discount allowed £45 & Dr Bank £1,455 Câu trả lời c Dr Discount allowed £45 & Cr Bank £1,455 d Cr Discount allowed £45 & Dr Bank £1,455 From the transaction below: ‘The business owed L Turner £2,000 for the goods bought from May 20th Year By paying by cheque within a specified time (May 23, Year 2), the business can receive a cash discount of 5%’ What entries in the cash book are necessary for this transaction? Chọn câu trả lời: a Dr Discount received £100 & Cr Bank £1,900 b Dr Discount received £100 & Dr Bank £1,900 c Cr Discount received £100 & Dr Bank £1,900 d Cr Discount received £100 & Cr Bank £1,900 Câu trả lời 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’ What kind of discount is it? Chọn câu trả lời: a discount allowed Câu trả lời b discount received c Trade discount d Cash discount 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? Chọn câu trả lời: a £54 b £1,800 c £1,756 d £1,746 Câu trả lời 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? Chọn câu trả lời: a £1,800 b £1,756 c £1,746 d £54 Câu trả lời 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? Chọn câu trả lời: a £1,960 b £1,940 c £2,000 d £60 Câu trả lời From the transaction: ‘Credit purchase from A John at list price of £880, subject to 20% trade discount’ How much will the business record into Day book? Chọn câu trả lời: a £880 b £704 Câu trả lời c £176 d £740 From the transaction: ‘Credit purchase from S Letts at list price of £250, subject to 10% trade discount; then return goods to S Letts at list price £40’ How much will the business finally owe S Letts? Chọn câu trả lời: a £210 b £36 c £4 d £189 Câu trả lời From the transaction below: ‘Credit sale to P Starkey at list price of £360, subject to 15% trade discount’ How much will be recorded into accounts? Chọn câu trả lời: a £360 b £306 Câu trả lời c £54 d £316 From the transaction below: ‘Credit sale to P Starkey at list price of £360, subject to 15% trade discount’ How much discount will be given to P Starkey? Chọn câu trả lời: a £54 Câu trả lời b £360 c £306 d £316 From the transaction: ‘Credit purchase from S Letts at list price of £250, subject to 10% trade discount; then return goods to S Letts at list price £40’ How much will the business record in Return Outwards account? Chọn câu trả lời: a £210 b £36 Câu trả lời c £4 d £40 From the transaction: ‘K Devine returns to us goods with a list price of £150 No discount was previously made.’ In what accounts will it be recorded? Chọn câu trả lời: a Dr Returns Inwards £150 & Cr K Devine £150 Câu trả lời b Cr K Devine £150 & Dr Returns Outwards £150 c Cr Returns Inwards £150 & Dr K Devine £150 d Dr K Devine £150 & Cr Returns Outwards £150 From the transaction: ‘Credit purchase from S Letts at list price of £250, subject to 10% trade discount’ In what Day book and what accounts will it be recorded & How much will it be recorded? Chọn câu trả lời: a Purchases Day book; Dr Purchases £250 ; Cr S Letts £250 b Sales Day book; Dr S Letts £225 ; Cr Sales £225 c Purchases Day book; Dr Purchases £225 ; Cr S Letts £225.Câu trả lời d Sales Day book; Dr S Letts £250 ; Cr Sales £250 From the transaction: ‘S Smart –a debtor returned goods to the business’ In what accounts & what ledger will it be recorded? Chọn câu trả lời: a Dr Returns Inwards a/c in General Ledger & Cr S Smart a/c in Purchases Ledger b Cr Returns Outwards a/c in General Ledger & Dr S Smart a/c in Sales Ledger c Dr Returns Outwards a/c in General Ledger & Cr S Smart a/c in Sales Ledger d Dr Returns Inwards a/c in General Ledger & Cr S Smart a/c in Sales Ledger Câu trả lời From the transaction: ‘Return goods to S Letts at list price £40’ In what Day book and what accounts will it be recorded? Chọn câu trả lời: a Returns Outwards Day book; Dr Returns Outwards a/c & Cr S Letts a/c b Returns Inwards Day book; Dr Purchases a/c & Cr S Letts c Returns Inwards Day book; Dr Returns Inwards a/c & Cr S Letts d Returns Outwards Day book; Dr S Letts a/c & Cr Returns Outwards a/c Câu trả lời From Sales Day book, detail is transferred monthly to Sales account in Chọn câu trả lời: a Purchases Ledger b Sales Ledger c General Ledger Câu trả lời d Cash book is a general term for activities of the business Chọn câu trả lời: a sales b capital c purchases d transactions Câu trả lời is a direct means of transferring money through the bank systems, which is initiated by the paying party Chọn câu trả lời: a cheque b credit transfer Câu trả lời c standing order d direct debit is used to record Cash & Bank accounts Chọn câu trả lời: a Sales Ledger b Private Ledger c Cash book Câu trả lời d General Ledger is direct transfer between bank accounts, involving fixed accounts at regular intervals Chọn câu trả lời: a direct debit b Cheque c standing order Câu trả lời d credit transfer is an amount received from creditors when paying them within required time Chọn câu trả lời: a trade discount b discount received Câu trả lời c cash discount d discount allowed is indicated in the invoice and recorded in the accounts Chọn câu trả lời: a Discount received b Cash discount Câu trả lời c Discount allowed d Trade discount Ledger is used to record debtor accounts Chọn câu trả lời: a Purchases b Sales Câu trả lời c Private d General Ledger is used to record creditor accounts Chọn câu trả lời: a Purchases Câu trả lời b Sales c General d Private You are presented with the following data: Assets 13,970 Capital 2,934 Liabilities 11,576 What comment would you make? Chọn câu trả lời: a Capital is correct b the equation is correct c the two sides are equal d the two sides are not equal One figure must be incorrect Câu trả lời When you received money from debtors who pay their debts within required time, the discount you give him is called Chọn câu trả lời: a discount allowed Câu trả lời b discount received c cash discount d trade discount 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 Chọn câu trả lời: a b/f – c/f b c/f – b/f Câu trả lời c b/d – c/d d c/d – b/d Which item below is not an asset? Chọn câu trả lời: a Creditor Câu trả lời b Debtor c Motor vehicle d Cash Which item below is not an expense? Chọn câu trả lời: a wages, salaries b rent receivable Câu trả lời c rent payable d insurance ... regular The capital equation is: Chọn câu trả l? ?i: a Assets equals capital and liabilities b Assets less liabilities equals capital Câu trả l? ?i c Liabilities equals assets less capital d Capital equals... account with credit side on the left and debit side on the right b One-sided account only with debit side c two-sided account with debit side on the left and credit side on the right Câu trả l? ?i d... transfer is an amount received from creditors when paying them within required time Chọn câu trả l? ?i: a trade discount b discount received Câu trả l? ?i c cash discount d discount allowed is indicated