Anh chuyên ngành 1 Kế toán

TIẾNG ANH CHUYÊN NGÀNH I
A .... is someone who owes you money after you sell
him/ her on credit.

debtor

A ....... is someone to whom you owe money after you
buy on credit.

Creditor

A general term for amounts owing to persons other than
the owner is ......
According to double-entry rules, if an asset
increases, .......
According to double-entry rules, if a liability
decreases, .......
‘Balance sheet’ is .........
Book-keeping entries relating to Purchases Returns are:

Liabilities
asset account will be debited
Liability account will be debited
a type of financial statement
credit Returns Outwards account & debit supplier’s
(creditor’s) account
debit purchases account & credit supplier’s (creditor’s)
account
debit Cash/ Bank account & credit Sales account

Book-keeping entries relating to Credit Purchase are:

Book-keeping entries relating to Cash Sales are:
Book-keeping entries relating to Cash Purchases are:

debit purchases account & credit Cash/ Bank
account

Book-keeping entries relating to Credit Sales are:

debit customer’s (debtor’s) account & credit sales
account

Các mục ghi sổ liên quan đến Bán hàng tín dụng là:
Book-keeping entries relating to Payment to creditor are:

debit creditor’s account & credit bank/ cash account

Book-keeping entries relating to Sales Returns are:

debit Returns Inwards account & credit debtor’s
account

Book-keeping entries relating to Payment received from
debtor are:

debit bank/ cash account & credit debtor’s
account
the amount of the owner’s stake in the
business.

‘Capital’ is ................

Calculate Gross Profit from the following details: Cost of
goods sold: £15,200; Sales £23,700, Returns Inwards
£1,420.
Calculate Net Profit from the following details: Gross
profit: £12,400; Expenses £7,550, Commission £420.
Calculate Net Profit from the following details: Gross
profit: £12,000; Rent payable: £1,500; Rent receivable:
£420; Wages: £1,210; Insurance: £300; office expenses:
£420; travelling expenses: £270.
Calculate the total of Assets from the following details:

£7,080
£5,270
£8,720
Tham khảo: (Net profit = Gross profit + other incomes
(rent receivable)) – Expenses: see II.1-L4)
£39,460

Fixed assets: Furniture and fittings: £12,000; Motor
vehicle: £7,000

£19,000

- Current assets: Stock £2,200, Debtors: £1,850, Cash: £
3,410, Bank: £13,000
Calculate Current Liabilities from the following details:
Fixed assets: £53,000; Current assets: £28,500; Capital:
£ 66,500; Long-term liabilities: £8,300.

£6,700

Tham khảo: (see III-L4: Format of Balance sheet: Total
of Assets = Capital + Liabilities (long-term liabilities +
current liabilities)

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TIẾNG ANH CHUYÊN NGÀNH I
Calculate the Fixed Assets from the following details:
Total of assets: £73,600; Stock £2,200, Debtors: £2,800,
Cash: £ 3,240, Bank: £21,300
Calculate Net profit from the following details: Total of
Capital at the end of period: £62,000; capital at the
beginning of period: £48,000; Drawings: £2,420
How is ‘Carriage inwards’ treated in final accounts?

£44,060
Tham khảo: (see III-L4: Fixed assets = Total of Assets Current assets (stock, debtor, cash, bank))
£16,420

Carriage inwards is deducted in the amount of
Purchases
Carriage outwards is added into expense
column

How is ‘Carriage Outwards’ treated in final accounts?
In the following transaction: ‘The owner puts a further
amount into the business by cheque’, which account is
debited and which account is credited?
In the accounting equation, ........

In the transaction ‘wages of £40 are paid in cash’, which
entries are correct?

debit bank account & credit capital account

In the transaction, ‘Goods sold for £210 on credit to T
Smith’, which entries are correct?

Dr T Smith £210 & Cr Sales £210

The two sides will always be equal to one another

Dr wages account £40 & Cr Cash account
£40

(Trong giao dịch, Hàng hóa được bán với giá 210 bảng
cho khoản tín dụng cho T Smith, những mục nào là
đúng?)
The capital equation is:
The word ......... in the heading of the balance sheet is
linked to the idea of the snapshot photograph.
T-type Ledger accounts has the following format:

Assets less liabilities equals capital
At
two-sided account with debit side on the left and credit
side on the right
‘‘Expenses’ is the costs of running a business and
‘Drawings’ is withdrawals from a business by the owner
for his private use

The main difference between ‘Expenses’ and ‘Drawings’
is that.......
The term ‘account’ means .....

a record of transactions by category
(purchases, for example), or by person or
organization.

Thuật ngữ ‘tài khoản có nghĩa là .....

một bản ghi các giao dịch theo danh mục (ví dụ mua hàng),
hoặc theo người hoặc tổ chức.
The term ‘Drawings’ means

withdrawals from a business by the owner for
the owner’s private use: in cash or goods/
services

Thuật ngữ Bản vẽ có nghĩa là

The term ‘Transaction on credit’ means ........

taking an ownership of an asset now, but
paying for it at later stage
£25 Dr

The account ‘T Dove’ has 4 transactions during May,
Year 4, including 2 debit entries with £150 & £80 and 2
credit entries with £170 and £35. How much is the

balance of this account at the end of May, Year 4?
The account ‘Bank’ has 3 transactions during July, Year

£1,590 Dr
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TIẾNG ANH CHUYÊN NGÀNH I
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?
The account ‘T Smith’ has 4 transactions during July,
Year 4, including 2 debit entries with £50 & £80 and 2
credit entries with £170 and £230. How much is the
balance of this account at the end of July, Year 4?
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 .............
The formula for Cost of goods sold is:

£270 Cr
regular/ infrequent

Opening stock+Purchases+Carriage inwardsReturns outwards-Closing stock

........... is a general term for activities of the business.
.............. Ledger is used to record creditor accounts

transactions

Purchases
Cash book
standing order

.............. is used to record Cash & Bank accounts
.............. is direct transfer between bank accounts,
involving fixed accounts at regular intervals.
.............. is a direct means of transferring money through
the bank systems, which is initiated by the paying party.
.................. account is used for regular banking and
withdrawal of money.
............. accounts cover various income and expense
accounts, e.g. sales, wages, etc.
............. accounts cover asset accounts such as
premises, motor vehicles, etc.
............. accounts are individual accounts of debtors and
creditors.
.............. Ledger is used to record debtor accounts

credit transfer
current

nominal
Real
personal

Sales

............. means a charge paid by the firm to carrier for

delivering goods to customers: Cost of distribution
You are presented with the following data:
Assets 13,970
Capital 2,934
Liabilities 11,576
What comment would you make?
Which item below is not an asset?
Which item below is not an expense?
(Mục nào dưới đây không phải là một chi phí?)

carriage outwards

Which account below may have either debit
balance or credit balance?
Which account below only has credit balance?
Which account below only has credit balance?
Which account below only has debit balance?
Which account below is not close off to
Trading account?

Bank

Which account below is close off to Trading account?
Which account below is close off to Profit and Loss

Carriage Inwards
Purchases

the two sides are not equal. One figure must be
incorrect

Creditor
rent receivable
(Tiền cho thuê trụ sở)

Sales
creditor
Cash
Carriage outwards

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TIẾNG ANH CHUYÊN NGÀNH I
account?
Carriage Outwards
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.
4 types of personal accounts include capital, supplier,
customer, and ..........
You can calculate ........... profit in ‘Trading account’.
You can calculate ........... profit in ‘Profit and Loss
account’.

c/f – b/f
drawings
Gross
Net
Income
Expense

From the transaction below: ‘The business owed L
Turner £2,000 for the goods bought from May 20th Year
2. 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?
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?

Cr Discount received £100 & Cr Bank £1,900

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?

£54

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?

£1,746

From the transaction below: ‘A Smith owed the business
£1,500 for the goods sold to him on May 10, Year 2. The
terms of sale allow for 3% cash discount for payment
within 7 days. On May 15, Year 2, A Smith paid his debt
by cheque.’
What entries in the cash book are necessary for this
transaction?

Dr Discount allowed £45 & Dr Bank £1,455

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?

£1,940

From the transaction below: ‘You owed A John, a creditor

£60

discount allowed

(See example II.1 – L5: Discount = £1,800 x 3% = £54)

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TIẾNG ANH CHUYÊN NGÀNH I
£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?

(See example II.1 – L5: Discount = £2,000 x3% = £60)

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?

discount received

In the transaction: ‘Cash sale £1,410, in which £410 was
received in cash’. What entries in the Cash book are
done?
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.
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?
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?
When you received money from debtors who pay their

debts within required time, the discount you give him is
called .............
............ is an amount received from creditors when
paying them within required time.
The total of discount received column in the cash book
will be transferred to ............. Ledger.

Dr Cash £410 & Dr Bank £1,000

Sales Day book is used for …….
…….. is the Source document for Credit Sales
............. is indicated in the invoice
From Sales Day book, detail is transferred
promptly to debtor’s account in .........
From Sales Day book, detail is transferred
monthly to Sales account in ................

Credit sales
Invoice
Both Trade discount and Cash discount
Sales Ledger

................. is indicated in the invoice and recorded in the
accounts.
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?
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?

From the transaction: ‘Credit purchase from A John at list
price of £880, subject to 20% trade discount’. How much
discount will the business receive?

Cash discount

Cr Bank £420 & Dr Cash £420
(See exercise 1-L5: Asset (Cash) increase: Dr Cash a/c
& Asset (Bank) decrease: Cr Bank a/c:

Cr Discount received £8 & Cr Cash £442
Dr Discount allowed £12 & Dr Bank £1,200
discount allowed

discount received
General

General Ledger

£306
£360

Dr Returns Inwards £150 & Cr K Devine
£150
£176
(revise II.2 – L6: £880 x 20% = £176)

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TIẾNG ANH CHUYÊN NGÀNH I
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?

£40
£4
£36
Returns Inwards Day book; Dr Purchases a/c & Cr S
Letts

From the transaction: ‘Return goods to S Letts at list
price £40’. In what Day book and what accounts will it be
recorded?

Returns Outwards Day book; Dr S Letts a/c & Cr Returns
Outwards a/c
The following detail appears in the Purchases Day Book:

T Smith a/c in Purchases Ledger; Purchases
a/c in General Ledger

‘T Smith56/637£656’
To what accounts & Ledgers will this detail be
transferred?
From Sales Day book, detail is transferred promptly
to .......... account in Sales Ledger
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?
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?

Debtor’s

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?
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?
From the transaction: ‘S Smart –a debtor returned goods
to the business’. In what accounts & what ledger will it be
recorded?
The invoice gives details of .................
From the transaction below: ‘The business owed L
Turner £2,000 for the goods bought from May 20th Year
2. 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?
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?

£54

From the transaction below: ‘A Smith owed the business
£1,800 for the goods sold to him & he paid his debt

£54

£704
Purchases Day book; Dr Purchases £225 ; Cr S Letts
£225
Purchases Day book; Dr Purchases £250 ; Cr S Letts
£250

£189

Dr Returns Inwards a/c in General Ledger &
Cr S Smart a/c in Sales Ledger
Both Trade discount and Cash discount

Cr Discount received £100 & Cr Bank £1,900

discount allowed

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TIẾNG ANH CHUYÊN NGÀNH I
within required time; hence 3% cash discount was given

to him’.
How much cash discount was given to him?

(See example II.1 – L5: Discount = £1,800 x 3% = £54)

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?

£1,746

From the transaction below: ‘A Smith owed the business
£1,500 for the goods sold to him on May 10, Year 2. The
terms of sale allow for 3% cash discount for payment
within 7 days. On May 15, Year 2, A Smith paid his debt
by cheque.’
What entries in the cash book are necessary for this
transaction?

Dr Discount allowed £45 & Dr Bank £1,455

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?

£1,940

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?

£60
(See example II.1 – L5: Discount = £2,000 x3% = £60)

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?

discount received

In the transaction: ‘Cash sale £1,410, in which £410 was
received in cash’. What entries in the Cash book are
done?
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.
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?
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?

When you received money from debtors who pay their
debts within required time, the discount you give him is
called .............
............ is an amount received from creditors when
paying them within required time.

Dr Cash £410 & Dr Bank £1,000
Cr Bank £420 & Dr Cash £420
(See exercise 1-L5: Asset (Cash) increase: Dr Cash a/c
& Asset (Bank) decrease: Cr Bank a/c:

Cr Discount received £8 & Cr Cash £442
Dr Discount allowed £12 & Dr Bank £1,200
discount allowed

discount received
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TIẾNG ANH CHUYÊN NGÀNH I
The total of discount received column in the cash book
will be transferred to ............. Ledger.

General

Sales Day book is used for …….
…….. is the Source document for Credit Sales
............. is indicated in the invoice
From Sales Day book, detail is transferred
promptly to debtor’s account in .........

From Sales Day book, detail is transferred
monthly to Sales account in ................

Credit sales
Invoice
Both Trade discount and Cash discount
Sales Ledger

................. is indicated in the invoice and recorded in the
accounts.
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?
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?
From the transaction: ‘Credit purchase from A John at list
price of £880, subject to 20% trade discount’. How much
discount will the business receive?
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?
From the transaction: ‘Return goods to S Letts at list
price £40’. In what Day book and what accounts will it be
recorded?

Cash discount

General Ledger

£306
£360

Dr Returns Inwards £150 & Cr K Devine
£150
£176
(revise II.2 – L6: £880 x 20% = £176)
£4
£36
Returns Inwards Day book; Dr Purchases a/c & Cr S
Letts
Returns Outwards Day book; Dr S Letts a/c & Cr Returns
Outwards a/c

The following detail appears in the Purchases Day Book:

T Smith a/c in Purchases Ledger; Purchases
a/c in General Ledger

‘T Smith56/637£656’
To what accounts & Ledgers will this detail be
transferred?
From Sales Day book, detail is transferred promptly
to .......... account in Sales Ledger
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?
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?

Debtor’s

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?

£54

£704
Purchases Day book; Dr Purchases £225 ; Cr S Letts
£225
Purchases Day book; Dr Purchases £250 ; Cr S Letts
£250

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TIẾNG ANH CHUYÊN NGÀNH I
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?
From the transaction: ‘S Smart –a debtor returned goods
to the business’. In what accounts & what ledger will it be
recorded?
The invoice gives details of .................
Book-keeping entries relating to Payment to creditor are:

£189
[(£250-10%)-(£40-10%)]= £189

Dr Returns Inwards a/c in General Ledger &
Cr S Smart a/c in Sales Ledger
Both Trade discount and Cash discount

debit creditor’s account & credit bank/ cash
account
£5,270

Calculate Net Profit from the following details: Gross
profit: £12,400; Expenses £7,550, Commission £420.

(Net profit = Gross profit + other incomes – Expenses:
see II.1-L4)
£1,690 Dr

The account ‘Bank’ has 3 transactions during July, Year
4, including 1 debit entries with £5,000 and 2 credit
entries with £170 and £240. How much is the balance of
this account at the end of July, Year 4?

£1,590 Dr
£1,690 Cr

T-type Ledger accounts has the following format:

two-sided account with debit side on the left

and credit side on the right

In the transaction ‘wages of £40 are paid in cash’, which
entries are correct?

Cr wages account £40 & Cr Cash account £40
Dr wages account £40 & Cr Cash account £40
Cr wages account £40 & Dr Cash account £40
Liabilities
Debtor
loan

A .... is someone who owes you money after you sell
him/ her on credit.
Which item below is not an asset?

Creditor
£25 Dr

The account ‘T Dove’ has 4 transactions during May,
Year 4, including 2 debit entries with £150 & £80 and 2
credit entries with £170 and £35. How much is the
balance of this account at the end of May, Year 4?
Book-keeping entries relating to Credit Purchase are:

debit purchases account & debit supplier’s (creditor’s)
account
debit purchases account & credit supplier’s (creditor’s)
account

............. means a charge paid by the firm to carrier for
delivering goods to customers: Cost of distribution
Which account below is close off to Profit and Loss
account?

carriage outwards

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.

c/f – b/f

Purchases
Carriage Outwards
Sales

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TIẾNG ANH CHUYÊN NGÀNH I

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