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lệch

> ..Cau trả lời đúng
2..Câu trả lời chưa xác định
1.

kh

ren is a general term for activities of the business.
> transactions
Purchases
Sales
Capital

2.

¬—- is an amount received from creditors when paying them within required time.
> discount received
cash discount
discount allowed
trade discount
¬ naeeeeeuaeaes accounts are individual accounts of debtors and creditors.

> personal
impersonal
nominal

real

"
accounts cover asset accounts such as premises, motor vehicles, etc.
> real
nominal
personal
impersonal
¬
accounts cover various income and expense accounts, e.g. sales, wages, etc.
> nominal
Impersonal
Personal
Real
"¬
means a charge paid by the firm to carrier for delivering goods to customers: Cost
of distribution
> carriage outwards
Carriage inwards
returns inwards
returns outwards


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................. is used to record Cash & Bank accounts
> Cash book

General Ledger
Private Ledger

Sales Ledger

§................ is a direct means of transferring money through the bank systems, which is
initiated by the paying party.
> credit transfer
cheque
direct debit
standing order
9................ is direct transfer between bank accounts, involving fixed accounts at regular
intervals.
> standing order
credit transfer
direct debit
Cheque
10............... Ledger is used to record creditor accounts
> Purchases
General
Private
Sales
11............... Ledger is used to record debtor accounts
> Sales
Private
Purchases
General
12.................. is indicated in the invoice and recorded in the accounts.
> Cash discount
Discount allowed
Discount received
Trade discount

13.................... account is used for regular banking and withdrawal of money.
> current

cheque


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credit transfer

deposit

14. ‘Balance sheet’ is .........
> a type of financial statement
record of transactions by categories
resources or items owned by the business
the amount of the owner’s stake in the business.
15. ‘Capital’ is ................
> the amount of the owner's stake in the business.
record of transactions by categories
resources or items owned by the business
a type of financial statement
16.4 types of personal accounts include capital, supplier, customer, and ..........
> drawings
bank
cash
sales
17.A.... is Someone who owes you money after you sell him/ her on credit.
> debtor
creditor

liabilities
loan
18.A....... is someone to whom you owe money after you buy on credit.
> Creditor
Debtor
Liabilities
Loan
19.A general term for amounts owing to persons other than the owner is ......
> liabilities
creditor
loan
reditordebtor
20. According to double-entry rules, if a liability decreases, .......
> Liability account will be debited
Liability account will be credited


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Liability account will be debited and credited
Liability account will be debited or credited
21.According to double-entry rules, if an asset increases, .......
> asset account will
asset account will be
asset account will be
asset account will be

be debited
credited
debited and credited

debited or credited

22. Book-keeping entries relating to Cash Purchases are:
> debit purchases account & credit Cash/ Bank account
debit purchases account & debit Cash/ Bank account
credit purchases account & debit Cash/ Bank account
credit purchases account & credit Cash/ Bank account
23. Book-keeping entries relating to Cash Sales are:
> debit Cash/ Bank account
credit Cash/ Bank account &
credit Cash/ Bank account &
debit Cash/ Bank account &

& credit Sales account
credit Sales account
debit Sales account
debit Sales account

2A. Book-keeping entries relating to Credit Purchase are:
> debit purchases account & credit suppliers (creditor
s) account
credit purchases account & credit supplier’s (creditor's) account
credit purchases account & debit supplier’s (creditor's) account
debit purchases account & debit supplier’s (creditor's) account
25. Book-keeping entries relating to Credit Sales are:
> debit customer’s (debtor's) account & credit sales account
credit customer's (debtor's) account & credit sales account
credit customer's (debtor’s) account & debit sales account
debit customer’s (debtor’s) account & debit sales account
26. Book-keeping entries relating to Payment received from debtor are:

> debit bank/ cash account & credit debtor’s account
credit bank/ cash account & credit debtor’s account
credit bank/ cash account & debit debtor’s account
debit bank/ cash account & debit debtor's account

27. Book-keeping entries relating to Payment to creditor are:
> debit creditor's account & credit bank/ cash account
credit creditor's account & credit bank/ cash account


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credit creditor's account & debit bank/ cash account
debit creditor's account & debit bank/ cash account

28. Book-keeping entries relating to Purchases Returns are:
> credit Returns Outwards account & debit supplier’s (creditor's) account
credit Returns Inwards account & debit debtor’s account
debit Returns Inwards account & credit debtor’s account
debit Returns Outwards account & credit supplier’s (creditor's) account
29. Book-keeping entries relating to Sales Returns are:
> debit Returns Inwards account & credit debtor’s account
credit Returns Inwards account & debit debtor's account
credit Returns Outwards account & debit supplier’s (creditor's) account
debit Returns Outwards account & credit supplier's (creditor's) account
30. 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
£23,300

£74,800
£81,500

31. Calculate Gross Profit from the following details: Cost of goods sold: £15,200; Sales
£23,700, Returns Inwards £1,420.
> £7,080
£22,280
£8,500
£9,920
32. 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.
> £8,720
£7,880
£8,270
£8,780
33. Calculate Net Profit from the following details: Gross profit: £12,400; Expenses £7,550,
Commission £420.
> £5,270
£4,430
£4,850
£6,370


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34. 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

> £16,420

£11,580
£14,000
£40,600

35. 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
> £44,060
£40,060
£40,600
£44,600
36. Calculate the total of Assets from the following details: Fixed assets: Furniture and fittings:
£12,000; Motor vehicle: £7,000 - Current assets: Stock £2,200, Debtors: £1,850, Cash: £
3,410, Bank: £13,000
> £39,460
£19,000
£20,460
£32,460
37. From Sales Day book, detail is transferred monthly to Sales account in ...........
> General Ledger
Cash book
Purchases Ledger
Sales Ledger
38. From Sales Day book, detail is transferred promptly to .......... account in Sales Ledger
> Debtor's
Cash/ Bank
Creditor’s
Sales
39. 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
Cr Discount allowed £45 & Dr Bank £1,455


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

40. 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
£1,756
£1,800
£1,746
41. 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
£1,756
£1,800
£54
42.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?
> discount allowed

Cash discount

discount received
Trade discount

43.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

£306
£316
£360

44.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?
> £306
£316
£360
£54


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45.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?
> Cr Discount received £100 & Cr Bank £1,900
Cr Discount received £100 & Dr Bank £1,900
Dr Discount received £100 & Cr Bank £1,900

Dr Discount received £100 & Dr Bank £1,900
46.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
£1,960
£2,000
£1,940
47.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
£1,960
£2,000
£60
48.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?

> £176
£167
£704
£880

49.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?
> £704
£176
£740
£880
50. 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?


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> £189
£210
£36
£4
51. 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?
> £36
£210
£4
£40
52. From the transaction: ‘Credit purchase from
trade discount’. In what Day book and what
be recorded?
> Purchases Day book; Dr Purchases £225
Purchases Day book; Dr Purchases £250 ;
Sales Day book; Dr S Letts £225 ; Cr Sales
Sales Day book; Dr S Letts £250 ; Cr Sales

S Letts at list price of £250, subject to 10%
accounts will it be recorded & How much will it
; Cr S Letts £225
Cr S Letts £250

£225
£250

53. 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?
> Dr Returns Inwards £150 & Cr K Devine £150
Cr K Devine £150 & Dr Returns Outwards £150
Cr Returns Inwards £150 & Dr K Devine £150
Dr K Devine £150 & Cr Returns Outwards £150
54. 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

Returns Inwards Day book; Dr Purchases a/c & Cr S Letts
Returns Inwards Day book; Dr Returns Inwards a/c & Cr S Letts

Returns Outwards Day book; Dr Returns Outwards a/c & Cr S Letts a/c

55. From the transaction: ‘S Smart —a debtor returned goods to the business’. In what
accounts & what ledger will it be recorded?
> Dr Returns Inwards a/c in General Ledger & Cr S Smart a/c in Sales Ledger
Cr Returns Outwards a/c in General Ledger & Dr S Smart a/c in Sales Ledger
Dr Returns Inwards a/c in General Ledger & Cr S Smart a/c in Purchases Ledger
Dr Returns Outwards a/c in General Ledger & Cr S Smart a/c in Sales Ledger


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56. How is ‘Carriage inwards’ treated in final accounts?
> Carriage inwards is deducted in the amount of Purchases

Carriage inwards is added to the amount of Purchases
Carriage inwards is deducted in amount of Sales
Carriage inwards is added into expense column
57. How is ‘Carriage Outwards’ treated in final accounts?
> Carriage inwards is added into expense column
Carriage inwards is added to the amount of Purchases
Carriage inwards is deducted in amount of Sales
Carriage inwards is deducted in the amount of Purchases
58. How is ‘Carriage Outwards’ treated in final accounts?
> Carriage outwards is added into expense column
Carriage outwards is added to the amount of Purchases
Carriage outwards is deducted in amount of Sales
Carriage outwards is deducted in the amount of Purchases
59.In the accounting equation, ........
> The two sides will always be equal to one another
The two sides will never be equal to one another
Total of assets is always bigger than total of capital and liabilities
Total of assets is always smaller than total of capital and liabilities
60. In the following transaction: ‘The owner puts a further amount into the business by
cheque’, which account is debited and which account is credited?
> debit bank account & credit capital account
debit bank account & credit the owner’s account
debit the owner’s account & credit bank account
debit the owner’s account & credit capital account
61.In
>
Cr
Cr
Dr

the transaction ‘wages
Dr wages account £40
wages account £40 &
wages account £40 &
wages account £40 &

of
&
Cr
Dr
Dr

£40 are paid in cash’, which entries are correct?
Cr Cash account £40
Cash account £40
Cash account £40
Cash account £40

62. 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
Cash discount


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

> Dr T Smith £210 & Cr Sales £210

Dr Sales £210 & Cr Bank £210

Dr Sales £210 & Cr T Smith £210
Dr Bank £210 & Cr Sales £210
64. In the transaction: ‘Cash sale £1,410, in which £410 was received in cash’. What entries in
the Cash book are done?
> Dr Cash £410 & Dr Bank £1,000
Dr Cash £1,410
Dr Cash £410
Cr Cash £410 & Cr Bank £1,000
65.In the transaction: ‘Paid £442
entries in the Cash book are
> Cr Discount received £8 &
Cr Cash £442
Cr Discount allowed £8 & Cr
Dr Cash £442

in cash to A Dobbs in settlement of a debt of £450’. What
done?
Cr Cash £442
Cash £442

66. In the transaction: ‘Received a cheque of £1,200 from A Smart in full settlement of debt of
£1,212’. What entries in the
> Dr Discount allowed £12
Cr Discount received £12 &
Dr Bank £1,200
Dr Discount allowed £12 &

Cash book are done?
& Dr Bank £1,200
Dr Bank £1,200

Dr Bank £1,212

67. 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 tham quyền của mình thì Tịa án phải trả hồ

sơ cho Viện kiểm sát.

> Cr Bank £420 & Dr Cash £420

Cr Bank £420 & Cr Cash £420
Dr Bank £420 & Cr Cash £420
Dr Bank £420 & Dr Cash £420

68. 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?
> £1,590 Dr


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£1,590 Cr
£1,690 Cr

£1,690 Dr
69. 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
£1,590 Cr
£1,690 Cr
£1,690 Dr

70. 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?
> £25 Dr
£25 Cr
£35 Cr
£35 Dr
71.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?
> £270 Cr
£170 Dr
£170 Cr
£270 Dr
72. The capital equation is:
> Assets less liabilities equals capital
Assets equals capital and liabilities
Capital equals assets less liablities
Liabilities equals assets less capital

73. 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 .............
> regular/ infrequent
infrequent/ infrequent
infrequent/ Regular
regular/ regular


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74. The following detail appears in the Purchases Day Book: “T Smith56/637£656’To what
accounts & Ledgers will this detail be transferred?
> T Smith a/c in Purchases Ledger; Purchases a/c in General Ledger
T Smith a/c and Purchases a/c in General Ledger
T Smith a/c and Purchases a/c in Purchases Ledger
T Smith a/c in General Ledger; Purchases a/c in Purchases Ledger
75. The formula for Cost of goods sold is:
>» Opening stock+Purchases+Carriage inwards-Returns outwards-Closing stock
Opening stock+Purchases+Carriage inwards+Returns outwards —Closing stock
Opening stock+Purchases-Carriage inwards-Returns outwards —Closing stock
Opening stock+Purchases-Carriage inwards-Returns outwards —Closing stock
76. The invoice gives details of.................

> Both Trade discount and Cash discount
Cash discount
Discount allowed
Trade discount

77. The main difference between ‘Expenses’ and ‘Drawings’ is that.......

> ‘Expenses’ is the costs of running a business and ‘Drawings’ is withdrawals from a
business by the owner for his private use
‘Drawings’ is the costs of running a business and ‘Expenses’ is withdrawals from a
business by the owner for his private use
‘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
‘Expenses’ is the costs of running a business and ‘Drawings’ is withdrawals from a
business by the owner for the business’ use
78. The term ‘account’ means .....
> a record of transactions by category (purchases, for example), or by person or
organization.
person (or business) to whom money is owed by the business
person (or business) who owes money for goods or services supplied by the business
taking an ownership of an asset now, but paying for it at later stage
79. The term ‘Drawings’ means
> withdrawals from a business by the owner for the owner’s private use: in cash or
goods/ services
withdrawals from a business by the owner for the business’ private use: in cash or goods/
services
withdrawals from a business by the owner for the business’ use: in cash or goods/


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services
withdrawals from a business by the owner for the use of both the owner and the business:
in cash or goods/ services
80. The term ‘Transaction on credit’ means ........
> taking an ownership of an asset now, but paying for it at later stage
person (or business) to whom money is owed by the business

person (or business) who owes money for goods or services supplied by the business
a record of transactions by category (purchases, for example), or by person or
organization.
81. The total of discount received column in the cash book will be transferred to .............
Ledger.
> General
Private
Purchases
Sales

82. The word ......... in the heading of the balance sheet is linked to the idea of the snapshot
photograph.
> at
equal
month
with
83. T-type Ledger accounts has the following format:
> two-sided account with debit side on the left and credit side on the right
One-sided account only with debit side
two-sided account with credit side on the left and debit side on the right
one-sided account only with credit side
84. When you received money from debtors who pay their debts within required time, the
discount you give him is called .............
> discount allowed
cash discount
discount received
trade discount
85. 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

b/f — c/f


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c/d — b/d
b/d - c/d
86. Which account below is close off to Profit and Loss account?

> Carriage Outwards
Carriage Inwards
Purchases
Sales

87.Which account below is close off to Trading account?
> Carriage Inwards
Carriage Outwards
Rent
Salaries
88. Which item below is not an asset?
> Creditor
Cash
Debtor
Motor vehicle

89. Which item below is not an expense?
> rent receivable
insurance
rent payable

wages, salaries
90. You are presented with the following data:Assets 13,970Capital 2,394Liabilities
11,576What comment would you make?

> the two sides are not equal. One figure must be incorrect
Capital is correct
the equation is correct
the two sides are equal
91. You can calculate ........... profit in ‘Profit and Loss account’.
> Net
Expense
Gross
Income
92. You can calculate ........... profit in ‘Trading account’.
> Gross


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Expense
lncome
Net