EXERCISE CHAPTER 1: OVERVIEW OF ACCOUNTING FOR
GOVERNMENTAL & PUBLIC NON-PROFIT ENTITIES
1. Which entities apply/do not apply accounting policy according to Circular
24/2024/TT-BTC?
Number Entities Apply Do not
apply
1 Public non–profit entities self-finance both recurrent
and investment expenditures (Group 1)
2 Public non–profit entities self-finance recurrent
expenditures (Group 2)
3 Public non–profit entities self-finance part of
recurrent expenditures (Group 3)
4 Public non–profit entities with recurrent expenditures
guaranteed by the state budget (Group 4)
5 State agencies
6 State-owned enterprises
7 The State Bank
8 The socio-political organizations
9 Commune People’s Committee
10 Private enterprises
2. According to Law on Accounting No 88/2015/QH (amended in 2024):
- Annual accounting period is … months, from …….. to …….
- Quarterly accounting period is … months, from ……. to….
- Monthly accounting period is … month, from …. to….
3. According to Law on Accounting No 88/2015/QH (amended in 2024), what
elements at least does an accounting voucher consist of?
1
4. According to Circular 24/2024/TT-BTC, which followings are compulsory/
not compulsory vouchers?
Number Voucher Compulsory Not compulsory
1 Cash Receipt Invoice
2 Inventory received note/ Goods
receiving the voucher
3 Cash payment invoice
4 Salary/payroll sheet
5 Fixed asset depreciation worksheet
6 Requisition for Advance payment/
Advance clearing
7 Goods delivery note/ Inventory delivery
voucher
8 Budget withdrawal voucher
9 Cash receipt voucher
10 Payment Order
11 Debit note
12 Credit note
5. According to Circular 24/2024/TT-BTC:
a. Off-balance sheet accounts are recoded under:
[Link] entry [Link] journal entry
b. On-balance sheet accounts are recorded under:
[Link] entry B. Double journal entry
6. According to Circular 24/2024/TT-BTC, which off-balance-sheet accounts are
related/not related to the state budget?
Number Account Related to the state budget Not related to the state budget
1 001
2 002
3 004
2
4 007
5 008
6 009
7 012
8 013
9 014
10 018
7. According to Circular 24/2024/TT-BTC, the following accounts are opened in
detail by year (previous year, current year). True/False?
Number Account True False
1 Type 1
2 Type 2
3 Type 3
4 Type 4
5 Type 5
6 Type 6
7 Type 7
8 Type 8
9 Type 9
10 Type 0
8. According to Circular 24/2024/TT-BTC, the following accounts have balances
at the end of the accounting year. True/False?
Number Account True False
1 Type 1
2 Type 2
3 Type 3
4 Type 4
5 Type 5
6 Type 6
3
7 Type 7
8 Type 8
9 Type 9
10 Type 0
9. According to Law on Accounting No 88/2015/QH, what methods of correcting
an accounting book?
10. According to Circular 24/2024/TT-BTC, which statements are prepared by
entities?
Number Entity Financial Budgetary
statements statements
1 Public non–profit entities self-finance both recurrent
and investment expenditures (Group 1) and have no
source to settle with the state budget
2 Public non–profit entities self-finance recurrent
expenditures (Group 2)
3 Public non–profit entities self-finance part of
recurrent expenditures (Group 3)
4 Public non–profit entities with recurrent expenditures
guaranteed by the state budget (Group 4)
5 State Agencies
10. Matching items in column A for items in column B below:
A B
1/ Accounting entity/unit a/ is subordinate/ lower-level unit of accounting entity
which does all contents of accounting work
2/ Depending accounting unit b/ is subordinate/ lower-level unit of accounting entity
which does partial contents of accounting (excluding
preparation of FSs)
3/ Spending unit c/ is subordinate/ lower-level unit of accounting entity
which does not accounting work, only issues and
processes invoices compliance with requirements of
accounting entity