I.

SECTION 1: ENGLISH
PART 1:
Fastest Fleet
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1 Where would the notice likely be seen? 2 What are customers asked to do?
(A) In an airport (A) Provide feedback
(B) In a bus station (B) Buy a round-trip ticket
(C) In a train station (C) Take advantage of a discount
(D) In a ferry terminal (D) Join a customer loyalty pro

Solution 1. B 2. A
rs asked to do?

of a discount
r loyalty pro
PART 2
MKZ Foods, Inc., the region's largest exporter of pecans, expects its outgoing
shipments to increase significantly over the next few months. This ---(3)---- is based on the fact that
the region's pecan farmers expanded their land area by 20 percent last year. According to
spokesperson Katharina Seiler, MKZ's exports could reach a colossal 50,000 metric tons this
year. ---(4)---- .
MKZ buys most of the yield from the region's pecan farms and processes it …(5)…. export
throughout the world. "The availability of new land for ---(6)---- in the region is creating opportunities
for growth," said Ms. Seiler. "I believe MKZ is going to have a truly outstanding year.

3 A) cost 4 (A) Such a figure is unprecedented in the company's history.

(B) delay (B) Moreover, Ms. Seiler holds an advanced degree in economics.
(C) decision (C) Pecans are high in vitamins and minerals.
(D) forecast (D) Still, MKZ shares have been profitable in recent years.

5 (A) on 6 (A) farming

(B) for (B) farmer
(C) in (C) farmed
(D) by (D) farm

Solution 3. D 4. A
5. B 6. A
based on the fact that
ccording to
etric tons this

5)…. export
s creating opportunities

he company's history.
nced degree in economics.

ble in recent years.

PART 3
1 From: Alan Grady <agrady@st.pro.com>
To: Jaco Neves <owner@neveslocal.com>
Date: Monday, August 7, 9:31A.M.
Subject: Contract addendum

Mr. Neves, ~
Thanks for calling to discuss your progress on the house construction. To summarize our
conversation, even with the delay until September 22, the house should be ready for me to
move into before my apartment lease expires on October 10. I've thought more about the
status reports we discussed, and twice a week would be best. My understanding is that you
will now document these changes to the contract so that I can sign off on them this week.
Thanks, as always, for your careful attention to this project.
Alan Grady

3 CONTRACT ADDENDUM
1. Because of work that could not be performed due to unavoidable
circumstances from July 24 to July 28, the completion date for all
construction will be moved from September 17 to September 22. The Client
will not be charged any additional labor costs as a result of this change. Any
charges resulting from an extension of building permits will be paid by the Contractor.

2. Effective immediately, the Contractor will submit a report of all work

completed (including any delays incurred or anticipated) once every week,
beginning on Monday, August 12.

7 Who is Mr. Grady? 10 When was the work most likely affected by bad weathe
(A) A business partner of Mr. Neves' (A) On June 5
(B) A client of Mr. Neves' (B) On July 24
(C) An assistant to Mr. Baurkot (C) On August 12
(D) A legal advisor of Mr. Baurkot's (D) On September 22

8 What is planned for October?
(A) A lease will be extended.
(B) A contract will be changed .
(C) A project schedule will be revised .
(D) A house will be occupied.
11 What information in the contract is different from wha
(A) The frequency of the reports
(B) The charge for additional labor
(C) The date of completion
(D) The number of permits required

9 In the second e-mail, the phrase "drawn up"

in paragraph 1, line 1, is closest in meaning to
(A) raised
 (B) sketched
(C) prepared
(D) straightened

Solution 7. B 10. B
8. D 11. A
9. C
 2 From: Jaco Neves <owner@neveslocal.com>
To: Alan Grady <agrady@st.pro.com>
Date: Monday, August 7, 4:16P.M.
Subject: RE: Contract addendum
Attachment: liD Addendum

Mr. Grady,
ady for me to I have drawn up the revisions we discussed to the June 5 contract and attached it to this
e about the message. The recent bad weather set us back, but not by much. As we near the end of
ng is that you the project, many pieces will need to come together at once. I will keep you informed to
m this week. the best of my ability, but as always, my first priority will be to make sure the work
itself is done.
If the document looks acceptable to you, sign and return a copy to me. Please don 't
hesitate to contact me or Evan Baurkot with any questions or concerns about how our
business can serve you.
Regards,
Jaco Neves

kely affected by bad weather?

ntract is different from what Mr. Grady requested?

ched it to this
r the end of
u informed to

out how our

PART 4

12 In response to customer-------, Lopez

Naturals will release a line of organic soaps.
(A) demand
(B) permit
(C) arrival
(D) account
14 Before the computers leave the factory,
they are ------- thoroughly to ensure they
have no defects.
(A) selected
(B) inspected
(C) attached
(D) managed
16 WRUZ Radio will broadcast a new show
……..to business news and economic analysis.

(A) allowed
(B) prepared
(C) dedicated
(D) introduced
18 Mr. Okada met ------- with the building
manager to discuss the demolition project.
(A) frequent
(B) frequenting
(C) frequently
(D) frequented
20 Mr. Montri politely ------- the job offer from
Barranca Shipping Company.
(A) declined
(B) decreased
(C) prevented
(D) converted

Solution 12 A 13 C
14 B 15 B
16 C 17 D
18 C 19 D
20 A
13 …... it is relatively small, the fitness center
at Ginder Apartments is very popular with residents.
(A) Reasoning
(B) Essentially
(C) Although
(D) Throughout
15 All communications must be approved by the
public relations director before they can be shared -------.
(A) certainly
(B) externally
(C) deeply
(D) utterly

17 Providing precision welding to a ------- array

of industries, Mistone Metalworks recently
celebrated a century of service in Quebec.
(A) widely
(B) widen
(C) width
(D) wide
19 Mr. Kim considers punctuality a crucial
------- for all his assistants to have.
(A) device
(B) type
(C) action
(D) trait
II. SECTION 2: AUDIT

Q1 What is the purpose of charging depreciation in financial statements?

A To allocate the cost of a non-current asset over the accounting periods expected to benefit from its use
B To ensure that funds are available for the eventual replacement of the asset
C To reduce the cost of the asset in the statement of financial position to its estimated market value
D To account for the ‘wearing-out’ of the asset over its life

Answer A
benefit from its use

market value
 In preparing its financial statements for the current year, a company's closing inventory was understated by $300
Q2 What will be the effect of this error if it remains uncorrected?

A The current year's profit will be overstated and next year's profit will be understated.
B The current year's profit will be understated but there will be no effect on next year's profit.
C The current year's profit will be understated and next year's profit will be overstated.
D The current year's profit will be overstated but there will be no effect on next year's profit.

Answer C

If closing inventory is understated, cost of sales will be overstated. Next year opening inventory
will be understated and cost of sales will be understated.

COGS= Opening Inventory + Purchase - Closing Inventory

tory was understated by $300,000.
Q3 What is the correct double entry for discounts received?
DEBIT CREDIT
A. Payables control account Expenses
B. Expenses Payables control account
C. Discounts received (income) Payables control account
D. Payables control account Discounts received (income)

Answer D

Dr Payables control account, Cr Discounts received (income)

 Buster's draft financial statements for the year to 31 October 20X5 report a loss of $1,486. When he prepared the
Buster did not include an accrual of $1,625 and a prepayment of $834.
Q4 What is Buster's profit or loss for the year to 31 October 20X5 following the inclusion of the accrual and prepaym

A. A loss of $695
B. A loss of $2,277
C. A loss of $3,945
D. A profit of $1,807

Answer B

Original loss
-1486
Đây là accrual expense: chi phí psinh như chưa trả, nên cuối kỳ phâ
Accrual -1625 Còn prepayment là khoản trả trc, cuối kỳ phân bổ như 1 khoản phả
Prepayment
834

Revised loss -2277

6. When he prepared the financial statements,

the accrual and prepayment?

chưa trả, nên cuối kỳ phân bổ thành 1 khoản chi phí

phân bổ như 1 khoản phải thu
 Which one of the following items does not appear under the heading 'equity and reserves' on a company stateme
Q5 position?

A. Share premium account

B. Retained earnings
C. Revaluation surplus
D. Loan stock

Answer D

Loan stock is a non-current liability. Cổ phiếu cho vay là một k

A Share premium account is a statutory reserve. Tài khoản trả phí chia sẻ l
B Retained earnings is otherwise known as the revenue reserve. B Lợi nhuận giữ lại còn đư
C Revaluation surplus is an unrealised reserve. C Thặng dư đánh giá lại là
serves' on a company statement of financial

iếu cho vay là một khoản nợ phải trả dài hạn.

oản trả phí chia sẻ là một khoản dự trữ theo luật định.
nhuận giữ lại còn được gọi là dự trữ doanh thu.
ng dư đánh giá lại là khoản dự trữ chưa thực hiện.
 Which of the following items may appear as current liabilities in a company's statement of financial position?
1. Revaluation surplus
2. Loan due for repayment within one year
Q6 3. Taxation
4. Preference dividend payable on redeemable preference shares

A. 1, 2 and 3
B. 1, 2 and 4
C. 1, 3 and 4
D. 2, 3 and 4

Answer D

The revaluation surplus is part of equity. Dividends paid on redeemable preference shares are
treated like interest paid on loans, and are therefore accrued for as finance costs in the financial
statements
ment of financial position?
Q7 Which of the following costs would be classified as capital expenditure for a restaurant business?
A. A replacement for a broken window
B. Repainting the restaurant
C. An illuminated sign advertising the business name
D. Cleaning of the kitchen floors

Answer C

An illuminated sign advertising the business name will provide long-term benefits for the business
and is therefore a non-current asset, ie capital expenditure. A replacement for a broken window is
a repair, so it is revenue expenditure. Repainting the restaurant is a repair and renewal expense
so it would be likely to be treated as revenue expenditure. Cleaning of the kitchen floors is a
maintenance cost and therefore is revenue exp

Nếu các khoản đầu tư chỉ đem lại lợi ích cho kỳ kế toán hiện hành thì các khoản đầu tư này sẽ được gọi là chi

Ngược lại, nếu các khoản đầu tư có tác dụng cải tiến chất lượng hoạt động của tài sản hoặc gia tăng/kéo dài th
ant business?

or the business
en window is

n đầu tư này sẽ được gọi là chi phí tạo ra doanh thu trong kỳ (revenue expenditures) hay ngắn gọn là chi phí trong kì.

tài sản hoặc gia tăng/kéo dài thời gian sử dụng của tài sản thì sẽ được gọi là chi phí vốn hóa (capital expenditures) và sẽ được phân bổ cho nhiều
res) và sẽ được phân bổ cho nhiều kì dưới dạng chi phí khấu hao.
 According to IAS 38 Intangible assets, which of the following statements are correct?
1. Research expenditure should not be capitalised.
2. Intangible assets are never amortised.
Q8 3. Development expenditure must be capitalised if certain conditions are met.

A. 1 and 3 only
B. 1 and 2 only
C. 2 and 3 only
D. All three statements are correct

Answer A

Solution
Research expenditure is never capitalised, development expenditure is capitalised if it meets
certain conditions per IAS 38. Intangible assets are amortised over their useful life, if the life of
the asset is indefinite, then it does not have to be amortised
?
 A business compiling its financial statements for the year to 31 January each year pays rent quarterly in advance
July and 1 October each year. After remaining unchanged for some years, the rent was increased from $24,000 pe
year as from 1 July 20X0.
Q9 Which of the following figures is the rent expense which should appear in the statement of profit or loss for year
20X1?

A. $27,500
B. $29,500
C. $28,000
D. $29,000

Answer A

5 months  $24,000 = $10,000 2000/month - 2500/month

12 months
T2-T6= 2000*5= 10000
7 months  $30,000 = $17,500 T7-T1= 2500*7= 17500
12 months
Total rent: $10,000 + $17,500 = $27,500
ays rent quarterly in advance on 1 January, 1 April, 1
was increased from $24,000 per year to $30,000 per

ment of profit or loss for year ended 31 January

nth - 2500/month

00*5= 10000
00*7= 17500
 Determining the amount to be recognised in the first year is an example of which stage in the process of applying
Q10
A. Determining the transaction price
B. Recognising revenue when a performance obligation is satisfied
C. Identifying the separate performance obligations
D. Allocating the transaction price to the performance obligations

Answer B

Solution
Recognising revenue when a performance obligation is satisfied.
n the process of applying IFRS 15?
 Under IAS 1 Presentation of financial statements, which of the following must be disclosed on the face of the stat
Q11 other comprehensive income?

A. Profit before tax

B. Gross profit
C. Revenue
D. Dividends

Answer C

Solution
IAS 1 requires revenue to be disclosed on the face of the statement of profit or loss and other
comprehensive income. It does not specify that a company must disclose profit before tax or
gross profit on the face of the statement of profit or loss and other comprehensive income,
however, most companies choose to do this. Dividends are disclosed in the statement of changes
in equity if they are paid or are declared before the period end
osed on the face of the statement of profit or loss and
 At 1 November 20X9, Telway Co had an allowance for receivables of $90,000. At 31 October 20X0, its trade receiv
which $60,000 was identified as unrecoverable and was written off. Telway Co’s allowance for receivables has no
equivalent of 5% of remaining trade receivables.
Q12
What amount should be recorded in the statement of profit or loss for the receivables expense for the year ende

A. $58,600 debit
B. $28,600 debit
C. $31,400 credit
D. $118,600 debit

Answer B
1172000
Solution 58600

= 60,000 + ((1,232,000 – 60,000)  5%) – 90,000

ber 20X0, its trade receivables were $1,232,000 of
ce for receivables has now been adjusted to the

pense for the year ended 31 October 20X0?

30000 28600
Q13 Which TWO of the following roles could internal audit carry out in respect of risk management and still operate e
1 Monitoring the company's overall risk strategy
2 Designing an internal control system in a production department
3 Testing internal controls in the purchasing department
4 Implementing internal controls in the sales department

A ̣(1) & (2)

B (1) & (3)
C (2) & (4)
D (3) & (4)

Answer B
2 & 4 not correct because they are too optional and would compromise internal audit monitoring's role
anagement and still operate effectively?

ternal audit monitoring's role

Q14 Which of the following is the best audit procedure for the discovery of damaged merchandise in a client's ending

A. Compare the physical quantities of slow-moving items with corresponding quantities in the prior year.
B. Observe merchandise and raw materials during the client's physical inventory taking.
C. Review the management's inventory representations letter for accuracy
D. Test overall fairness of inventory values by comparing the company's turnover ratio with the industry av

Answer B
rchandise in a client's ending inventory?

quantities in the prior year.

over ratio with the industry average

Q15 Which of the following is normally the most reliable source of audit evidence?
A. Internal audit
B. Suppliers statements
C. Board minutes
D. Analytical review

Answer B
 Which of the following procedures would provide the most reliable source of evidence where a company receive
Q16 year end which relates to a period that straddles the year end?

A. Confirming the purchase amount to supplier statement at the year end

B. Vouching the payment of the invoice
C. Testing internal controls over accruals
D. Recalculating the portion of th invoice amount which relates to the reporting period

Answer D
nce where a company receives an invoice after the

ting period
Q17 Which of the following assertions is assurance provider least concerned with when testing a non - current asset b

A. Existence
B. Right & Obligations
C. Completeness
D. Cut - off

Answer D
testing a non - current asset balance?
 When restrictions that significantly affect the scope of the audit are imposed by the client, the auditor generally s
Q18 the following opinion?
A. Qualified opinion
B. Disclaimer of opinion
C. Adverse opinion
D. Unqualified report with ‘an emphasis of matter’ paragraph

Answer B
client, the auditor generally should issue which of
 Last year Coles Co made profits before tax of $2,628,000. Tax amounted to $788,000. Coles Co’s share capital was
share) and $4,000,000, 6% preference shares
Q19 What was the earnings per share (EPS) for the year (to one decimal place)?

A. $0.40
B. $1.20
C. $0.80
D. $0.60

Answer C

EPS = (TN rong - co tuc co phieu uu dai)/so luong cp binh quan dang luu hanh
0.8
0. Coles Co’s share capital was $2,000,000 ($1 per

1840000
240000 1600000 0.8
Q20 Which of the following is the correct sequence of various stages of operating cycle of manufacturing company?
A. Raw material conversion period, work-in-progress conversion period, Finished goods conversion period,
B. Raw material conversion period, work-in-progress conversion period, Creditors payment period, Receiva
C. Creditors payment period, Raw material conversion period, Receivables conversion period, work-in-prog
D. Raw material conversion period, Finished goods conversion period, work-in-progress conversion period,

Answer A
of manufacturing company?
shed goods conversion period, Receivables conversion period
ditors payment period, Receivables conversion period
onversion period, work-in-progress conversion period
n-progress conversion period, Receivables conversion period
Q21 What is the trade surplus of Vietnam in 2021?
A. 3 billion USD
B. 4 billion USD
C. 5 billion USD
D. 6 billion USD

Answer B 2022=12 tỉ
Q22 What is the GDP in Vietnam 2021?
A. 290 USD Billion
B. 300 USD Billion
C. 310 USD Billion
D. 320 USD Billion

Answer A 2022=409 tỉ
Q23 Which province has the smallest area in Viet Nam?
A. Bac Ninh
B. Thai Nguyen
C. Nam Dinh
D. Thai Binh

Answer A
Q24 Who issued the official name of COVID-19
A. WTO
B. WHO
C. IMF
D. UNICEF

Answer B
Q25 Luca Pacioli was:
A. Author of the first book on double-entry accounting
B. The US Senator who initiated the Sarbanes–Oxley Act.
C. The inventor of agency theory.
D. Author of the theory of inspired confidence.

Answer A
 The respective ratio of the number of boys to the number of girls studying in a School is 25 : 29. The total number
Q26 the School is 270. If 15 boys and 15 girls take admission in the School, what will be the new respective ratio of the
studying in the School?

A. 6:7
B. 8:9
C. 7:8
D. 7:9

Answer C
54
Solution 5
Original number of boys = 25/(25+29)x270=25/54x270=125
Number of girls = 270-125=145
Required ratio=(125+15):(145+15)=140:160=14:16=7:8
ol is 25 : 29. The total number of students studying in
he new respective ratio of the boys and girls

125 140
145 160 0.875 0.875
Q27 Find the wrong term in the given series: 612, 306, 103, 25.5, 5.1
A. 612
B. 306
C. 103
D. 25.5
E. 5.1
51.5
Answer C

Solution
612/2 = 306
306/3=102 , not 103
102/4=25.5
25.5/5=5.1
 Direction: Read the following passage carefully and answers the questions given below:
Nine people A, B, C, D, E, F, G, H and I are sitting around a circular table facing the centre. G is fourth to the left of
right of E. H is fourth to the right of E and is second to the left of D. C is fourth to the right of D. A is not an immed
Q28 D or G. B is third to the right of I.
Who is fourth to the right of A?

A. G
B. C
C. H
D. A

Answer A
E
Solution B
C

F G F

A A
D

H I
 ow:
entre. G is fourth to the left of F who is second to the
e right of D. A is not an immediate neighbor of either

C B

A
D

H I
 Direction: Study the information given below and answer the questions based on it.
Eight persons M, N, O, P, Q, R, S and T belong to the same family. It is a three-generation family and 3 couples are
Q29 father of T. T is the sister of S. P is the son of S. O is the son-in-law of M. Q is the aunt of P. R is the mother of Q. N
How is R related to T?

A. Father
B. Sister
C. Mother
D. Grandmother

Answer C

Solution
ation family and 3 couples are there in the family. M is the
nt of P. R is the mother of Q. N is married to T.
 What should come in place of the question mark '?' in the following number series ?
Q30 2, 6, 12, 20, ?, 42, 56
A. 27
B. 38
C. 36
D. 30

Answer D

Solution
?
Q31 What language is the most official spoken language by many countries?
A. English
B. Chinese
C. French
D. Spanish

Answer D
III. SECTION 3 - TAX

Q32 Current standard CIT rate is:

A. 27% (applicable from 1 January 2014)
B. 22% (applicable from 1 January 2015)
C. 20% (applicable from 1 January 2016)
D. 20% (applicable from 1 January 2014)

Answer C

Refer to Article 11, Circular 11/VBHN-BTC

https://thuvienphapluat.vn/van-ban/Doanh-nghiep/Van-ban-hop-nhat-11-VBHN-BTC-2017-Thong-tu-hu
Điều 11. Thuế suất thuế thu nhập doanh nghiệp
1. Kể từ ngày 01/01/2014, thuế suất thu ế thu nh ập doanh nghi ệp là 22%, tr ừ tr ường h ợp quy đ ịnh t ại kho ản 2, kho ản 3 Đi ều nà
…
Kể từ ngày 01/01/2016, trường hợp thuộc diện áp d ụng thu ế su ất 22% chuy ển sang áp d ụng thu ế su ất 20%.
-VBHN-BTC-2017-Thong-tu-huong-dan-218-2013-ND-CP-Thue-doanh-nghiep-352332.aspx

uy đ ịnh t ại kho ản 2, kho ản 3 Đi ều này và các tr ường h ợp đ ược áp d ụng thu ế su ất ưu đãi.

ng thu ế su ất 20%.
 On 1 January 2016, company CRS Co purchased a 16-seat car for VND 2,640 million (including VAT) with proper in
depreciated for five years.
Q33 What is the amount of the adjustment for non-deductible expenses, which CRS Co should make for the car in its t
2016?

A. VND0 million
B. VND208 million
C. VND320 million
D. VND528 million

Answer A

Refer to Article 6, Circular 11/VBHN-BTC >>> Depreciation of the portion of cost in excess of VND1.6 billion/car for cars for the t
>>> In this case, the car has 16-seat >>> not subject to the above cap
https://thuvienphapluat.vn/van-ban/Doanh-nghiep/Van-ban-hop-nhat-11-VBHN-BTC-2017-Thong-tu-hu
Điều 6. Các khoản chi được trừ và không được trừ khi xác định thu nh ập ch ịu thu ế
…
2. Các khoản chi không được trừ khi xác định thu nhập ch ịu thu ế bao g ồm:
e) Một số trường hợp cụ thể được xác định như sau:
- Không được tính vào chi phí được trừ khi xác định thu nh ập ch ịu thu ế: Ph ần trích kh ấu hao t ương ứng v ới nguyên giá v ượt tr
chở người từ 9 chỗ ngồi trở xuống (trừ: ô tô dùng cho kinh doanh v ận t ải hành khách, kinh doanh du l ịch, khách s ạn; ô tô dùng
kinh doanh ô tô); phần trích khấu hao đối với tài sản c ố định là tàu bay dân d ụng, du thuy ền không s ử d ụng kinh doanh v ận ch
kinh doanh du lịch, khách sạn.
including VAT) with proper invoices. The car will be

hould make for the car in its tax return for the year

of VND1.6 billion/car for cars for the transport of 9 persons or fewer shall not be deductible.

-VBHN-BTC-2017-Thong-tu-huong-dan-218-2013-ND-CP-Thue-doanh-nghiep-352332.aspx

ao t ương ứng v ới nguyên giá v ượt trên 1,6 t ỷ đ ồng/xe đ ối v ới ô tô

doanh du l ịch, khách s ạn; ô tô dùng đ ể làm m ẫu và lái th ử cho
n không s ử d ụng kinh doanh v ận chuy ển hàng hóa, hành khách,
 Company A is liable to pay VAT under the credit method. The added-value invoice contains the following items:
Selling price: VND 100,000.
VAT (10%): VND 10,000.
Q34 Payment price: VND 110,000
What is the turnover for calculating CIT-able income?

A. VND 110,000
B. VND 100,000
C. VND 111,111
D. VND 90,000

Answer B

Refer to Article 5, Circular 11/VBHN-BTC >>> For enterprises paying VAT by the credit method, the turnover is exclusive of VAT
https://thuvienphapluat.vn/van-ban/Doanh-nghiep/Van-ban-hop-nhat-11-VBHN-BTC-2017-Thong-tu-hu
Điều 5. Doanh thu
1. Doanh thu để tính thu nhập chịu thuế được xác định nh ư sau:
…
a) Đối với doanh nghiệp nộp thuế giá trị gia tăng theo ph ương pháp kh ấu tr ừ thu ế là doanh thu ch ưa bao g ồm thu ế giá tr ị gia tă
ontains the following items:

hod, the turnover is exclusive of VAT >>> CIT-able income = VND100,000

-VBHN-BTC-2017-Thong-tu-huong-dan-218-2013-ND-CP-Thue-doanh-nghiep-352332.aspx

thu ch ưa bao g ồm thu ế giá tr ị gia tăng.

Q35 When would they determine of VAT/CIT for goods:
A. Transfer of ownership and risk of the goods
B. Money collection
C. Invoice issuance
D. Others

Answer A

CIT: Refer to Article 5, Circular 11/VBHN-BTC

https://thuvienphapluat.vn/van-ban/Doanh-nghiep/Van-ban-hop-nhat-11-VBHN-BTC-2017-Thong-tu-hu
Điều 5. Doanh thu
…
2.5 Thời điểm xác định doanh thu để tính thu nh ập ch ịu thu ế đ ược xác đ ịnh nh ư sau:
a) Đối với hoạt động bán hàng hóa là thời điểm chuyển giao quy ền s ở h ữu, quy ền s ử d ụng hàng hóa cho ng ười mua;

VAT: Refer to Article 8, Circular 14/VBHN-BTC

https://thuvienphapluat.vn/van-ban/Thue-Phi-Le-Phi/Van-ban-hop-nhat-14-VBHN-BTC-2018-huong-dan
Điều 8. Thời điểm xác định thuế GTGT
1. Đối với bán hàng hóa là thời điểm chuyển giao quy ền s ở h ữu ho ặc quy ền s ử d ụng hàng hóa cho ng ười mua, không phân bi ệ
-VBHN-BTC-2017-Thong-tu-huong-dan-218-2013-ND-CP-Thue-doanh-nghiep-352332.aspx

hàng hóa cho ng ười mua;

4-VBHN-BTC-2018-huong-dan-thi-hanh-Luat-Thue-gia-tri-gia-tang-383499.aspx

hóa cho ng ười mua, không phân bi ệt đã thu đ ược ti ền hay ch ưa thu đ ược ti ền.
 In 2016, SPTF Co incurred losses of VND10 billion from incentive activities which were subject to a tax rate of 10%
transferring of real estate of VND3 billion and had other income of VND8 billion.
Q36 What is the minimum tax liability of SPTF Co in 2016?

A. VND2,420 million
B. VND600 million
C. VND660 million
D. VND0 million

Answer B

Refer to Article 18, Circular 11/VBHN-BTC >>> The loss from incentive activities (VND10 billion) shall be used to offset against
other income (VND8 billion). The loss could not be used to offset against income from the transferring of real estate (VND3 billio
>>> CIT liability = 20% * VND3 billion = VND600 million.
https://thuvienphapluat.vn/van-ban/Doanh-nghiep/Van-ban-hop-nhat-11-VBHN-BTC-2017-Thong-tu-hu

Điều 18. Điều kiện áp dụng ưu đãi thuế thu nhập doanh nghi ệp
9. Trường hợp trong cùng kỳ tính thu ế, doanh nghi ệp có phát sinh ho ạt đ ộng kinh doanh đ ược h ưởng ưu đãi thu ế b ị l ỗ, ho ạt đ ộ
kinh doanh không được hưởng ưu đãi thuế, thu nhập khác c ủa các ho ạt đ ộng kinh doanh (không bao g ồm thu nh ập t ừ ho ạt đ ộ
chuyển nhượng bất động sản, chuyển nhượng dự án đầu t ư; thu nh ập t ừ chuy ển nh ượng quy ền tham gia d ự án đ ầu t ư, chuy ển
nhượng quyền thăm dò, khai thác, chế biến khoáng s ản theo quy đ ịnh c ủa pháp lu ật) có thu nh ập (ho ặc ng ược l ại) thì doanh
nghiệp bù trừ vào thu nhập chịu thuế của các ho ạt động có thu nh ập do doanh nghi ệp l ựa ch ọn. Ph ần thu nh ập còn l ại sau khi
trừ áp dụng mức thuế suất thuế thu nhập doanh nghiệp theo m ức thu ế su ất c ủa ho ạt đ ộng còn thu nh ập.
Trường hợp trong các kỳ tính thuế trước, doanh nghi ệp đang b ị l ỗ (n ếu còn trong th ời h ạn chuy ển l ỗ) thì doanh nghi ệp ph ải
chuyển lỗ tương ứng với các hoạt động có thu nh ập. Nếu doanh nghi ệp không tách riêng đ ược l ỗ c ủa t ừng ho ạt đ ộng thì doanh
nghiệp chuyển lỗ vào thu nhập của hoạt động được h ưởng ưu đãi thu ế thu nh ập doanh nghi ệp tr ước sau đó v ẫn còn l ỗ thì chu
vào thu nhập của hoạt động không được hưởng ưu đãi thu ế thu nh ập doanh nghi ệp (không bao g ồm thu nh ập t ừ ho ạt đ ộng
chuyển nhượng bất động sản, chuyển nhượng dự án đầu t ư; thu nh ập t ừ chuy ển nh ượng quy ền tham gia d ự án đ ầu t ư, chuy ển
nhượng quyền thăm dò, khai thác khoáng s ản theo quy đ ịnh c ủa pháp lu ật).
re subject to a tax rate of 10%, made gains from the

lion) shall be used to offset against

ansferring of real estate (VND3 billion).

-VBHN-BTC-2017-Thong-tu-huong-dan-218-2013-ND-CP-Thue-doanh-nghiep-352332.aspx

ược h ưởng ưu đãi thu ế b ị l ỗ, ho ạt đ ộng

không bao g ồm thu nh ập t ừ ho ạt đ ộng
quy ền tham gia d ự án đ ầu t ư, chuy ển
u nh ập (ho ặc ng ược l ại) thì doanh
ch ọn. Ph ần thu nh ập còn l ại sau khi bù
còn thu nh ập.
chuy ển l ỗ) thì doanh nghi ệp ph ải
ược l ỗ c ủa t ừng ho ạt đ ộng thì doanh
hi ệp tr ước sau đó v ẫn còn l ỗ thì chuy ển
g bao g ồm thu nh ập t ừ ho ạt đ ộng
quy ền tham gia d ự án đ ầu t ư, chuy ển
 At the end of 2017, BND Co, paid bonuses to its board of directors of VND3,000 million. Each of the five directors
amount of bonus. Two out of the five directors are not involved in the daily management of the company’s busin
Q37 What is the amount of tax-deductible expenses which BND Co will be able to claim for the year 2017?

A. VND3,000 million
B. VND1,200 million
C. VND1,800 million
D. VND0 million

Answer C

Refer to Article 6, Circular 11/VBHN-BTC >>> Only bonuses paid to BOD who are involved in the management of the company's
>>> Tax deductible expenses in 2017 = 3/5 * VND3000 million = VND1,800 million
https://thuvienphapluat.vn/van-ban/Doanh-nghiep/Van-ban-hop-nhat-11-VBHN-BTC-2017-Thong-tu-hu
Điều 6. Các khoản chi được trừ và không được trừ khi xác định thu nh ập ch ịu thu ế
…
2.6. Chi tiền lương, tiền công, tiền thưởng cho ng ười lao động thu ộc m ột trong các tr ường h ợp sau:

d) Tiền lương, tiền công của chủ doanh nghiệp tư nhân, ch ủ công ty trách nhi ệm h ữu h ạn m ột thành viên (do m ột cá nhân làm
lập viên, thành viên của hội đồng thành viên, h ội đồng qu ản tr ị mà nh ững ng ười này không tr ực ti ếp tham gia đi ều hành s ản xu
ion. Each of the five directors is paid an equal
ment of the company’s business.
for the year 2017?

in the management of the company's business shall be deductible.

-VBHN-BTC-2017-Thong-tu-huong-dan-218-2013-ND-CP-Thue-doanh-nghiep-352332.aspx

m ột thành viên (do m ột cá nhân làm ch ủ); thù lao tr ả cho các sáng
g tr ực ti ếp tham gia đi ều hành s ản xu ất, kinh doanh.
Q38 Which of the following is the final tax declaration/payment period of a tax resident earning employment income?

A. On an annual basis
B. On a quarterly basis
C. On a monthly basis
D. On each occasion when the income arises

Answer A
earning employment income?
Q39 Which of the following cases would NOT be dependants for PIT deduction purpose?

A. Children under 18 years old

B. Children over 18 years old but being handicapped and unable to work
C. Children studying master programs
D. Adopted children

Answer C
 An individual earned an interest income from bank deposit of VND50 million.
Q40 What is the PIT liability?

A. VND0 million
B. VND1 million
C. VND2 million
D. VND4 million

Answer A

Interest income from bank deposit is PIT exempted

 Ms Nga Le is a Vietnamese national with no dependants. On 1 January 2019, she signed a gross employment cont
VND260 million per month.
Q41 What is the amount of Ms Nga Le’s monthly net take home income (ignoring contribution to compulsory insuranc

A. VND81·15 million
B. VND78 million
C. VND178·85 million
D. VND182 million

Answer D

260 million – [(260 million – 9 million) * 35% – 9·85 million] = 182 million.
ned a gross employment contract with salary of

bution to compulsory insurance funds)?

 Which of the following items are VAT objects?
Q42
A. Goods and services manufactured and traded in Vietnam, except for exempted cases by law
B. Goods and services purchased from overseas companies and individuals, except for exempted cases by l
Goods and services used for manufacture, trade and consumption in Vietnam including those purchased
C.
companies/individuals, except for exempted cases by laws
D. Goods and services manufactured, traded and consumption in Vietnam, except for exempted cases by la

Answer A
pted cases by law
xcept for exempted cases by law
am including those purchased from overseas

xcept for exempted cases by law

Q43 Which of the following is the taxable price of imported goods?

A. The imported price exclusive of VAT

B. The imported price exclusive of VAT, inclusive of special sale tax
C. The imported price exclusive of VAT, inclusive of import tax
D. The imported price exclusive of VAT, inclusive of import tax and special sale tax

Answer D
Q44 How the VAT liability is determined in the VAT credit method?

A. Output VAT - Input VAT

B. Revenue * VAT rate
C. (Revenue - COGS) * VAT rate
D. Output VAT - Creditable Input VAT

Answer D
 Which of the following transactions would be subject to Foreign Contractor Tax (“FCT”) in Vietnam?
(i) Repair of a Vietnamese internet cable offshore
(ii) Online training for the employees of a Vietnamese company where the server is hosted overseas
Q45 (iii) An intermediary arrangement for a Vietnamese company to provide services in Singapore
(iv) Granting of rights to a Vietnamese company to use the international brand name of a world-famous product

A. i and ii
B. ii and iv
C. i and iii
D. iii and iv

Answer B
CT”) in Vietnam?

hosted overseas
Singapore
e of a world-famous product in Vietnam
Q46 Which of the following is late payment fine interest of tax payable per day on the overdue amount from the over

A. 0.01%
B. 0.02%
C. 0.03%
D. 0.04%

Answer D
verdue amount from the over due date.?
Q47 When is deadline submission CIT finalization dossier in Vietnam?
A. No later than the last day of the 3rd month from end of fiscal year
B. No later than the last day of the 2nd month from end of fiscal year
C. No later than the last day of the 4th month from end of fiscal year
D. No later than the last day of the 1st month from end of fiscal year

Answer A
 Which of the following statements are correct?
(i) The Vietnamese language shall be the official language used in all tax-related documents to be submitted to the
(ii) Documents in a foreign language must be translated into Vietnamese. All translations must be performed or cer
public notary
Q48 (iii) Where the documents in a foreign language are more than 20 pages (of A4 size) long, the taxpayer is allowed to
provisions relating to the determination of the tax obligations (plus a written explanation to the tax authorities)

A. i only
B. ii and iii only
C. i and iii only
D. i, ii and iii

Answer C

Refer to Article 5, Circular 156/2013/TT-BTC

https://thuvienphapluat.vn/van-ban/Thue-Phi-Le-Phi/Thong-tu-156-2013-TT-BTC-huong-dan-Luat-Quan
Điều 5. Văn bản giao dịch với cơ quan thu ế
…
4. Ngôn ngữ được sử dụng trong hồ sơ thuế là tiếng Việt. Tài li ệu b ằng ti ếng n ước ngoài thì ph ải đ ược d ịch ra ti ếng Vi ệt. Ng ười
nhiệm trước pháp luật về nội dung bản dịch. Trường h ợp tài li ệu b ằng ti ếng n ước ngoài có t ổng đ ộ dài h ơn 20 trang gi ấy A4 thì
dịch những nội dung, điều khoản có liên quan đến xác đ ịnh nghĩa v ụ thu ế.

Đối với hồ sơ Thông báo thuộc diện miễn, giảm thu ế theo Hiệp định tránh đánh thu ế hai l ần thì tuỳ vào tính ch ất c ủa t ừng lo ại h
nộp thuế cần dịch những nội dung trong hợp đồng nh ư: tên h ợp đồng, tên các đi ều kho ản trong h ợp đ ồng, th ời gian th ực hi ện h
thầu nước ngoài hiện diện tại Việt Nam (nếu có), trách nhiệm, cam k ết c ủa m ỗi bên; các quy đ ịnh v ề b ảo m ật và quy ền s ở h ữu s
đồng, các nội dung có liên quan đến xác định nghĩa v ụ thu ế và các n ội dung t ương t ự (n ếu có); đ ồng th ời g ửi kèm theo b ản ch ụ

Việc hợp pháp hóa lãnh sự đối với các giấy tờ, tài liệu do c ơ quan có th ẩm quy ền n ước ngoài c ấp ch ỉ b ắt bu ộc trong tr ường h ợp
ments to be submitted to the tax authorities
ons must be performed or certified by an authorized

ong, the taxpayer is allowed to translate only the key

tion to the tax authorities)

TT-BTC-huong-dan-Luat-Quan-ly-thue-va-Nghi-dinh-83-2013-ND-CP-214560.aspx

ì ph ải đ ược d ịch ra ti ếng Vi ệt. Ng ười n ộp thu ế ký tên, đóng d ấu trên b ản d ịch và ch ịu trách
t ổng đ ộ dài h ơn 20 trang gi ấy A4 thì ng ười n ộp thu ế có văn b ản gi ải trình và đ ề ngh ị ch ỉ c ần

n thì tuỳ vào tính ch ất c ủa t ừng lo ại h ợp đ ồng và yêu c ầu c ủa c ơ quan thu ế (n ếu có), ng ười
trong h ợp đ ồng, th ời gian th ực hi ện h ợp đ ồng ho ặc th ời gian th ực t ế chuyên gia c ủa nhà
y đ ịnh v ề b ảo m ật và quy ền s ở h ữu s ản ph ẩm (n ếu có), đ ối t ượng có th ẩm quy ền ký k ết h ợp
có); đ ồng th ời g ửi kèm theo b ản ch ụp h ợp đ ồng có xác nh ận c ủa ng ười n ộp thu ế.

oài c ấp ch ỉ b ắt bu ộc trong tr ường h ợp c ụ th ể h ướng d ẫn t ại Đi ều 16, Đi ều 20, Đi ều 44, Đi ều 54 Thông t ư này.

Q49 Which of the following items are exempted from VAT?
A. Science and technology services according to the laws
B. Internet entertainment services
C. Software services
D. Teaching tools

Answer C
 Which of the following is the taxable price of goods and services used for exchange and internal consumption ser
Q50 activities?

A. The selling price exclusive of VAT

B. The selling price inclusive of VAT
C. The taxable price of the similar kinds of goods and services
D. The taxable price of the similar kinds of goods and services at the performing time of these transactions

Answer D
and internal consumption served for non-business

ng time of these transactions

Q51 In the 1st tax period, an expatriate shall be assessed as a tax resident in Vietnam if:
A. The total number of days residing in Vietnam is 183 days or more for the period of 12 consecutive month
B. The total number of days residing in Vietnam is 183 days or more in the 1st calendar year on which the e
C. The total number of days residing in Vietnam is 183 consecutive days or more in the 1st calendar year on
D. The total number of days residing in Vietnam is 183 consecutive days or more for the period of 12 month

Answer A
eriod of 12 consecutive months from the 1st arrival day
t calendar year on which the expatriate is in Vietnam
ore in the 1st calendar year on which the expatriate is in Vietnam
ore for the period of 12 months from the 1st arrival date
Q52 A non-tax resident has an employment cost of VND800 million for his work in Vietnam in 2018. What is his annua
A. VND225.825 million
B. VND200 million
C. VND160 million
D. VND80 million

Answer C

800 million * 20%

am in 2018. What is his annual tax liability?
Q53 Which accounting concept states that omitting or misstating this information could influence users of the financia
A. The consistency concept
B. The accruals concept
C. The materiality concept
D. The going concern concept

Answer C
influence users of the financial statements?
Q54 Which one of the following can the accounting equation can be rewritten as?
A. Assets + profit – drawings – liabilities = closing capital
B. Assets – liabilities – drawings = opening capital + profit
C. Assets – liabilities – opening capital + drawings = profit
D. Assets – profit – drawings = closing capital – liabilities

Answer C

Assets – liabilities = opening capital + profits – drawings

Therefore, assets – liabilities – opening capital + drawings = profit
Q55 Which of the following statements is true?
A. A debit records an increase in liabilities.
B. A debit records a decrease in assets.
C. A credit records an increase in liabilities.
D. A credit records an decrease in capital.

Answer C

A debit records an increase in assets or a decrease in liabilities. A credit records an increase in

liabilities and/or capital. Therefore only C is true.
 Which of the following should be disclosed in the note to the financial statements for inventories?
1. The date the inventories were purchased or manufactured and/or how long they have been held as inventories
2. The amount of inventories carried at net realisable value
Q56 3. The accounting policies adopted in measuring inventories
4. The useful life of the inventories

A. 3 only
B. 2 and 3 only
C. 1 and 4 only
D. 1 only

Answer B

IAS 2 requires disclosure of the accounting policies adopted in measuring inventories, including
the cost formula used, the total carrying amount of inventories and the carrying amount in
classifications appropriate to the entity and the carrying amount of inventories carried at net
realisable value.
or inventories?
ave been held as inventories

es, including