Tiếng Anh chuyên ngành Kế toán 1 - AC10 (52)
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?
A. Cr Discount allowed £8 & Cr Cash £442
B. Cr Cash £442
C. Cr Discount received £8 & Cr Cash £442
D. Dr Cash £442
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?
A. £1,940
B. £2,000
C. £60
D. £1,960
Which item below is not an expense?
A. insurance
B. wages, salaries
C. rent payable
D. rent receivable
In the transaction, ‘Goods sold for £210 on credit to T Smith’, which entries are correct?
A. Dr Sales £210 & Cr T Smith £210
B. Dr Sales £210 & Cr Bank £210
C. Dr Bank £210 & Cr Sales £210
D. Dr T Smith £210 & Cr Sales £210
Book-keeping entries relating to Sales Returns are:
A. debit Returns Inwards account & credit debtor’s account
B. credit Returns Outwards account & debit supplier’s (creditor’s) account
C. credit Returns Inwards account & debit debtor’s account
D. debit Returns Outwards account & credit supplier’s (creditor’s) account
Book-keeping entries relating to Purchases Returns are:
A. credit Returns Outwards account & debit supplier’s (creditor’s) account
B. debit Returns Outwards account & credit supplier’s (creditor’s) account
C. credit Returns Inwards account & debit debtor’s account
D. debit Returns Inwards account & credit debtor’s account
Book-keeping entries relating to Credit Purchase are:
A. credit purchases account & debit supplier’s (creditor’s) account
B. credit purchases account & credit supplier’s (creditor’s) account
C. debit purchases account & debit supplier’s (creditor’s) account
D. debit purchases account & credit supplier’s (creditor’s) account
The main difference between ‘Expenses’ and ‘Drawings’ is that.......
A. ‘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
B. ‘Drawings’ is the costs of running a business and ‘Expenses’ is withdrawals from a business by the owner for his private use
C. ‘Expenses’ is the costs of running a business and ‘Drawings’ is withdrawals from a business by the owner for the business’ use
D. ‘Expenses’ is the costs of running a business and ‘Drawings’ is withdrawals from a business by the owner for his private use
Book-keeping entries relating to Cash Sales are:
A. debit Cash/ Bank account & credit Sales account
B. credit Cash/ Bank account & credit Sales account
C. debit Cash/ Bank account & debit Sales account
D. credit Cash/ Bank account & debit Sales account
The term ‘Transaction on credit’ 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. taking an ownership of an asset now, but paying for it at later stage
D. person (or business) who owes money for goods or services supplied by the business
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
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 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?
A. £1,690 Cr
B. £1,590 Cr
C. £1,690 Dr
D. £1,590 Dr
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.
A. b/f – c/f
B. c/d – b/d
C. b/d – c/d
D. c/f – b/f
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
.............. Ledger is used to record debtor accounts
A. Sales
B. Private
C. General
D. Purchases
.............. 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 creditor accounts
A. Sales
B. Purchases
C. General
D. Private
............. accounts are individual accounts of debtors and creditors.
A. personal
B. impersonal
C. real
D. nominal
.............. is direct transfer between bank accounts, involving fixed accounts at regular intervals.
A. standing order
B. direct debit
C. Cheque
D. credit transfer
