AC11 - ANH VĂN CHUYÊN NGÀNH 2

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1. . ………..cheques and amounts paid in, not yet credited are used to prepare the bank reconciliation statement.
► unpresentedu
blankb
dishonoredd
drawnd

2. A ………… cheque is one which the bank refuses to pay for various reasons.
► dishonoredd
blankb
drawnd
unpresentedu

3. A bad debt recovered account is used to record the recovery of bad debts ………the financial year in which they were
written off.
► aftera
beforeb
duringd
ono

4. A bank account with overdraft has a debit balance.

► FalseF
TrueT

5. A bank reconciliation statement is prepared to ………. between the cash book and bank statement balances.
► reconciler
explaine
identifyi
updateu

6. A debit balance on the insurance account means that insurance premiums have been paid in advance.
► TrueT
FalseF

7. A journal entry always includes a debit and a credit entry.

► FalseF
TrueT

8. A journal entry states which account is to be debited and which account is to be credited, along with a ……….. to
explain the reason for the entry.
► narrativen
causec
sentences
wordw

9. A petty cash book voucher has to be completed and ……… before payment is made.
► authorizeda
madem
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obtainedo
writtenw

10. A prepaid expense is added to the expense item from the trial balance.
► FalseF
TrueT

11. A prepaid expense is shown as a current asset in the balance sheet.

► TrueT
FalseF

12. A prepaid expense requires no year-end adjustment.

► FalseF
TrueT

13. A prepaid income is an income received in…………of the accounting period that it relates to.
► advancea
aheada
frontf
termst

14. A provision for doubtful debt is set at a ………….of debtors.

► percentagep
numbern
rankr
rater

15. A stale cheque might be a dishonored one.

► TrueT
FalseF

16. A………..of a debt may be written off as a bad debt if the debtor is not able to pay all of what is owed.
► partp
littlel
lotl
wholew

17. Accrual of income means that income due …………. the financial year has not been received by the end of the year.
► forf
ofo
tot
withw

18. Alternative names for the Journal are the ……….. Journal or Journal Proper.
► generalg
generalizeg
generousg
popularp

19. Amounts due from debtors, which are individually written off should be debited to bad debts account.
► TrueT
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FalseF

20. Amounts paid in but not yet included in the bank statement are called unpresented cheques.
► FalseF
TrueT

21. An accrual of expense remains ………at the end of that period.

► unpaidu
dued
owedo
paidp

22. An accrued expense is shown amongst the liabilities in the balance sheet.
► TrueT
FalseF

23. An accrued expense is shown as an amount due within 1 year in the balance sheet.
► TrueT
FalseF

24. An accrued expense represents an expense paid in advance.

► FalseF
TrueT

25. An error in addition is one not affecting the trial balance agreement.
► FalseF
TrueT

26. An error overstating an expense item would also overstate the net profit.
► FalseF
TrueT

27. An error understating an income item would also understate capital.

► TrueT
FalseF

28. An error understating the purchases amount would overstate gross profit.
► TrueT
FalseF

29. An expense accrual appears in the balance sheet as a………..

► currentcliabilityl
currentcasseta
fixedfasseta
long-termlliabilityl

30. An expense prepayment appears in the balance sheet as a……………..

► currentcasseta
currentcliabilityl
fixedfasseta
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long-termlliabilityl

31. An income accrual appears in the balance sheet as a…………..

► currentcasseta
currentcliabilityl
fixedfasseta
long-termlliabilityl

32. An income prepayment appears in the balance sheet as a……………

► currentcliabilityl
currentcasseta
fixedfasseta
long-termlliabilityl

33. Any debt written off must be charged against the profit by means of a ……….entry in the profit and loss account.
► debitd
creditc
rightr
wrongw

34. Any debts written off are a/an …………of the business.
► expensee
benefitb
gaing
lossl

35. Any decrease in the provision for doubtful debt will be seen as an expense to the firm.
► FalseF
TrueT

36. Any decrease in the provision for doubtful debts is a ……….. to the firm.
► benefitb
growthg
lossl
reductionr

37. Any increase in a depreciation provision is credited to the Profit and Loss account.
► FalseF
TrueT

38. Any increase in the provision for doubtful debt will be debited to the P/L account.
► TrueT
FalseF

39. Any………..in depreciation provision is charged against profit.

► increasei
goinggupu
growingg
increasingi

40. Bad debts are debts that the business is unable to………..
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► collectc
buyb
giveg
payp

41. Bad debts written off are not shown in the balance sheet.
► TrueT
FalseF

42. Bank charges are the income of the business.

► FalseF
TrueT

43. Capital expenditure decreases the figure of assets in the balance sheet.
► FalseF
TrueT

44. Capital expenditure is aimed at providing long-term benefits.

► TrueT
FalseF

45. Capital expenditure is the money spent on the ………… of fixed assets or on improvements to fixed assets.
► purchasep
disposald
sales
scraps

46. Closing stock appears ………in the final accounts.

► twicet
fourftimest
onceo
threettimest

47. Closing stock appears both in the trading account and in the balance sheet.
► TrueT
FalseF

48. Closing stock is included in the trial balance.

► FalseF
TrueT

49. Costs of business belong to capital expenditure.

► FalseF
TrueT

50. Debts may be written off at……………times throughout the year.

► differentd
fewf
sames
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severals

51. Depreciation is the estimate of the …………in value of fixed assets over a period of time.
► fallf
fallingf
growthg
increasei

52. Depreciation provision account has a credit balance.

► TrueT
FalseF

53. Differences in the cash book and bank statement balances could be due to time………..
► differencesd
causesc
changesc
shiftss

54. Drawings can be in the form of business facilities.

► TrueT
FalseF

55. Drawings can only be in the form of bank or cash.

► FalseF
TrueT

56. Drawings cannot be in the form of goods that the business deal.
► FalseF
TrueT

57. Drawings is …………from capital in the balance sheet.

► deductedd
addeda
differentd
lessl

58. Drawings is added to capital in the balance sheet.

► FalseF
TrueT

59. Drawings might also take the …….of goods for private use
► formf
effecte
formatf
layoutl

60. Drawings might also take the form of using business………for private purposes.
► facilitiesf
expendituree
expensese
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facilitatef

61. During the period, the petty cashier can make payments up to the value of the ………….
► floatf
accounta
budgetb
fundf

62. Errors are …………… using journal entries.

► correctedc
causedc
createdc
madem

63. Errors in figures in the trading and profit and loss account will affect the ………………. of profits.
► calculationc
causec
leadingl
resultingr

64. Errors in figures in the trading and profit and loss account will affect the calculation of profits.
► TrueT
FalseF

65. Errors of commission occur when a transaction is entered in the wrong class of account.
► FalseF
TrueT

66. Errors of duplication occur when a transaction is entered twice in the book.
► TrueT
FalseF

67. Errors of original entry happen when the entries have been made with the amount being entered wrongly in one
account.
► FalseF
TrueT

68. Expenditure incorrectly treated as capital expenditure will overstate the …………… on the balance sheet.
► assetsa
capitalc
debtorsd
liabilitiesl

69. Expenditure incorrectly treated as capital expenditure will overstate the assets on the balance sheet.
► TrueT
FalseF

70. Expenditure incorrectly treated as revenue expenditure will overstate expenses and ………….. profits.
► reducer
increasei
raiser
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riser

71. Expenditure incorrectly treated as revenue expenditure will understate expenses and increase profits.
► FalseF
TrueT

72. Expenses and incomes need to be…………..to the correct accounting period.
► matchedm
listenl
listeningl
matchm

73. If drawings is in the form of cash, ……..account is credited.

► cashc
bankb
capitalc
drawingsd

74. If drawings is in the form of goods, it is necessary to show a……….from purchases in the trading caccount.
► deductiond
decreased
deductd
reducer

75. If trading and profit and loss accounts are presented in a two sided form, it is called the …….form.
► horizontalh
longl
shorts
verticalv

76. If you take no account year-by-year of the fall in value of fixed assets, the annual profit figures are………
► overstatedo
undercastu
underestimatedu
understatedu

77. If you take no account year-by-year of the fall in value of fixed assets, the value of assets in the balance sheet is
………
► overstatedo
undercastu
underestimatedu
understatedu

78. In allowing for depreciation of fixed assets, you estimate the amount to be received on………..
► sales
disposald
disposingd
sellings

79. In straight line method to calculate depreciation, the eventual disposal…………..is estimated.
► valuev
costc
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estimatee
pricep

80. In the account of provision for depreciation, it is only necessary to ……….down the balance once two entries have
been made.
► bringb
carryc
getg
putp

81. In the balance sheet, each fixed asset is shown at………..less total depreciation to date.
► costc
onceo
pricep
timet

82. In the balance sheet, the net profit is added to capital.

► TrueT
FalseF

83. In the balance sheet, the net profit is added to………….

► capitalc
debtorsd
drawingsd
stocks

84. In the petty cash book, any payment item has to be entered twice, once in the total column and once in the
appropriate analysis column.
► TrueT
FalseF

85. In the petty cash book, the total of the analysis column totals and the total of payments are not necessarily equal.
► FalseF
TrueT

86. Omission is an error affecting the trial balance agreement.

► FalseF
TrueT

87. Once the provision for doubtful debts has been created, it remains in the books until………..
► changedc
amendeda
leftl
movedm

88. One of the reasons for a dishonored cheque is that the drawer has not……..……funds in his bank account.
► sufficients
manym
muchm
severals
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89. One of the reasons for a dishonored cheque is that there may be something………in the way the cheque has been
written.
► stranges
correctc
differentd
incorrecti

90. Opening stock appears ………in the final accounts.

► onceo
fourftimest
threettimest
twicet

91. Petty cash book is set up to deal with…………payments.

► enormouse
bigb
largel
smalls

92. Petty cash operates on the imprest………….

► systems
measurem
methodm
wayw

93. Provision for depreciation has a…………..balance.

► creditc
correctc
debitd
falsef

94. Reimbursement of the petty cash float may be done on the last day of the period or on the first day of the ……….
period.
► nextn
accountinga
annuala
financialf

95. Revenue expenditure is chargeable to the trading and profit and loss account while capital expenditure results in
………… figures for the balance sheet.
► increasedi
decreasedd
fallenf
reducedr

96. Revenue expenditure is chargeable to the trading and profit and loss account.
► TrueT
FalseF

97. Revenue expenditure is the day-to-day …………. costs of a business.

► runningr
goingg
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joggingj
walkingw

98. Stock included in the balance sheet is the opening stock.

► FalseF
TrueT

99. Straight line method is also termed the fixed …………..method.

► installmenti
asseta
divisiond
periodp

100. The ………… column is used to record the receipt of money into petty cash.
► receiptsr
analysisa
dated
detailsd

101. The accrual amount is ……………to the figure shown in the trial balance when including the item in the profit and
loss account.
► addeda
lessl
paidp
plusp

102. The amount paid out is then ……….. to the petty cashier at the end of the period.
► reimbursedr
drawnd
giveng
lentl

103. The asset account balance is not reduced by the …………..provision for depreciation.
► annuala
dailyd
hourlyh
monthlym

104. The asset account balance is reduced when the asset is sold or……….
► scrappeds
boughtb
giveng
keptk

105. The asset account has a………….balance.

► debitd
correctc
creditc
falsef

106. The asset account is reduced by the annual provision for depreciation.
► FalseF
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TrueT

107. The bad debts account serves as a ………….point for debts written off over the year.
► collectionc
arrivala
comingc
finalf

108. The balance sheet will show the total of debtor after the provision for doubtful debts being deducted.
► FalseF
TrueT

109. The balance sheet will show the total of debtor before writing off bad debts.
► FalseF
TrueT

110. The balance used in preparing the bank reconciliation statement is that of the unupdated cash book.
► FalseF
TrueT

111. The cash book is …………. with items revealed by the bank statement, e.g. bank charges, credit transfer, direct
debit, etc.
► updatedu
drawndupu
preparedp
setsupu

112. The first step in updating the cash book is to tick the items both appear in the cash book and bank statement.
► TrueT
FalseF

113. The first step in updating the cash book is to tick the items that………….in both cash book and bank statement.
► appeara
comec
displayd
shows

114. The float cannot be amended, it is set as a fixed amount.

► FalseF
TrueT

115. The items picked up from the bank statement are entered into the cash book as at the last date of the period.
► TrueT
FalseF

116. The items picked up from the bank statement should not appear in the …………statement.
► reconciliationr
preparedp
sales
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updatedu

117. The journal is a kind of book of prime entry.

► TrueT
FalseF

118. The Journal is not a part of the double entry system; it is just a form of ………… supporting the double entry.
► diaryd
bookb
noten
notebookn

119. The journal is used to record transactions that are not entered in the other books of ………… entry.
► originalo
creditc
debitd
doubled

120. The main difference between the two types of expenditure is the ………… of time the expenditure is of benefit to
the business.
► lengthl
depthd
heighth
weightw

121. The main………….of depreciation are physical deterioration, economic factors and time factors.
► causesc
causec
ideasi
itemsi

122. The petty cash book has …………. columns for each category of expenditure.
► analysisa
detailedd
differentd
manym

123. The petty cash book is a book of ………. entry as well as a ledger account.
► originalo
creditc
debitd
doubled

124. The prepaid amount is …………..from the figure shown in the trial balance when including the item in the profit and
loss account.
► subtracteds
addeda
lessl
plusp

125. The provision for depreciation …………up the amount of depreciation year by year.
► buildb
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growg
keepk
makem

126. The provision for doubtful debt has a credit balance.

► TrueT
FalseF

127. The provision for doubtful debt is never adjusted.

► FalseF
TrueT

128. The provisional profits may change as a result of error …………….

► correctionc
commissionc
compensationc
duplicationd

129. The purchase and sale of fixed assets is always made diary notes on in the journal.
► FalseF
TrueT

130. The reconciliation process has two………….

► stagess
measuresm
methodsm
waysw

131. The reconciliation statement will start with the balance as…………..the bank statement.
► perp
forf
ofo
withw

132. The reduced balance is the cost of the asset less depreciation to …………
► dated
dayd
hourh
minutem

133. The reducing balance method is also termed the………….balance method.

► diminishingd
decreasingd
fallingf
goinggdownd

134. The reimbursement can only take place on the last day of the period (e.g. the month).
► TrueT
FalseF

135. The third step in updating the cash book is that the cash book is ……………to obtain the up-to-date balance.
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► re-balancedr
calculatedc
drawndupu
preparedp

136. The trading and profit and loss account only has one form to be display.
► FalseF
TrueT

137. The use of the Journal reduces the chances of ……….. a transaction and makes fraud by book-keepers more
difficult.
► omittingo
leavingl
recordingr
rememberingr

138. The use of the petty cash book saves the cash book and ledger accounts from being ………… with a lot of minor
details.
► overcrowdedo
heavyh
manym
muchm

139. The value closing stock has got an ……..on the profit for the period.
► effecte
affecta
affectiona
effectivee

140. The value closing stock has got an effect on the profit for the period.
► TrueT
FalseF

141. The voucher numbers are entered in …………

► sequences
casec
timet
turnt

142. The word ‘estimate’ in allowing for depreciation of fixed assets means that you are estimating the working……….of
the asset.
► timet
hoursh
lifel
periodp

143. There are two ways in preparing the bank reconciliation statement.
► TrueT
FalseF

144. There is likely to be either a ……….or a profit arising out of the sale of a fixed asset.
► lossl
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decreased
fallf
reducer

145. To correct the error of reversal of entries, we need to double the original amount in the entries made.
► TrueT
FalseF

146. Totals from the analysis columns are posted to the ………. accounts at the end of the month.
► ledgerl
appropriatea
relevantr
suitables

147. When a fixed asset is sold, there are ………… elements to take account of.
► 33
22
44
55

148. Where business ………… (e.g. telephone) are used for the owner’s personal use, this is also regarded as drawings,
and adjustments must be made at the end of the year to reflect this.
► facilitiesf
equipmentse
expensese
servicess

149. With the straight line method of depreciation, the estimated disposal value should not be allowed for in calculating
the annual depreciation provision.
► FalseF
TrueT

150. Year-end ……………… are necessary to give a true and fair picture, as far as possible, of the performance of the
business over the period.
► adjustmentsa
accountsa
calculationsc
performancep

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