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    EXERCISE CHAPTER 1 - Student

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    Hằng Lê
    The document discusses accounting policies and procedures for different types of entities according to Vietnamese law and regulations. It covers topics like which entities apply accounting policies, elements of an accounting voucher, compulsory and non-compulsory vouchers, accounting of on and off-balance sheet accounts, types of financial statements prepared by different entities, and accounting book closing procedures.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    EXERCISE CHAPTER 1 - Student

    Uploaded by

    Hằng Lê
    90 views5 pages
    The document discusses accounting policies and procedures for different types of entities according to Vietnamese law and regulations. It covers topics like which entities apply accounting policies, elements of an accounting voucher, compulsory and non-compulsory vouchers, accounting of on and off-balance sheet accounts, types of financial statements prepared by different entities, and accounting book closing procedures.

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    EXERCISE CHAPTER 1 - student

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    The document discusses accounting policies and procedures for different types of entities according to Vietnamese law and regulations. It covers topics like which entities apply accounting policies, elements of an accounting voucher, compulsory and non-compulsory vouchers, accounting of on and off-balance sheet accounts, types of financial statements prepared by different entities, and accounting book closing procedures.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    90 views5 pages

    EXERCISE CHAPTER 1 - Student

    Uploaded by

    Hằng Lê
    The document discusses accounting policies and procedures for different types of entities according to Vietnamese law and regulations. It covers topics like which entities apply accounting policies, elements of an accounting voucher, compulsory and non-compulsory vouchers, accounting of on and off-balance sheet accounts, types of financial statements prepared by different entities, and accounting book closing procedures.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    EXERCISE CHAPTER 1

    1. Which entities apply/do not apply accounting policy according to Circular


    107/2017/TT-BTC?
    Number Entities Apply Do not
    apply
    1 Public non – profit entities self-finance both
    recurrent and investment expenditures (Group 1)
    2 Public non – profit entities self-finance recurrent
    expenditures (Group 2)
    3 Public non – profit entities self-finance part of
    recurrent expenditures (Group 3)
    4 Public non – profit entities with recurrent
    expenditures guaranteed by the state budget
    (Group 4)
    5 State agencies
    6 State–owned enterprises
    7 The State Bank
    8 The socio-political organizations
    9 Commune People’s Committee
    10 Private enterprises

    2. According to Law on Accounting No 88/2015/QH:


    - Annual accounting period is … months, from …. to….
    - Quartely accounting period is … months, from …. to….
    - Monthly accounting period is … months, from …. to….

    3. According to Law on Accounting No 88/2015/QH, what elements at least


    does an accounting voucher consist of?

    1
    4. According to Circular 107/2017/TT-BTC, which followings are
    compulsory/ not compulsory vouchers?

    Number Voucher Compulsory Not compulsory


    1 Cash Receipt Invoice
    2 Inventory received note/ Goods
    receiving voucher
    3 Cash payment invoice
    4 Salary/payroll sheet
    5 Fixed asset depreciation worksheet
    6 Requisition for Advance payment/
    Advance clearing
    7 Goods delivery note/ Inventory delivery
    voucher
    8 Budget withdrawal voucher
    9 Cash receipt voucher
    10 Payment Order
    11 Debit note
    12 Credit note

    5. According to Circular 107/2017/TT-BTC:


    a. Off-balance sheet accounts are accounted for
    A.Single entry B.Double journal entry
    b.On-balance sheet accounts are accounted for
    A.Single entry B.Double journal entry

    6. According to Circular 107/2017/TT-BTC, which off-balance-sheet accounts


    are related/not related to the state budget?

    2
    Number Account Related to the Not related to the
    state budget state budget
    1 001
    2 002
    3 004
    4 007
    5 008
    6 009
    7 012
    8 013
    9 014
    10 018

    7. According to Circular 107/2017/TT-BTC, the following accounts are


    opened in detail by year (previous year, current year). True/False?
    Number Account True False
    1 Type 1
    2 Type 2
    3 Type 3
    4 Type 4
    5 Type 5
    6 Type 6
    7 Type 7
    8 Type 8
    9 Type 9
    10 Type 0

    8. According to Circular 107/2017/TT-BTC, the following accounts have


    balances at the end of the accounting year. True/False?

    3
    Number Account True False
    1 Type 1
    2 Type 2
    3 Type 3
    4 Type 4
    5 Type 5
    6 Type 6
    7 Type 7
    8 Type 8
    9 Type 9
    10 Type 0

    9. According to Circular 107/2017/TT-BTC, how many financial accounting


    books systems are opened in an annual accounting period?

    10. According to Circular 107/2017/TT-BTC, when the following accounting


    books be closed?
    Number Accounting books At the At the At the At the
    end of end of end of end of
    each day each each each
    month quarter year
    1 Cash book
    2 Bank and treasury deposit
    book
    3 Journal – Ledger
    4 Journal
    5 Ledger

    4
    11. According to Law on Accounting No 88/2015/QH, what methods of
    correcting an accounting book?

    12. According to Circular 107/2017/TT-BTC, which statements of the


    following entities are prepared?
    Number Entity Financial Budgetary
    statements statements
    1 Public non – profit entities self-
    finance both recurrent and
    investment expenditures
    (Group 1) and no source to
    settle with the state budget
    2 Public non – profit entities self-
    finance recurrent expenditures
    (Group 2)
    3 Public non – profit entities self-
    finance part of recurrent
    expenditures (Group 3)
    4 Public non – profit entities with
    recurrent expenditures
    guaranteed by the state budget
    (Group 4)
    5 State Agencies

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