BANK ACCOUNTING

Duration: 60 minutes
Class: .....
PART 1 (3 pts) – Theory
Fill in the blank
Matching
PART 2 (7 pts)
Exercise 1
XYZ Bank – HCMC Branch: On 31 May, 2016 (Unit: VND mil)
Accounts Amount Accounts Amount

Cash 400,000 Deposits at the State Bank 400,000

Capital of credit 3,000,000 Depreciation of fixed assets 100,000

institutions
Deposits at other credit 500,000 Deposits of customers 900,000
institutions
Issuing valuable papers 300,000 Risk provision 200,000

Loans to customers 1,500,000 Fixed assets 800,000

Deposits from other 400,000 Other payable 300,000

credit institutions
Fund for Investment 100,000 Other receivable 300,000
and Development
Investment securities 400,000 Loans from other credit 800,000
institutions
Capital contribution, 400,000 Undistributed profits ???
long term investment

Business transaction in Jun, 2016:

1. On 01/6: Customer A deposits 100 mil VND by cash, period 3 months, interest payment at the
due date, interest rate 6%/yr.
2. On 5/6: granting a loan 200 mil VND to customer B to his demand deposit account, period 6
minths, interest rate 8%/yr, principal payment at the due date, interest payment at monthly 5th.
3. On 7/6: the Satate Bank pays Government securities held to maturity. Face value: 10 bil
VND, Period 2 years, interest rate 7%/yr
4. On 25/6: receive customer C’s payment order to pay to customer D in XYZ Bank – Da Nang
Branch, amount 1 bil VND.
Required:
1. Draw up XYZ bank’s Balance Sheet on 31 May, 2016
2. Record these business transaction in order in June, 2016
3. Draw up XYZ bank’s Balance Sheet on 30 Jun, 2016

(see next page)

Additional Information:
Revenues and expenses are recorded everyday at the beginning of the day. There are 365 days in a year.
Money transfering fee: 0,05% (max 500.000 VND, min 20.000 đồng), VAT 10%,

Exercise 2
ABC bank – HCMC branch: May, 201x

Date Transactions Amount Spot rate

(thousand USD)
Balance in 30 Apr 500 20,000
15/5 Buy USD from A bank 500 21,000
20/5 Sell USD to customer B by cash 300 22,000
25/5 Buy USD from customer C by 300 20,000
cash
30/5 Sell USD to D bank 200 21,000
Interbank rates on 31 May, 201x 21,000
Required:
1. Record these business transactions in order.
2. Record Loss or Profit on 31 May, 201x
3. Record currency exchange difference on 31 May, 201x
4. Draw up accounts 4711 và 4712 on 31 May, 201x
ANSWER
Exercise 1
1. Draw up XYZ bank’s Balance Sheet on 31 May, 2016
Balance Sheet
On 31 May, 2016
Unit: mil VND

Accounts Amount Accounts Amount

Cash 400,000
Deposits at the State Bank 400,000 Deposits from other 400,000
credit institutions
Deposits at other credit 500,000 Deposits of customers 900,000
institutions
Cho vay các TCTD khác 800,000 Issuing valuable papers 300,000
Loans to customers 1,500,000 Other payable 300,000
Risk provision (200,000)
Investment securities 400,000

Capital contribution, long 400,000 Capital of credit 3,000,000

term investment institutions
Fixed assets 800,000 Fund for Investment 100,000
and Development
Depreciation of fixed (100,000) Undistributed profits 200,000
assets
Other receivable 300,000
Total 5,200,000 Total 5,200,000

2. Record these business transactions in order in June, 2016

1. Date 01/6
1011 (Dr)/ 4221.A (Cr): 100 mil VND
Record expense every day:
8010 (Dr) / 4913(Cr): 100 mil VND * 6%/365 = 0,0164 mil VND

Expense in Jun, 2016 (29 days): 0,0164 trđ * 29 = 0,4767 mil VND

2. Date 5/6
2111(Dr)/ 4211(Cr): 200 mil VND
Record revenue every day:

3941(Dr)/ 7020(Cr): 200 mil VND * 8%/365 = 0,0438 mil VND

Revenue in Jun, 2016: 0,0438 * 25 = 1,095 mil VND

3. Date 7/6
Principal: 1113(Dr)/ 161.MG(Cr): 10.000 mil VND
Interest: 1113(Dr)/ 3923(Cr): 10.000 mil VND * 7% * 2 = 1.400 mil VND

4. Date 25/6
4211(Dr): 1.000,55 mil VND
519(Cr): 1.000 mil VND
711(Cr): 1.000 mil VND * 0,05% = 0,5 mil VND
4531(Cr): 0,05 mil VND

3. Draw up XYZ bank’s Balance Sheet on 30 Jun, 2016

Balance Sheet
On 30 Jun, 2016
Unit: mil VND

Accounts Amount Accounts Amount

Cash 400,100.00
Deposits at the State 411,400.00 Deposits from other 400,000.00
Bank credit institutions
Deposits at other credit 500,000.00 Deposits of customers 899,299.45
institutions
Cho vay các TCTD khác 800,200.00 Issuing valuable papers 300,000.00
Loans to customers 1,500,000.00 Other payable 300,000.53
Risk provision (200,000.00)
Investment securities 390,000.00

Capital contribution, 400,000.00 Capital of credit 3,000,000.00

long term investment institutions
Fixed assets 800,000.00 Fund for Investment 100,000.00
and Development
Depreciation of fixed (100,000.00) Undistributed profits 200,001.12
assets
Other receivable 297,601.10
Total 5,199,301.10 Total 5,199,301.10

Exercise 2
1. Record these business transaction in order
Date 15/5:
1123 (Dr)/ 4711 (Cr): 500.000 USD
4712(Dr)/ 1113(Cr): 500.000 USD * 21.000 = 10.500 trđ

Date 20/5:
4711(Dr)/ 1031(Cr): 300.000 USD
1011(Dr)/ 4712(Cr): 300.000 USD * 22.000 = 6.600 trđ
Date 25/5:
1031(Dr)/ 4711(Cr): 300.000 USD
4712(Dr)/ 1011(Cr): 300.000 USD * 20.000 = 6.000 trđ

Date 30/5:
4711(Dr)/ 1113: 200.000 USD
1123(Dr)/ 4712: 200.000 USD * 21.000 = 4.200 trđ

2. Record Loss or Profit on 31 May, 201x

Average rate in May, 201x: 20.384,62
Sell: 300 * 22.000 + 200 * 21.000 = 10.800 trđ
Buy: 500 * 20.384,62 = 10.192,307 trđ
Profit: 10.800 trđ - 10.192,307 trđ = 607,69 trđ

4712(Dr) / 721 (Cr): 607,69 trđ

3. Record currency exchange difference on 31 May, 201x

Balance at the end of month: 800.000 USD
Bid rate: 800.000 USD * 20.384,62 = 16.307,69 mil VND
Interbank rate: 800.000 USD * 21.000 = 16.800 mil VND
Difference: 492,31 mil VND

4712 (Dr)/ 631 (Cr): 492,31 mil VND

4. Draw up accounts 4711 và 4712 on 31 May, 201x

4711
500
500
300
300
200
500 800
800

4712

10,000.00

10,500.00

6,600.00
6,000.00

4,200.00

607.69

492.31

17,600.00 10,800.00

16,800.00