Tiếng Anh chuyên ngành Kế toán 1 - AC10 (52)
T-type Ledger accounts has the following format:
A. two-sided account with debit side on the left and credit side on the right
B. two-sided account with credit side on the left and debit side on the right
C. one-sided account only with credit side
D. One-sided account only with debit side
According to double-entry rules, if an asset increases, .......
A. asset account will be debited or credited
B. asset account will be debited
C. asset account will be credited
D. asset account will be debited and credited
Which item below is not an asset?
A. Creditor
B. Debtor
C. Motor vehicle
D. Cash
According to double-entry rules, if a liability decreases, .......
A. Liability account will be debited
B. Liability account will be credited
C. Liability account will be debited or credited
D. Liability account will be debited and credited
A ....... is someone to whom you owe money after you buy on credit.
A. Loan
B. Liabilities
C. Creditor
D. Debtor
In the following transaction: ‘The owner puts a further amount into the business by cheque’, which account is debited and which account is credited?
A. debit the owner’s account & credit bank account
B. debit the owner’s account & credit capital account
C. debit bank account & credit the owner’s account
D. debit bank account & credit capital account
A general term for amounts owing to persons other than the owner is ......
A. liabilities
B. reditor
C. loan
D. creditor
In the accounting equation, ........
A. The two sides will always be equal to one another
B. The two sides will never be equal to one another
C. Total of assets is always smaller than total of capital and liabilities
D. Total of assets is always bigger than total of capital and liabilities
The word ......... in the heading of the balance sheet is linked to the idea of the snapshot photograph.
A. with
B. at
C. month
D. equal
‘Capital’ is ................
A. the amount of the owner’s stake in the business.
B. a type of financial statement
C. resources or items owned by the business
D. record of transactions by categories
4 types of personal accounts include capital, supplier, customer, and ..........
A. drawings
B. sales
C. bank
D. cash
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?
A. £270 Dr
B. £270 Cr
C. £170 Dr
D. £170 Cr
.............. is direct transfer between bank accounts, involving fixed accounts at regular intervals.
A. standing order
B. direct debit
C. Cheque
D. credit transfer
............. accounts are individual accounts of debtors and creditors.
A. personal
B. impersonal
C. real
D. nominal
.............. Ledger is used to record creditor accounts
A. Sales
B. Purchases
C. General
D. Private
.............. is a direct means of transferring money through the bank systems, which is initiated by the paying party.
A. direct debit
B. cheque
C. standing order
D. credit transfer
.............. Ledger is used to record debtor accounts
A. Sales
B. Private
C. General
D. Purchases
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 .............
A. infrequent/ Regular
B. regular/ regular
C. regular/ infrequent
D. infrequent/ infrequent
Book-keeping entries relating to Credit Sales are:
A. credit customer’s (debtor’s) account & debit sales account
B. debit customer’s (debtor’s) account & credit sales account
C. debit customer’s (debtor’s) account & debit sales account
D. credit customer’s (debtor’s) account & credit sales account
The term ‘account’ means .....
A. a record of transactions by category (purchases, for example), or by person or organization.
B. person (or business) to whom money is owed by the business
C. person (or business) who owes money for goods or services supplied by the business
D. taking an ownership of an asset now, but paying for it at later stage
