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ANH VĂN CHUYÊN NGÀNH 2 – AC11
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. ………..cheques and amounts paid in, not yet credited are used to
prepare the bank reconciliation statement.
blank
dishonored
drawn
unpresented
A ………… cheque is one which the bank refuses to pay for various
reasons.
blank
dishonored
drawn
unpresented
A bad debt recovered account is used to record the recovery of bad
debts ………the financial year in which they were written off.
after
before
during
on

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A bank account with overdraft has a debit balance.
False
True
A bank reconciliation statement is prepared to ………. between the
cash book and bank statement balances.
explain
identify
reconcile
update
A debit balance on the insurance account means that insurance
premiums have been paid in advance.
False
True
A journal entry always includes a debit and a credit entry.
False
True
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.
narrative
cause
sentence
word
A petty cash book voucher has to be completed and ……… before
payment is made.
authorized
made

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obtained
written
A prepaid expense is added to the expense item from the trial
balance.
False
True
A prepaid expense is shown as a current asset in the balance sheet.
False
True
A prepaid expense requires no year-end adjustment.
False
True
A prepaid income is an income received in…………of the accounting
period that it relates to.
advance
ahead
front
terms
A provision for doubtful debt is set at a ………….of debtors.
number
percentage
rank
rate
A stale cheque might be a dishonored one.
False
True

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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.
little
lot
part
whole
Accrual of income means that income due …………. the financial year
has not been received by the end of the year.
for
of
to
with
Alternative names for the Journal are the ……….. Journal or Journal
Proper.
general
generalize
generous
popular
Amounts due from debtors, which are individually written off should
be debited to bad debts account.
False
True
Amounts paid in but not yet included in the bank statement are
called unpresented cheques.
False
True
An accrual of expense remains ………at the end of that period.
due

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owed
paid
unpaid
An accrued expense is shown amongst the liabilities in the balance
sheet.
False
True
An accrued expense is shown as an amount due within 1 year in the
balance sheet.
False
True
An accrued expense represents an expense paid in advance.
False
True
An error in addition is one not affecting the trial balance agreement.
False
True
An error overstating an expense item would also overstate the net
profit.
False
True
An error understating an income item would also understate capital.
True
False
An error understating the purchases amount would overstate gross
profit.


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True
False
An expense accrual appears in the balance sheet as a………..
current asset
current liability
fixed asset
long-term liability
An expense prepayment appears in the balance sheet as a……………..
current asset
current liability
fixed asset
long-term liability
An income accrual appears in the balance sheet as a…………..
current asset
current liability
fixed asset
long-term liability
An income prepayment appears in the balance sheet as a……………
current asset
current liability
fixed asset
long-term liability
Any debt written off must be charged against the profit by means of
a ……….entry in the profit and loss account.
credit
debit
right

wrong
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Any debts written off are a/an …………of the business.
benefit
expense
gain
loss
Any decrease in the provision for doubtful debt will be seen as an
expense to the firm.
False
True
Any decrease in the provision for doubtful debts is a ……….. to the
firm.
benefit
growth
loss
reduction
Any increase in a depreciation provision is credited to the Profit and
Loss account.
False
True
Any increase in the provision for doubtful debt will be debited to the
P/L account.
False
True
Any………..in depreciation provision is charged against profit.
going up
growing

increase
increasing
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Bad debts are debts that the business is unable to………..
buy
collect
give
pay
Bad debts written off are not shown in the balance sheet.
False
True
Bank charges are the income of the business.
False
True
Capital expenditure decreases the figure of assets in the balance
sheet.
False
True
Capital expenditure is aimed at providing long-term benefits.
False
True
Capital expenditure is the money spent on the ………… of fixed
assets or on improvements to fixed assets.
disposal
purchase
sale
scrap
Closing stock appears ………in the final accounts.

twice
four times
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once
three times
Closing stock appears both in the trading account and in the
balance sheet.
True
False
Closing stock is included in the trial balance.
False
True
Costs of business belong to capital expenditure.
False
True
Debts may be written off at……………times throughout the year.
different
few
same
several
Depreciation is the estimate of the …………in value of fixed assets
over a period of time.
fall
falling
growth
increase
Depreciation provision account has a credit balance.
False

True

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Differences in the cash book and bank statement balances could be
due to time………..
causes
changes
differences
shifts
Drawings can be in the form of business facilities.
True
False
Drawings can only be in the form of bank or cash.
False
True
Drawings cannot be in the form of goods that the business deal.
False
True
Drawings is …………from capital in the balance sheet.
deducted
added
different
less
Drawings is added to capital in the balance sheet.
False
True
Drawings might also take the …….of goods for private use
form

effect

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format
layout
Drawings might also take the form of using business………for private
purposes.
facilities
expenditure
expenses
facilitate
During the period, the petty cashier can make payments up to the
value of the ………….
account
budget
float
fund
Errors are …………… using journal entries.
corrected
caused
created
made
Errors in figures in the trading and profit and loss account will affect
the ………………. of profits.
calculation
cause
leading
resulting

Errors in figures in the trading and profit and loss account will affect
the calculation of profits.

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True
False
Errors of commission occur when a transaction is entered in the
wrong class of account.
False
True
Errors of duplication occur when a transaction is entered twice in
the book.
False
True
Errors of original entry happen when the entries have been made
with the amount being entered wrongly in one account.
False
True
Expenditure incorrectly treated as capital expenditure will overstate
the …………… on the balance sheet.
assets
capital
debtors
liabilities
Expenditure incorrectly treated as capital expenditure will overstate
the assets on the balance sheet.
False
True

Expenditure incorrectly treated as revenue expenditure will
overstate expenses and ………….. profits.
increase
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raise
reduce
rise
Expenditure incorrectly treated as revenue expenditure will
understate expenses and increase profits.
False
True
Expenses and incomes need to be…………..to the correct accounting
period.
listen
listening
match
matched
If drawings is in the form of cash, ……..account is credited.
cash
bank
capital
drawings
If drawings is in the form of goods, it is necessary to show
a……….from purchases in the trading caccount.
deduction
decrease
deduct
reduce

If trading and profit and loss accounts are presented in a two sided
form, it is called the …….form.
horizontal
long
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short
vertical
If you take no account year-by-year of the fall in value of fixed
assets, the annual profit figures are………
overstated
undercast
underestimated
understated
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 ………
overstated
undercast
underestimated
understated
In allowing for depreciation of fixed assets, you estimate the
amount to be received on………..
disposal
disposing
sale
selling
In straight line method to calculate depreciation, the eventual
disposal…………..is estimated.
cost

estimate
price
value
In the account of provision for depreciation, it is only necessary to
……….down the balance once two entries have been made.
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bring
carry
get
put
In the balance sheet, each fixed asset is shown at………..less total
depreciation to date.
cost
once
price
time
In the balance sheet, the net profit is added to capital.
False
True
In the balance sheet, the net profit is added to………….
capital
debtors
drawings
stock
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.
False

True
In the petty cash book, the total of the analysis column totals and
the total of payments are not necessarily equal.
False
True

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Omission is an error affecting the trial balance agreement.
False
True
Once the provision for doubtful debts has been created, it remains
in the books until………..
amended
changed
left
moved
One of the reasons for a dishonored cheque is that the drawer has
not……..……funds in his bank account.
many
much
several
sufficient
One of the reasons for a dishonored cheque is that there may be
something………in the way the cheque has been written.
correct
different
incorrect
strange

Opening stock appears ………in the final accounts.
once
four times
three times
twice
Petty cash book is set up to deal with…………payments.
enormous
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big
large
small
Petty cash operates on the imprest………….
system
measure
method
way
Provision for depreciation has a…………..balance.
correct
credit
debit
false
Reimbursement of the petty cash float may be done on the last day
of the period or on the first day of the ………. period.
next
accounting
annual
financial
Revenue expenditure is chargeable to the trading and profit and

loss account while capital expenditure results in ………… figures for
the balance sheet.
decreased
fallen
increased
reduced
Revenue expenditure is chargeable to the trading and profit and
loss account.
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False
True
Revenue expenditure is the day-to-day …………. costs of a business.
going
jogging
running
walking
Stock included in the balance sheet is the opening stock.
False
True
Straight line method is also termed the fixed …………..method.
asset
division
installment
period
The ………… column is used to record the receipt of money into petty
cash.
receipts
analysis

date
details
The accrual amount is ……………to the figure shown in the trial
balance when including the item in the profit and loss account.
added
less
paid
plus

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The amount paid out is then ……….. to the petty cashier at the end
of the period.
reimbursed
drawn
given
lent
The asset account balance is not reduced by the …………..provision
for depreciation.
annual
daily
hourly
monthly
The asset account balance is reduced when the asset is sold
or……….
bought
given
kept
scrapped

The asset account has a………….balance.
correct
credit
debit
false
The asset account is reduced by the annual provision for
depreciation.
False
True

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