Question 1: T&T company has following documents in June 2016: (CU: 1.

000 VND)
The Opening balances of:
• Acc 211: 6.000.000
• Acc 214: 1.870.000
In June 2016, there were several transactions incurred:
1. Accrual expenses of the fixed assets repairs: 190.000
a. FA used in Production Department: 120.000
a1. Production Department No.1: 50.000
a2. Production Department No.2: 70.000
b. FA used in Administrative Department: 40.000
c. FA used in Sales Department: 30.000
2. 10th June: Selling a measurement equipment. Historical cost: X1, accumulated depreciation: X2, depre
Company received money via bank.
3. 14th June: purchase a production machine for Production Department: purchase price: 880.000, VAT: 1
expenses were paid in cash: 6.000, depreciation rate: 15%.
4. 19th June: Liquidating an asset used in Sales Department. Historical cost: 30.600, accumulated deprec
10% VAT): 2.100. Company received cash
5. VAT invoice No. 13234 25/6/2016 from Phuoc Hung company about decorating and upgrading an exhibi
a. Price: 150.000
b. 10% VAT: 15.000
c. Total payment: 165.000
Required:
1. Make journal entries for above transactions
2. Record on General Journal.
Question 1: Transactions incurred in Hoang Ha company in January 2016: (CU: 1.000 VND).
1. On 1st Jan: Handing over a production factory to Production Department. Historical cost: X1. Estimated u
2. Liquidating a production equipment used in the Production Department. Liquidation minute No. 02 dated
X3. Useful life: 13 years. Receiving cash from liquidation: 200.000 (Cash receipt voucher No. 18 dated 05/0
3. The Minute of Assets Handover No. 03 dated 6/1/2016: Receiving of investment from AC company: a tr
Sales Department. Estimated useful life: 10 years
4. According to Decision No. 01 dated 8/1/2016 of the Director: transfering an investment real estate into an
X6. Estimated useful life: 12 years.
5. Selling an equipment used in Sales Department to Duy Tan company. VAT invoice No. 001734 dated 01
Price: X7
10% VAT:
Total payment:
Historical cost: 360.000, accumulated depreciation: 120.000. Estimated useful life: 9 years.
Required:
1. Make journal entries for above transactions
2. Record above transactions on General Journal.
Question 1: T&T company has following documents in June 2019: (CU: 1.000 VND)
The Opening balances of:
• Acc 211: 6.000.000
• Acc 214: 1.870.000
In June 2019, there were several transactions incurred:
1. Accrual expenses of the fixed assets repairs: 390.000
a. FA used in Production Department: 200.000
a1. Production Department No.1: 150.000
a2. Production Department No.2: 50.000
b. FA used in Sales Department: 90.000
c. FA used in Administrative Department: 100.000
2. 10th June: Selling a measurement equipment. Historical cost: X1, accumulated depreciation: X2, dep
received money via bank.
3. 11th June : Receiving an investment from CK company: a truck which was revaluated at X3. This truck h
4. The Minute of Assets Handover No. 60 for repaired FA (outsourcing agrement) from Minh An company,
a. Price: 130.000
b. 10% VAT: 13.000
c. Total payment: 143.000
Repairment costs occurred would be capitalized in cost of the FA.
5. Fixed Assets stocktaking report No. 06, dated 30/6/2019, an administrative equipment was missing. Histo
has been under investigation.
Required:
1. Make journal entries for above transactions
2. Record the above transactions on General Journal.
Question 1: T&T company has following documents in June 2016: (CU: 1.000 VND)
The Opening balances of:
• Acc 211: 6.000.000
• Acc 214: 1.870.000
In June 2016, there were several transactions incurred:
1. Accrual expenses of the fixed assets repairs: 390.000
a. FA used in Production Department: 200.000
a1. Production Department No.1: 150.000
a2. Production Department No.2: 50.000
b. FA used in Administrative Department: 90.000
c. FA used in Sales Department: 100.000
2. 10th June: Selling a measurement equipment. Historical cost: X1, accumulated depreciation: X2, de
Company received money via bank.
3. 14th June: purchase a production machine for Production Department: purchase price: X4, VAT: 10%
expenses were paid in cash: 6.000, depreciation rate: 15%.
4. 19th June: Liquidating an asset used in Sales Department. Historical cost: X5, accumulated depreciat
VAT): 2.100. Company received cash
5. VAT invoice No. 13234 25/6/2016 from Phuoc Hung company about decorating and upgrading an exhibi
a. Price: 150.000
b. 10% VAT: 15.000
c. Total payment: 165.000
Required:
1. Make journal entries for above transactions
2. Record on General Ledger of account 211
Question 1: Transactions incurred in Hoang Ha company in January 2016: (CU: 1.000 VND).
1. At 1st Jan: Handing over a production equipment to the factory. This equipment was purchased from the
paid in cash: 5.000; Related testing expense: 30.000 (in which, material cost: 17.000, salary payment: 8.000
The company received testing products from the testing period, then transferred these products to the wareh
2. Disposal of a factory: Fixed asset disposal minute No. 01 dated 01/01/2016:
a. Historical cost: X2, accumulated depreciation: X3. useful life: 10 years
b. Related expenses were paid in cash: 10.000 (Cash payment voucher No. 04 dated 01/01/2016)
c. Receiving money from disposal: 65.000 (Cash receipt voucher No. 14 dated 01/01/2016)
3. Purchasing an equipment for production purpose. Fixed assets delivery and receipt notes (The Minute of
a. VAT invoice No. 002348 dated 2/1/2016 from the supplier Truong Hai:
Sub total: X4
10% VAT:
Total payment:
b. Debit note No. 10 dated 2/1/2016 from Vietcombank: payment of transportation expense: 21.000 (VAT i
5%)
c. Payment of installment and testing expenses: 25.000
This equipment was funded by Bank loans from Loan contract No. 34 dated 1/1/2016. Estimated useful life:
4. Contributing land use rights in a joint – venture. Historical cost: 20.000, accumulated depreciation: 10.00
land use rights had been used in Production purpose.
5. The Minute of Assets Handover No. 04 dated 7/1/2016: Purchasing a computer system on credit for the
Tran Anh company:
Listed price: X5
10% VAT:
Total payment:
Estimated useful life: 5 years.
6. Decision No. 05 dated 12/1/2016 to transfer a FA into a tool. Historical cost: 8.000, accumulated deprecia
Required:
1. Make journal entries for above transactions
2. Record above transactions on General Journal.
Question 1: Transactions incurred in Hoang Ha company in January 2016: (CU: 1.000 VND).
1. On 1st Jan: Handing over a production factory to Production Department. Historical cost: X1. Estimated u
2. Liquidating a production equipment used in the Production Department. Liquidation minute No. 02 dated
Useful life: 13 years. Receiving cash from liquidation: 200.000 (Cash receipt voucher No. 18 dated 05/01/20
3. The Minute of Assets Handover No. 03 dated 6/1/2016: Receiving of investment from AC company: a
Sales Department. Estimated useful life: 10 years
4. According to Decision No. 01 dated 8/1/2016 of the Director: transfering an investment real estate into an
Estimated useful life: 12 years.
5. Selling an equipment used in Sales Department to Duy Tan company. VAT invoice No. 001734 dated 01
Price: 180
10% VAT: 18
Total payment: 198
Historical cost: X7, accumulated depreciation: X8. Estimated useful life: 9 years.
Required:
1. Make journal entries for above transactions
2. Record above transactions on General Ledger of Account 211.
Question 1: Company HC applied deductible VAT method and perpetual inventory system. In Decem
I. Opening balance of account 152: 570,000
- Material A: X1 (Quantity: 8,000kg)
- Fuel B: 10,000 (Quantity: X3 litres)
II. Transactions incurred in December:
1. Receiving Note No.189 at December 3rd : Received material A purchased on credit at December 3rd
unit price: X2/kg (excluded from 10% VAT).
2. Issuing Note No.290 at December 5th: issued 5,000kg material A for Manufacturing Department.
3. The minutes of handover fixed asset No.10 at December 16th, purchased a measuring equipment w
transportation fee of 3,000 paid via bank. The company had issued 30 litres of fuel B for test running this eq
4. Receiving Note No.191 at December 20th : Received fuel B purchased on credit at December 20th (V
price: 21/litre (excluding from 10% VAT).
5. Scrap from production was put into stock according to Receiving Note No.210 at December 31st. Valu
Knowing that: Company HC calculates cost of materials and tools issued according to FIFO method.
Requirements:
1. Make journal entries
2. Record the above transactions on General Ledger of account 152.
Question 1: Company HC applied deductible VAT method and perpetual inventory system. In
1000VND)
I. Opening balance of account 152: 570,000
1. Material A: X1 (Quantity: X2 kg)
2. Fuel B: 10,000 (Quantity: 500 litres)
II. Transactions incurred in December:
1. Receiving Note No.189 at December 3rd : Received material A purchased on credit at December 3rd (V
price: X4/kg (excluded from 10% VAT).
2. Issuing Note No.290 at December 5th: issued 5,000kg material A for Manufacturing Department.
3. The minutes of handover fixed asset No.10 at December 16th, purchased a measuring equipment w
transportation fee of 3,000 paid via bank. The company had issued 50 litres of fuel B for test running this eq
4. Receiving Note No.191 at December 20th : Received fuel B purchased on credit at December 20th (VA
price: 21/litre (excluding from 10% VAT).
5. Scrap from production was put into stock according to Receiving Note No.210 at December 31st. Valu
Knowing that: Company HC calculates cost of materials and tools issued according to AVCO method.
Requirements:
1. Calculate cost of materials issued.
2. Record the above transactions on General Journal.
Question 1:
1. Present the sources of data and the method for preparation of "Accumulated depreciation" item (Code 232
2. Present the accounting order for calculating cost of finished goods?
3. What are the requirements of accounting information?
Question 2: Company HC applied deductible VAT method and perpetual inventory system. In D
1000VND)
I. Opening balance of account 152: 570,000
- Material A: 560,000 (Quantity: 8,000kg)
- Fuel B: 10,000 (Quantity: 500 litres)
II. Transactions incurred in December:
1. Receiving Note No.189 at December 3rd : Received material A purchased on credit at Decembe
10,000kg, unit price: 68/kg (excluded from 10% VAT).
2. Issuing Note No.290 at December 5th: issued 5,000kg material A for Manufacturing Department.
3. The minutes of handover fixed asset No.10 at December 16th, purchased a measuring equipment wit
transportation fee of 3,000 paid via bank. The company had issued 50 litres of fuel B for test running this eq
4. Receiving Note No.191 at December 20th : Received fuel B purchased on credit at December 20th (V
unit price: 21/litre (excluding from 10% VAT).
5. Scrap from production was put into stock according to Receiving Note No.210 at December 31st. Valu
Knowing that: Company HC calculates cost of materials and tools issued according to FIFO method.
Requirements:
1. Calculate cost of materials issued.
2. Record the above transactions on General Journal.
Question 1: Company HC applied deductible VAT method and perpetual inventory system. In Decem
I. Opening balance of account 152: 570,000
1. Material A: 560,000 (Quantity: 8,000kg)
2. Fuel B: 10,000 (Quantity: 500 litres)
II. Transactions incurred in December:
1. Receiving Note No.189 at December 3rd : Received material A purchased on credit at December 3rd (
price: X2/kg (included 10% VAT).
2. Issuing Note No.290 at December 5th: issued 5,000kg material A for Manufacturing Department.
3. The minutes of handover fixed asset No.10 at December 16th, purchased a measuring equipment w
transportation fee of 3,000 paid via bank. The company had issued 50 litres of fuel B for test running this eq
4. Receiving Note No.191 at December 20th : Received fuel B purchased on credit at December 20th (V
price: X3/litre (excluding from 10% VAT).
5. Scrap from production at December 31st was 2,000 and was still kept at the manufacturing department
Knowing that: Company HC calculates cost of materials and tools issued according to AVCO method.
Requirements:
1. Make journal entries.
2. Record the above transactions on General Ledger of account 152.
Dr acc 211 124000

Dr acc 1331 12000

CR acc 112 3000

CR acc 152 1000
Cr acc 331 132000

621=>154 Dr acc 621

Cr acc 154
Question 1: Company ABC has the following transactions in January 20X6:(unit: CU)
1. 9 January, purchasing X1 kg material E with purchase price of X2 (not included of VAT 10%). 10 Januar
2. Other information is as follows:
a. Direct labor cost: 30.000
b. Manufacturing overhead cost: 14.000 (in which: Variable costs: 10.000, Fixed costs: 4.000)
c. Selling expenses: 10.000
d. Administrative expenses: 7.000
3. Beginning raw materials inventory: 44.000
4. Ending raw materials inventory: 40.000
5. Beginning work in process inventory: 10.000.
6. Ending work in process inventory: 20.000.
7. During January, company A manufactured total 1000 finished goods. Normal capacity is at 1.250 product
8. In January, company A sold 600 finished goods with price 150/unit (not included of VAT 10%).
Noted that: The perpetual method and deductible VAT method applied.
Require:
1. Make journal entries.
2. Reflect these transactions on General Ledger of account 154.
Question 1: Company ABC has the following transactions in January 20X6:(unit: CU)
1. 9 January, purchasing 1000kg material E with purchase price of 75 (not included of VAT 10%). 10 Janua
2. Other information is as below:
- Direct labor cost: 10.000
- Manufacturing overhead cost: 7.000 (in which: Variable costs: 4.000, Fixed costs: 3.000)
- Selling expenses: 10.000
- Administrative expenses: 7.000
3. Raw materials inventory, January 1: 44.000
4. Raw materials inventory, January 31: 40.000
5. Work in process inventory, January 1: 10.000.
6. Work in process inventory, January 31: 20.000.
7. Unused materials at production department in January 31: 2.000
7. During January, company A manufactured total X1 finished goods. The company's normal capacity is at 1
8. In January, company A sold 600 finished goods with price X2/unit (not included of VAT 10%).
Noted that: The perpetual method and deductible VAT method applied.
Require:
1. Make journal entries for the above transactions
2. Reflect these transactions on General Journal.
Question 1: Company ABC has the following transactions in January 20X6:(unit: CU)
1. 9 January, purchasing 1000kg material E with purchase price of 55 (not included of VAT 10%). 10 Ja
of 20kg (as a normal rate: 1%)
2. 12 January, purchasing 500kg material E with purchase price of X1 (included of VAT 10%). The com
3. Other information is as below:
a. Direct labor cost: 10.000 (included: abnormal direct labor cost: 1.000)
b. Manufacturing overhead cost: 17.000
c. Selling expenses: 10.000
d. Administrative expenses: 7.000
4. Raw materials inventory, January 1: 44.000
5. Raw materials inventory, January 31: 40.000
6. Work in process inventory, January 1: 10.000.
7. Work in process inventory, January 31: 20.000.
8. During January, company A manufactured total 500 finished goods.
9. In January, company A sold 400 finished goods with price X2/unit (not included of VAT 10%).
Noted that: The perpetual method and deductible VAT method applied.
Require:
1. Make journal entries for the above transactions
2. Reflect these transactions on General Journal.
Question 1: In May year N, at manufacturing enterprise TH there are following documents: (CU: 1000VND
I. Opening balances of account 152 as below:
Account 152: 250.000
Detail:
a. Material A: 200.000 (Quantity: 1000kg)
b. Material B: 50.000 (Quantity: 200kg)
II. Transactions incurred in May:
1. Receiving Note No.60 at May 02nd: Received material A purchased on credit at May 1st (VAT Invoice
kg, purchase price: X2 (including 10% VAT).
2. VAT Invoice No.003460 at May 2nd from supplier L of purchasing material B on credit. Quantity X3
VAT)
3. Receiving Note No.81 at May 5th (VAT Invoice No.3460). Quantity: 4.900kg. Deficiency quotas rate
recovered by the transporter.
4. Issuing Note No.55 at May 15th: issued 1.500kg material A and 500kg material B for Manufacturing D
5. Debit Note No.A5372 at May 30th : settlement for materials purchased from supplier K in May.
Requirement:
1. Make journal entries
2. Record the above transactions on General Ledger of account 152.
Additional information:
1. Manufacturer A applied deductible VAT method and perpetual inventory system.
2. Manufacturer A calculated cost of materials and tools issued according to AVCO method
Question 1:
Posco is a manufactoring company that uses material A for manufactoring product X. In December 20X1, th
A. Opening balance: 500,000 (Quantity: 5,000kg)
B. Material A purchased in December 20X1:
1. Purchased 10,000kg material A from supplier K on credit (VAT invoice number 000134, December
were put into stock (Goods Receipt Note number 192, December 2 20X1).
2. Purchased 3,000kg material A from supplier M (VAT invoice number 021323, December 30 20X1) w
the accountant had not received the Goods Receipt Note yet. Posco had not paid for this pack.
C. Material A issued in December 20X1:
1. December 1 20X1 : issued 4,000kg for manufactoring product X
2. December 15 20X1: issued 8,000kg for manufactoring product X
3. December 31 20X1: issued 1,200kg for selling department, 1,300kg for administrative department.
Required:
1. Calculate and make journal entries for the transactions given.
2. Reflect above transactions on General Ledger of account 152
Question 1: In May year N, at manufacturing enterprise TH there are following documents: (CU: 1000VND
I. Opening balances of some accounts as below:
1. Account 152: Material B: 50.000 (Quantity: 200kg)
2. Account 153: 100.000 ( Tool X, quantity 500 units, 1 time allocated)
3. Account 151: 250.000 ( according to VAT Invoice No.000332 at 20/4/N from supplier H about tool X in
II. Transactions incurred in May:
1. VAT Invoice No.003460 at May 2nd from supplier L of purchasing material B on credit. Quantity 2.00
2. Receiving Note No.81 at May 5th (VAT Invoice No.3460). Quantity: X2 kg. Deficiency quotas ra
transporter.
3. Receiving Note No.82 at May 6th: Received tool X (according to VAT Invoice No.000332 at April 20t
4. Issuing Note No.55 at May 15th: issued 2.000kg material B for Manufacturing Department.
5. Issuing Note No.56 at May 26th: issued 300 tool X for Manufacturing Department and 250 tool X for A
6. Debit Note No.A5372 at May 30th : settlement for materials purchased from supplier H in May.
Requirement:
1. Make journal entries.
2. Record the above transactions on General Ledger of account 152.
Additional information:
1. Manufacturer A applied deductible VAT method and perpetual inventory system.
2. Manufacturer A calculated cost of materials and tools issued according to FIFO method.
Question 1: In May year N, at manufacturing enterprise TH there are following documents: (CU: 1000VND
I. Opening balances of some accounts as below:
1. Account 152: Material B: 50.000 (Quantity: 200kg)
- Account 153: 100.000 ( Tool X, quantity 500 units, 1 time allocated)
- Account 151: 250.000 ( according to VAT Invoice No.000332 at 20/4/N from supplier H about tool X in tr
II. Transactions incurred in May:
1. VAT Invoice No.003460 at May 2nd from supplier L of purchasing material B on credit. Quantity 8
10% VAT)
2. Receiving Note No.81 at May 5th (VAT Invoice No.3460). Quantity: X1 kg. Deficiency quotas rate
recovered by the transporter.
3. Receiving Note No.82 at May 6th: Received tool X (according to VAT Invoice No.000332 at April 20t
4. Issuing Note No.55 at May 15th: issued 500kg material B for Manufacturing Department.
5. Issuing Note No.56 at May 26th: issued 300 tool X for Manufacturing Department and 250 tool X for A
6. Debit Note No.A5372 at May 30th : settlement for materials purchased from supplier H in May.
Requirement:
1. Calculate the cost of materials and tools issued.
2. Record the above transactions on General Journal.
Additional information:
1. Manufacturer A applied deductible VAT method and perpetual inventory system.
2. Manufacturer A calculated cost of materials and tools issued according to AVCO method.
Question 1: In June year N, at manufacturing enterprise TH there are following documents: (CU: 100
I. Opening balances of some accounts as below:
1. Account 152: Material A: X1 (Quantity: X2kg)
2. Account 153: 100.000 ( Tool X, quantity 500 units, 1 time allocated)
3. Account 151: 250.000 ( according to VAT Invoice No.000332 at 20/5/N from supplier H about tool X in
II. Transactions incurred in June:
1. Receiving Note No.60 at June 02nd: Received material A purchased on credit at June 1st (VAT Inv
(excluding from 10% VAT).
2. Receiving Note No.82 at June 6th: Received tool X (according to VAT Invoice No.000332 at May 20t
3. Issuing Note No.55 at June 15th: issued 1.500kg material A for Manufacturing Department.
4. Issuing Note No.56 at June 26th: issued 300 tool X for Manufacturing Department and 250 tool X for
5. Debit Note No.A5372 at June 30th : settlement for materials purchased from supplier K in June.
Requirement:
1. Calculate the cost of materials and tools issued.
2. Record the above transactions on General Journal.
Additional information:
1. Manufacturer TH applied deductible VAT method and perpetual inventory system.
2. Manufacturer TH calculated cost of materials and tools issued according to FIFO method.
Question 1: In July year N, at manufacturing enterprise TH there are following documents: (CU: 100
I. Opening balances of some accounts as below:
1. Account 152: Material A: 200.000 (Quantity: 1000kg)
2. Account 153: 100.000 ( Tool X, quantity 500 units, 1 time allocated)
3. Account 151: X1 ( according to VAT Invoice No.000332 at 20/6/N from supplier H about tool X in trans
II. Transactions incurred in July:
1. Receiving Note No.60 at July 02nd: Received material A purchased on credit at July 1st (VAT In
purchase price: 330.000 (excluding from 10% VAT).
2. Receiving Note No.82 at July 6th: Received tool X (according to VAT Invoice No.000332 at June 20t
3. Issuing Note No.55 at July 15th: issued 1.500kg material A for Manufacturing Department.
4. Issuing Note No.56 at July 26th: issued 300 tool X for Manufacturing Department and 250 tool X for A
5. Debit Note No.A5372 at July 30th : settlement for materials purchased from supplier K in July.
Requirement:
1. Make journal entries.
2. Record the above transactions on General Ledger of account 152.
Additional information:
1. Manufacturer TH applied deductible VAT method and perpetual inventory system.
2. Manufacturer TH calculated cost of materials and tools issued according to weighted avarage method.
Question 1: T&T company has following documents in June 2016: (CU: 1.000 VND)
The Opening balances of:
• Acc 211: 6.000.000
• Acc 214: 1.870.000
In June 2016, there were several transactions incurred:
1. Accrual expenses of the fixed assets repairs: 90.000
a. FA used in Production Department: 50.000
a1. Production Department No.1: 30.000
a2. Production Department No.2: 20.000
b. FA used in Sales Department: 20.000
c. FA used in Administrative Department: 20.000
2. 13th June: Contributing a production equipment to LD joint – venture company. Historical cost: X1, accu
3. 15th June: Handing over a computer system to Accounting Department as a gift from customer, its fair va
4. VAT invoice No. 10234 dated 20/6/2016 from Thanh Phat company about repainted company's office bu
a. Price: 120.000
b. 10% VAT: 12.000
c. Total payment: 132.000
5. Repairing a production machine which was unexpectedly broken by outsourcing staff. VAT invoice No.1
Sub-total: X2
10% VAT:
Total payment:
The repair expenses was allocated into 3 months from June, 2016
Required:
1. Make journal entries for above transactions
2. Record the above transactions on General Journal.
Question 1: In June year N, at manufacturing enterprise TH there are following documents: (CU: 100
I. Opening balances of some accounts as below:
1. Account 152: Material A: X1 (Quantity: X2kg)
2. Account 153: 100.000 ( Tool X, quantity 500 units, 1 time allocated)
3. Account 151: 250.000 ( according to VAT Invoice No.000332 at 20/5/N from supplier H about tool X in
II. Transactions incurred in June:
1. Receiving Note No.60 at June 02nd: Received material A purchased on credit at June 1st (VAT Invo
1.500kg, purchase price: 330.000 (excluding from 10% VAT).
2. Receiving Note No.82 at June 6th: Received tool X (according to VAT Invoice No.000332 at May 20t
3. Issuing Note No.55 at June 15th: issued 1.500kg material A for Manufacturing Department.
4. Issuing Note No.56 at June 26th: issued 300 tool X for Manufacturing Department and 250 tool X for
5. Debit Note No.A5372 at June 30th : settlement for materials purchased from supplier K in June.
Requirement:
1. Make journal entries.
2. Record the above transactions on General Ledger of account 152.
Additional information:
1. Manufacturer TH applied deductible VAT method and perpetual inventory system.
2. Manufacturer TH calculated cost of materials and tools issued according to FIFO method.
Question 1: In July year N, at manufacturing enterprise TH there are following documents: (CU: 100
I. Opening balances of some accounts as below:
1. Account 152: Material A: 200.000 (Quantity: 1000kg)
2. Account 153: X1 ( Tool X, quantity X2 units, 1 time allocated)
3. Account 151: 250.000 ( according to VAT Invoice No.000332 at 20/6/N from supplier H about tool X in
II. Transactions incurred in July:
1. Receiving Note No.60 at July 02nd: Received material A purchased on credit at July 1st (VAT I
1.500kg, purchase price: 330.000 (excluding from 10% VAT).
2. Receiving Note No.82 at July 6th: Received tool X (according to VAT Invoice No.000332 at June 20t
3. Issuing Note No.55 at July 15th: issued 1.500kg material A for Manufacturing Department.
4. Issuing Note No.56 at July 26th: issued 300 tool X for Manufacturing Department and 250 tool X for A
5. Debit Note No.A5372 at July 30th : settlement for materials purchased from supplier K in July.
Requirement:
1. Calculate the cost of materials and tools issued.
2. Record the above transactions on General Journal.
Additional information:
1. Manufacturer TH applied deductible VAT method and perpetual inventory system.
2. Manufacturer TH calculated cost of materials and tools issued according to weighted avarage method.
Question 1: In May year N, at manufacturing enterprise TH there are following documents: (CU: 1000VND
I. Opening balances of some accounts as below:
1. Account 152: Material B: 50.000 (Quantity: 200kg)
- Account 153: 100.000 ( Tool X, quantity 500 units, 1 time allocated)
- Account 151: 250.000 ( according to VAT Invoice No.000332 at 20/4/N from supplier H about tool X in tr
II. Transactions incurred in May:
1. VAT Invoice No.003460 at May 2nd from supplier L of purchasing material B on credit. Quantity X1 k
2. Receiving Note No.81 at May 5th (VAT Invoice No.3460). Quantity: X2 kg. Deficiency quotas rate is 2
3. Receiving Note No.82 at May 6th: Received tool X (according to VAT Invoice No.000332 at April 20t
4. Issuing Note No.55 at May 15th: issued 500kg material B for Manufacturing Department.
5. Issuing Note No.56 at May 26th: issued 300 tool X for Manufacturing Department and 250 tool X for A
6. Debit Note No.A5372 at May 30th : settlement for materials purchased from supplier H in May.
Requirement:
1. Calculate the cost of materials and tools issued.
2. Record the above transactions on General Journal.
Additional information:
1. Manufacturer A applied deductible VAT method and perpetual inventory system.
2. Manufacturer A calculated cost of materials and tools issued according to FIFO method.
Question 1: In May year N, at manufacturing enterprise TH there are following documents: (CU: 1000VND
I. Opening balances of account 152 as below:
Account 152: 250.000
Detail:
a. Material A: 200.000 (Quantity: 1000kg)
b. Material B: 50.000 (Quantity: 200kg)
II. Transactions incurred in May:
1. Receiving Note No.60 at May 02nd: Received material A purchased on credit at May 1st (VAT Invo
(excluding from 10% VAT).
2. VAT Invoice No.003460 at May 2nd from supplier L of purchasing material B on credit. Quantity 1.00

3. Receiving Note No.81 at May 5th (VAT Invoice No.3460). Quantity: 900kg. Deficiency quotas rate is 2

4. Issuing Note No.55 at May 15th: issued 1.500kg material A and 500kg material B for Manufacturing D
5. Debit Note No.A5372 at May 30th : settlement for materials purchased from supplier K in May.
Requirement:
1. Calculate the cost of materials and tools issued.
2. Record the above transactions on General Journal.
Additional information:
1. Manufacturer A applied deductible VAT method and perpetual inventory system.
2. Manufacturer A calculated cost of materials and tools issued according to FIFO method
Question 1: In May year N, at manufacturing enterprise TH there are following documents: (CU: 1000VND
I. Opening balances of some accounts as below:
1. Account 152: Material B: 50.000 (Quantity: 200kg)
- Account 153: 100.000 ( Tool X, quantity 500 units, 1 time allocated)
- Account 151: 250.000 ( according to VAT Invoice No.000332 at 20/4/N from supplier H about tool X in tr
II. Transactions incurred in May:
1. VAT Invoice No.003460 at May 2nd from supplier L of purchasing material B on credit. Quantity 250
2. Receiving Note No.81 at May 5th (VAT Invoice No.3460). Quantity: X1 kg. Deficiency quotas ra
transporter.
3. Receiving Note No.82 at May 6th: Received tool X (according to VAT Invoice No.000332 at April 20t
4. Issuing Note No.55 at May 15th: issued 2.000kg material B for Manufacturing Department.
5. Issuing Note No.56 at May 26th: issued 300 tool X for Manufacturing Department and 250 tool X for A
6. Debit Note No.A5372 at May 30th : settlement for materials purchased from supplier H in May.
Requirement:
1. Make journal entries.
2. Record the above transactions on General Ledger of account 152.
Additional information:
1. Manufacturer A applied deductible VAT method and perpetual inventory system.
2. Manufacturer A calculated cost of materials and tools issued according to AVCO method.
Question 1: In May year N, at manufacturing enterprise TH there are following documents: (CU: 1000VND
I. Opening balances of account 152 as below:
Account 152: 250.000
Detail:
a. Material A: X1 (Quantity: X2 kg)
b. Material B: 50.000 (Quantity: 200kg)
II. Transactions incurred in May:
1. Receiving Note No.60 at May 02nd: Received material A purchased on credit at May 1st (VAT Invoic
10% VAT).
2. VAT Invoice No.003460 at May 2nd from supplier L of purchasing material B on credit. Quantity 5.00
3. Receiving Note No.81 at May 5th (VAT Invoice No.3460). Quantity: 4.900kg. Deficiency quotas rate i
4. Issuing Note No.55 at May 15th: issued 1.500kg material A and 500kg material B for Manufacturing D
5. Debit Note No.A5372 at May 30th : settlement for materials purchased from supplier K in May.
Requirement:
1. Calculate the cost of materials and tools issued.
2. Record the above transactions on General Journal.
Additional information:
1. Manufacturer A applied deductible VAT method and perpetual inventory system.
2. Manufacturer A calculated cost of materials and tools issued according to AVCO method
Question 2: In May year N, at manufacturing enterprise TH there are following documents: (CU: 1000VND
I. Opening balances of account 152 as below:
Account 152: 250.000
Detail:
a. Material A: X1 (Quantity: X2 kg)
b. Material B: 50.000 (Quantity: 200kg)
II. Transactions incurred in May:
1. Receiving Note No.60 at May 02nd: Received material A purchased on credit at May 1st (VAT Invoic
(including 10% VAT).
2. VAT Invoice No.003460 at May 2nd from supplier L of purchasing material B on credit. Quantity 5.00
3. Receiving Note No.81 at May 5th (VAT Invoice No.3460). Quantity: 4.900kg. Deficiency quotas
transporter.
4. Issuing Note No.55 at May 15th: issued 1.500kg material A and 500kg material B for Manufacturing D
5. Debit Note No.A5372 at May 30th : settlement for materials purchased from supplier K in May.
Requirement:
1. Make journal entries
2. Record the above transactions on General Ledger of account 152.
Additional information:
1. Manufacturer A applied deductible VAT method and perpetual inventory system.
2. Manufacturer A calculated cost of materials and tools issued according to FIFO method
Question 1: Company ABC has the following transactions in January 20X6:(unit: CU)
1. 9 January, purchasing 1000kg material E with purchase price of 75 (not included of VAT 10%). 10 Ja
normal rate: 1%)
2. Other information is as below:
- Direct labor cost: 10.000
- Production overhead: 7.000 (in which: Variable costs: 4.000, Fixed costs: 3.000)
- Selling expenses: 10.000
- Administrative expenses: 7.000
3. Raw materials inventory, January 1: 44.000
4. Raw materials inventory, January 31: 40.000
5. Work in process inventory, January 1: 10.000.
6. Work in process inventory, January 31: 20.000.
7. During January, company A manufactured total 500 finished goods. The company's normal capacity is at
8. The scrap from production was 320 and had been put into stock.
9. In January, company A sold 400 finished goods with price X1/unit (not included of VAT 10%).
Noted that: The perpetual method and deductible VAT method applied.
Require:
1. Make journal entries for the above transactions.
2. Reflect these transactions on General Journal.
Question 1: Company ABC has the following transactions in January 20X6:(unit: CU)
1. 9 January, purchasing 1000kg material E with purchase price of 75 (not included of VAT 10%). 10 Janua
2. Other information is as follows:
a. Direct labor cost: 30.000
b. Manufacturing overhead cost: 14.000 (in which: Variable costs: 10.000, Fixed costs: 4.000)
c. Selling expenses: 10.000
d. Administrative expenses: 7.000
3. Beginning raw materials inventory: 44.000
4. Ending raw materials inventory: 40.000
5. Beginning work in process inventory: 10.000.
6. Ending work in process inventory: 20.000.
7. During January, company A manufactured total X1 finished goods. Normal capacity is at 2.000 products
8. In January, company A sent 600 finished goods on consignment with price 150/unit (not included of VA
payment after deducting commission fees.
Noted that: The perpetual method and deductible VAT method applied.
Require:
1. Make journal entries.
2. Reflect these transactions on General Ledger of account 154.