Mini Test Năng Lực Tuyển Dụng KPMG

Question 1: Which of the following account will be credited, if business bought goods on credit from Mr. Z?

Question 2: Which of the following account will be credited when a typewriter is sold that has been used in the office?

Question 3: Which of the following subsidiary book(s) is (are) maintained for debtors control account?

Question 4: The IASB’s Conceptual Framework for Financial Reporting identifies characteristics which make financial information faithfully represent what it purports to represent. Which of the following are examples of those characteristics? 1. Accruals 2. Completeness 3. Going concern 4. Neutrality

Question 5: The allocation of the cost of a tangible plant asset to expense in the periods, in which services are received from the asset, is termed as:

Question 6: Interest on loan paid by business is an example of:

Question 7: Which of the following entry will be recorded when the Bad Debts are recovered?

Question 8: Which of the following item will be shown on debit side of debtors account?

Question 9: What would be the value of conversion cost, if the cost of material consumed during the month is $5,000, labor cost incurred is $2,000 and the factory overhead cost is $1,000?

Question 10: Mr. A & B entered into a partnership with an equal share in profit or loss. The agreement provides that Mr. A will receive $10,000 and Mr. B will receive $8,000 as salary allowance. The net income for the year is $85,000. What will be the total share of Mr. A?

Question 11: All of the following have an effect on ‘operating activities’ while preparing the statement of cash flows except:

Question 12: Which of the following financial statement is helpful for the investors and creditors to assess the cash and non-cash aspects of operating, investing and financing transactions on an entity’s financial position?

Question 13: Which of the following items of balance sheet are useful in evaluating a company’s liquidity?

Question 14: If Assets = $99,500 and Owner's equity = $50,500 then Liabilities = ... ?

Question 15: Goods of $1,000 purchased from Mr. “A” were recorded in sales book. The rectification of this error will:

Question 16: Which of the following is not a part of General Ledger?

Question 17: Freya started her business on 1 September. During September she made cash sales of $6,400 and issued credit sales invoices for $10,200, of which $8,600 had been paid. What would be the balance of the sales account in the general ledger at the end of September?

Question 18: A credit sale of goods for $51 to J Davis was entered in the accounts as $15. What type of error has occurred?

Question 19: Which of the following statements are TRUE of limited liability companies? (i) The company’s exposure to debts and liability is limited (ii) Financial statements must be produced (iii) A company continues to exist regardless of the identity of its owners