Sapp - Ey Entrance Test Answer

SAPP Academy Tel 096 972 94 63
6 Floor, No 2, Trai Ca Valley, Truong Dinh street, Ha Noi Sapp.edu.vn
EY ENTRANCE TEST ANSWER

SAPP Academy
No. 20, 198 alley, Xa Dan street, Ha Noi
Tel: 0166 7703 493
Sapp.edu.vn
I. ACCOUNTING (20 questions)

1. 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?
(i) Accruals
(ii) Completeness
(iii) Going concern
(iv) Neutrality
A. i and ii
B. ii and iv
C. ii and iii
D. i and iv
2. The following bank reconciliation statement has been prepared by a trainee accountant:
$
Overdraft per bank statement 3,860
Less: Unpresented cheques 9,160
5,300
Add: Outstanding lodgements 16,690
Cash at bank 21,990
What should be the correct balance per the cash book?

A. $21,990 balance at bank as stated
B. $3,670 balance at bank
C. $11,390 balance at bank
D. $3,670 overdrawn
Answer:
$
Overdraft per bank statement (3,860)
Less: Unpresented cheques (9,160)
(13,020)
Add: Outstanding lodgements 16,690
Cash at bank 3,670
Page 1 of 21
3. Gareth, a sales tax registered

SAPP Academy trader purchased a computer for useTel:
in 0166
his 7703
business.
493 The
No. 20, 198 alley, Xa Dan street, Ha Noi Sapp.edu.vn
invoice for the computer showed the following costs related to the purchase:
$
Computer 890
Additional memory 95
Delivery 10
Installation 20
Maintenance (1 year) 25
1,040
Sales tax (17.5%) 182
Total 1,222
How much should Gareth capitalise as a non-current asset in relation to the purchase?
A. $1,193
B. $1,040
C. $1,222
D. $1,015
Answer: 1040 – 25 = 1015
4. Prior to the financial year end of 31 July 20X7, Canon Co has received a claim of
$100,000 from a supplier for providing poor quality goods which have damaged the
supplier’s plant and equipment. Canon Co’s lawyers have stated that there is a 20%
chance that Canon will successfully defend the claim.
Which of the following is the correct accounting treatment for the claim in the financial
statements for the year ended 31 July 20X7?
A. Canon should neither provide for nor disclose the claim
B. Canon should disclose a contingent liability of $100,000
C. Canon should provide for the expected cost of the claim of $100,000
D. Canon should provide for an expected cost of $20,000
Page 2 of 21
SAPP Academy Tel: 0166 7703 493

5. Q’s trial balance failed to agree and a suspense account was opened for the difference.
Q does not keep receivables and payables control accounts. The following errors were
found in Q’s accounting records:
(i) In recording an issue of shares at par, cash received of $333,000 was credited to the
ordinary share capital account as $330,000
(ii) Cash of $2,800 paid for plant repairs was correctly accounted for in the cash book
but was credited to the plant asset account
(iii) The petty cash book balance of $500 had been omitted from the trial balance
(iv) A cheque for $78,400 paid for the purchase of a motor car was debited to the motor
vehicles account as $87,400.
Which of the errors will require an entry to the suspense account to correct them?
A. i, ii and iv only
B. i, ii, iii and iv
C. i and iv only
D. ii and iii only
6. Which of the following statements about sales tax is/are true?

(i) Sales tax is an expense to the ultimate consumer of the goods purchased
(ii) Sales tax is recorded as income in the accounts of the entity selling the goods
A. i only
B. ii only
C. Both i and ii
D. Neither i nor ii
7. The following extracts are from Hassan’s financial statements:

$
Profit before interest and tax 10,200
Interest (1,600)
Tax (3,300)
Profit after tax 5,300
Share capital 20,000
Reserves 15,600
35,600
Loan liabilities 6,900
42,500
What is Hassan’s return on capital employed?
A. 15%
B. 29%
C. 24%
D. 12%
Answer: ROCE = Operating profit/Capital employed = 10200/42500 = 0.24
Page 3 of 21
8. The plant and machinery

SAPP Academy account (at cost) of a business for the year
Tel: 0166 7703 ended
493 31
December 20X6 was as follows:
Plant and machinery - cost
20X6 $ 20X6 $
1 Jan Balance b/f 240,000 31 Mar Transfer to disposal 60,000
account
30 Jun Cash purchase of 160,000 31 Dec Balance b/f 340,000
plant
400,000 400,000
The company’s policy is to charge depreciation at 20% per year on the straight line basis,
with proportionate depreciation in the years of purchase and disposal.
What should be the depreciation charge for the year ended 31 December 20X6?
A. $68,000
B. $64,000
C. $61,000
D. $55,000
Answer:
Depreciation
$
Jan – Mar 240000 x 20% x 3/12 12000
Apr – Jun (240000 – 60000) x 20% x 3/12 9000
Jul – Dec (180000 + 160000) x 20% x 6/12 34000
55000
9. Which of the following should appear in a company’s statement of changes in equity?

(i) Total comprehensive income for the year
(ii) Amortisation of capitalised development costs
(iii) Surplus on revaluation of non-current assets
A. i, ii and iv
B. ii and iii only
C. i and iii only
D. i and ii only
Page 4 of 21

10. At 31 December 20X5 a company’s capital structure was as follows:
$
Ordinary share capital 125,000
(500,000 shares of 25c each)
Share premium account 100,000
In the year ended 31 December 20X6 the company made a rights issue of 1 share for
every 2 held at $1 per share and this was taken up in full. Later in the year the company
made a bonus issue of 1 share for every 5 held, using the share premium account for the
purpose.
What was the company’s capital structure at 31 December 20X6?
Ordinary share Share premium
capital account
A. $450,000 $25,000
B. $225,000 $250,000
C. $225,000 $325,500
D. $212,500 $262,500
Answer:
Share capital Share premium
$ $
Balance b/f 125000 100000
Rights issue 62500 187500
Bonus issue 37500 (37500)
225000 250000
11. Bumbly Co extracted the trial balance for the year ended 31 December 20X6. The total
of the debits exceeded the credits by $300.
Which of the following could explain the imbalance?
A. Sales of $300 were omitted from the sales day book
B. Returns inward of $150 were extracted to the debit column of the trial balance
C. Discounts received of $150 were extracted to the debit column of the trial balance
D. The bank ledger account did not agree with the bank statement by a debit of $300
Page 5 of 21
12. Amy is a sole trader

SAPPand had assets of $569,400 and liabilities of $412,840
Academy on 493
Tel: 0166 7703 1 January
20X6. During the year ended 31 December 20X6 she paid $65,000 capital into the
business and she paid herself wages of $800 per month.
At 31 December 20X8, Amy had assets of $614,130 and liabilities of $369,770.
What is Amy’s profit for the year ended 31 December 20X6?
A. $32,400
B. $23,600
C. $22,800
D. $87,800
Answer: Opening net assets: 569400 – 412840 = 156560
Closing net assets: 614130 – 369770 = 244360
Profit = 244360 – 156560 – 65000 + 800 x 12 = 32400
13. A company values its inventory using the FIFO method. At 1 May 20X6 the company had
700 engines in inventory, valued at $190 each. During the year ended 30 April 20X7 the
following transactions took place:
20X5
1 July Purchased 500 engines at $220 each
1 November Sold 400 engines for $160,000
20X6
1 February Purchased 300 engines at $230 each
15 April Sold 250 engines for $125,000
What is the value of the company’s closing inventory of engines at 30 April 20X7?
A. $188,500
B. $195,500
C. $166,000
D. $106,000
Answer: The value of closing inventory is:
Opening: 700 x 190 = 133000 1 May 20X5
Plus: 500 x 220 = 110000 1 July 20X5
Less: 400 x 190 = 76000 1 November 20X5
Plus: 300 x 230 = 69000 1 February 20X6
Less: 250 x 190 = 47500 15 April 20X6
Closing: 188,500
Page 6 of 21
14. Which of the following material events after the reporting date andTel:
SAPP Academy before the493financial
0166 7703
statements are approved are adjusting events?
(i) A valuation of property providing evidence of impairment in value at the reporting
date.
(ii) Sale of inventory held at the reporting date for less than cost.
(iii) Discovery of fraud or error affecting the financial statements.
(iv) The insolvency of a customer with a debt owing at the reporting date which is still
outstanding.
A. i, ii and iv only
B. i, ii, iii and iv
C. i and iv only
D. ii and iii only
15. The following control account has been prepared by a trainee accountant:
Receivables ledger control account
$ $
Opening balance 308,600 Cash 147,200
Credit sales 154,200 Discounts allowed 1,400
Cash sales 88,100 Interest charged on overdue 2,400
accounts
Contras 4,600 Irrecoverable debts 4,900
Allowance for receivables 2,800
Closing balance 396,800
Total 555,500 555,500
What should the closing balance be when all the errors made in preparing the
receivables ledger control account have been corrected?
A. $395,200
B. $304,300
C. $309,500
D. $307,100
Answer:
Receivables ledger control account
$ $
Opening balance 308,600 Cash 147,200
Credit sales 154,200 Discounts allowed 1,400
Interest charged on overdue 2,400 Contras 4,600
accounts
Irrecoverable debts 4,900
Closing balance 307100
Total 465,200 465,200
Page 7 of 21
16. Plym plc is a retailer

SAPPwhich
Academyis registered for VAT. All sales, and all purchases of 493
Tel: 0166 7703 goods for
resale, attract VAT at the rate of 20%. For the year to 30 June 20X7, Plym plc paid
£69,600 to suppliers in respect of goods for resale, and showed revenue in the
statement of profit or loss of £89,400. There was no change in the figures for inventory
and trade payables in the statements of financial position as at 30 June 20X6 and 20X7.
What was Plym plc's gross profit for the year ended 30 June 20X7?
A. £19,800
B. £4,900
C. £31,400
D. £16,500
Answer: 89400 – 69600 = 19800
17. Hywel plc's trial balance includes a total for all the receivables ledger accounts as listed
out at the year end. The receivables ledger is part of the double entry system. The trial
balance fails to agree and a suspense account is opened. The difference is due to the
following errors in Hywel plc's ledger accounts:
(i) The balance on Markham plc's receivables ledger account is £9,890. This is
incorrectly recorded in the trial balance as £9,980
(ii) A discount allowed to Umberto of £33 was debited to his receivables ledger account
(iii) The sales account is overcast by £110. Three journals are drafted to correct these
errors.
Together these journals should:
A. Credit the suspense account with £110
B. Debit the suspense account with £86
C. Credit the suspense account with £46
D. Debit the suspense account with £46
18. Peri's bookkeeper made the following mistakes:

(i) Discount allowed £3,840 was credited to discounts received account.
(ii) Discount received £2,960 was debited to discounts allowed account.
(iii) Discounts were otherwise correctly recorded.
Which of the following journal entries will correct the errors?
A. Debit Discount allowed £7,680, Credit Discount received £5,920, Credit Suspense
account £1,760.
B. Debit Discount allowed £880, Credit Discount received £880, Credit Suspense
account £1,760.
C. Debit Discount allowed £6,800, Credit Discount received £6,800.
D. Debit Discount allowed £3,840, Credit Discount received £2,960, Credit Suspense
account £880.
Page 8 of 21

19. According to IAS 1 Presentation of Financial Statements, compliance with International
Accounting Standards and International Financial Reporting Standards will normally
ensure that:
A. The entity’s inventory is valued at net realisable value
B. The entity’s assets are valued at their break-up value
C. The entity’s financial statements are prepared on the assumption that it is a going
concern
D. The entity’s financial position, financial performance and cash flows are presented
fairly
20. Which of the following definitions for the 'going concern' concept in accounting is the
most accurate in the light of IAS 1 Presentation of Financial Statements?
A. The directors do not intend to liquidate the entity or to cease trading in the
foreseeable future
B. The entity is able to pay its debts as and when they fall due
C. The directors expect the entity’s assets to yield future economic benefits
D. Financial statements have been prepared on the assumption that the entity is
solvent and would be able to pay all creditors in full in the event of being wound
up.
Page 9 of 21
II. AUDITING (10 questions)

21. What is audit risk?
A. Can be completely eliminated through appropriate sampling of transactions.
B. Is the risk that a "clean" opinion will be issued when, in reality, the financial
statements are materially misstated.
C. Is what creates the demand for an audit.
D. Is the risk that a company may hire an incompetent auditor.
22. Which of the following audit phases would generally be conducted before all of the
others listed below?
A. Auditing business processes and related accounts.
B. Evaluation of audit evidence.
C. Gaining an understanding of the client's industry.
D. Consideration of internal control systems.
23. An auditor's evaluation of the reasonableness of a client's loan loss reserve would
normally be made during which phase of the audit?
A. Gaining an understanding of the client's industry.
B. Client acceptance/pre-planning.
C. Consideration of internal control systems.
D. Auditing business processes and related accounts.
24. What is the essential meaning of the generally accepted auditing standard that requires
that the auditor be independent?
A. The auditor must be without bias with respect to the client under audit.
B. The auditor must adopt a critical attitude during the audit.
C. The auditor's sole obligation is to third parties.
D. The auditor may have a direct ownership interest in his client's business if it is not
material.
25. The responsibility for implementing sound accounting practices and principles,
maintaining an adequate internal control structure, and making fair representations in
the financial statements rests primarily with the:
A. Senior management
B. External auditors
C. Internal audit department
D. Shareholders
Page 10 of 21

26. Which of the following best describes the fiduciary relationship between management
and the board of directors?
A. Management reports to the board of directors.
B. The board of director reports to management.
C. Neither group is accountable to the other.
D. Both groups report directly to the shareholders.
27. The existence of audit risk is recognized by the statement in the auditor's standard
report that the:
A. Auditor obtains reasonable assurance about whether the financial statements are
free of material misstatements.
B. Auditor is responsible for expressing an opinion on the financial statements, which
are the responsibility of management.
C. Financial statements are presented fairly, in all material respects, in conformity with
VAS.
D. Audit includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements.
28. Which of the following factors would an auditor least likely consider when assessing the
inherent risk associated with client sales transactions?
A. Billings are made using the percentage-of-completion method of revenue
recognition.
B. The nature of the credit authorization process.
C. Some invoices are normally billed prior to shipments [which occur at a later date].
D. The conditions of the sale allow for a right of return or the right to modify the
purchase agreement.
29. The risk that an auditor's procedures will lead to a conclusion that a material
misstatement in an account balance does not exist, when in fact a misstatement did
occur, is known as:
A. Audit risk
B. Detection risk
C. Inherent risk
D. Business risk
30. Which of the following factors is least likely to represent an opportunity to commit
fraud?
A. The audit committee is ineffective.
B. Poor internal controls over cash transactions
C. The existence of highly complex transactions
D. Operating losses make a hostile takeover imminent.
Page 11 of 21
III. TAX (10 questions) SAPP Academy Tel: 0166 7703 493
31. On 1 July 2012, NLAM Co leased an asset for four years and paid the whole rent of
VND600 million in advance. On 1 July 2014, NLAM Co decided to shorten the lease
period to three years. The company expects that it will have to pay a penalty of VND60
million when it terminates the lease in 2015 in order to receive a refund of one year of
the original lease payment.
What is the deductible expense for NLAM Co with regard to the lease in the year ended
31 December 2014?
A. VND150 million
B. VND75 million
C. VND165 million
D. VND170 million
Answer: Only the original lease allocation per the lease period is allowed – point 2.16
Article 6 of Circular 78/2014. 600 mil/4 = 150 mil.
32. NEI Co, a foreign contractor, entered into a contract with PVN, a Vietnamese company,
to supply services in relation to oil exploration. NEI Co wants to apply the deduction
method for the declaration of value added tax (VAT) in Vietnam. In November 2014
when the tax code application was still in progress, NEI Co incurred input VAT of
USD15,000 for its operations in Vietnam. Also during that time, PVN made a progress
payment to NEI Co of USD200,000 (net of VAT at 10%) for the services. In December
2014 when the tax code was available, NEI Co incurred a further USD28,000 input VAT
for its operations in Vietnam.
What is the amount of NEI Co’s deductible input value added tax (VAT) in 2014?
A. USD63,000
B. USD28,000
C. USD35,000
D. USD15,000
Answer: Only the input VAT incurred when a tax code has been obtained is deductible –
point 3.b, Article 12 of Circular 103/2014.
Page 12 of 21
33. RETRA Co, a company specialising in developing real estate projects,

SAPP Academy Tel:has
0166 an
7703apartment
493
and villa development project in the centre of Hanoi, which is expected to be completed
in 2018. The estimated total revenue and profits from this project are VND2,000 billion
and VND300 billion, respectively. RETRA Co has been collecting money in advance from
customers and in 2014 the total proceeds received were VND200 billion, on which
provisional tax of 1% was duly paid on receipt.
What is the taxable income from the project of RETRA Co for the purposes of its 2014
corporate income tax (CIT) finalisation return?
A. VND0 billion
B. VND30 billion
C. VND200 billion
D. VND300 billion
Answer: Collections in advance from customers for which costs are not determinable and 1%
provisional tax is paid are not taxable income in the year of collection – Article 17, point 1 of
Circular 78/2014/TT-BTC. Subsequently, the taxable income is 0 billion.
34. Mr Tomaz is a Hong Kong citizen and tax resident. He arrived in Vietnam to work on 21
April 2014 and on completion of his employment contract, he left Vietnam on 31
October 2015. In the years 2014 and 2015, he spent the following numbers of days in
Vietnam:
– From 21 April to 31 December 2014 – 130 days
– From 1 January to 20 April 2015 – 64 days
– From 21 April to 31 October 2015 – 110 days
Based solely on the above information, what is Mr Tomaz’s tax residency status in his
first and second tax year in Vietnam?
First year Second year
A Resident Resident
B Resident Non-resident
C Non-resident Resident
D Non-resident Non-resident
Answer: First tax year: 21 April 2014–20 April 2015: 130 + 64 = 194 days (more than 183
days): resident Second tax year: 1 January–31 October 2015: 64 + 110 = 174 days (less
than 183 days): non-resident.
Page 13 of 21

35. In 2014, SPTF Co incurred losses of VND10 billion from incentive activities which were
subject to a tax rate of 10%, made gains from the transferring of real estate of VND3
billion and had other income of VND8 billion.
What is the minimum tax liability of SPTF Co in 2014?
A. VND2,420 million
B. VND220 million
C. VND660 million
D. VND0 million
Answer: VND660 million (3 billion * 22%) The net losses from incentives and other
income of VND2 billion cannot be offset with the gains from real estate.
36. SWR Co, a Vietnamese company, has three separate sales outlets. In December 2014,
each of the outlets issued an invoice for the sale of one ton of construction materials to
three separate customers as follows. The sale of construction materials is subject to
value added tax (VAT) at the rate of 10%.
– Invoice 1: selling price VND20 million, VAT VND2 million
– Invoice 2: selling price VND22 million, no VAT as the selling price is inclusive
– Invoice 3: selling price VND20 million, no VAT because the construction materials
were given to the customer for free as part of a promotion which has been
registered with the authorities
What is the output value added tax (VAT) which SWR Co should have declared in
December 2014, if no amendments were made to the invoices?
A. VND4 million
B. VND2 million
C. VND4.2 million
D. VND6.2 million
Answer: VND4.2 million (2 million + 22 * 10% + 0). The taxable revenue when VAT is not
separated, as for Invoice 2, must be the whole of the selling price.
37. Ms Hoai Pham has two dependants. In 2014, her monthly gross salary was VND50
million and she was responsible for paying 8% social insurance and 1.5% health
insurance.
What is Ms Hoai Pham’s monthly tax liability (to the nearest VND10,000)?
A. VND4.16 million
B. VND4.67 million
C. VND6.26 million
D. VND5.20 million
Answer: VND4.67 million [(50 million – (9 million + 3.6 million * 2 + 23 million * (8% +
1.5%))) * 20% – 1.65 million]
Page 14 of 21
38. Mr Ho is a tax resident

SAPP Academyin Vietnam. In 2014 he received income Tel:
from 0166Country
7703 493 X, on
which Country X had imposed personal income tax at its domestic rates. Mr Ho is not a
resident in Country X.
Which of the following statements correctly describes Mr Ho’s entitlement to a tax
credit in Vietnam for the tax imposed by County X?
A. No tax credit can be claimed in Vietnam
B. A tax credit can be claimed in Vietnam only if Country X has a double tax avoidance
agreement (DTAA) with Vietnam
C. A tax credit can be claimed in Vietnam even if Country X does not have a DTAA
with Vietnam, but only up to the amount of personal income tax payable under
the Vietnamese tax regulations on the income
D. A tax credit can be claimed in Vietnam for the full amount of the overseas tax
without any conditions or restrictions
39. HNKV Co is a one-member limited liability company, which is wholly own by HKV, a
company incorporated in Bermuda. In 2014, HKV decided to convert HNKV Co into a
joint stock company by selling the shares of HNKV Co to two local Vietnamese entities.
The sale of the shares and the conversion of the company was completed in August
2014. Which combination of the following statements correctly describes the reporting
requirements for capital gains tax and corporate income tax (CIT) finalisation under the
current regulations?
(i) HNKV Co is required to file a capital gains tax declaration
(ii) The buyers are required to file a capital gains tax declaration
(iii) HNKV Co is required to file a CIT finalisation return at the time of conversion and at
the year end
(iv) HNKV Co is required to file a CIT finalisation return at the year end only
A. i and iii
B. i and iv
C. ii and iii
D. ii and iv
Answer: The buyers will be responsible for making a capital gains tax declaration since
they are local entities. According to point 2, Article 16 of Circular 151, HNKV Co is not
required to file a corporate income tax (CIT) finalisation at the time of conversion when
it is a conversion from a limited liability company to a joint stock company.
Page 15 of 21
40. Mr Gambl is a Canadian and non-resident in Vietnam. On 1 December

SAPP Academy 2014,
Tel: 0166 7703 during
493 his
vacation trip to Vietnam, he visited PHT, a casino for expatriates in Vietnam. He cashed
in (i.e. exchanged cash for chips) USD600 at the beginning, and cashed out (i.e.
exchanged chips for cash) USD500 on each of three separate occasions with his
winnings.
What is Mr Gambl’s tax liability in Vietnam as a result of these transactions?
A. VND 935,000
B. VND 1,935,000
C. VND 2,225,000
D. VND 3,225,000
Answer: VND935,000 [((500 * 3 – 600) * 21,500 – 10,000,000) * 10%]
Page 16 of 21
IV. GENERAL KNOWLEDGE (10 questions)

41. Which national football team was the champion of EURO 2016?
A. England
B. Portugal
C. Germany
D. Spain
42. What is the name of EY’s CEO in Vietnam?

A. Ha Thu Thanh
B. Warrick Cleine
C. Tran Dinh Cuong
D. Tran Van Minh
43. Who is the Governor of State Bank of Vietnam (SBV)?

A. Nguyen Van Binh
B. Le Minh Hung
C. Nguyen Van Giau
D. Le Duc Thuy
44. How many floors does Keangnam Hanoi Landmark Tower have?
A. 90
B. 72
C. 46
D. 16
45. How many countries are in European Union (EU) in August 2017?
A. 25
B. 26
C. 27
D. 28
46. Which movie is dominated for Best Picture for Oscar 2017?
A. Moonlight
B. La La Land
C. The Salesman
D. Manchester of the Sea
47. Who is the author of “Diary of a Cricket”?

A. To Hoai
B. Nguyen Nhat Anh
C. Nam Cao
D. Nguyen Tuan
Page 17 of 21
48. Donald Trump is the

SAPP… President of United States
Academy Tel: 0166 7703 493
A. 43th
B. 44th
C. 45th
D. 46th
49. Who is The Chairperson of the National Assembly of Vietnam?

A. Nguyen Sinh Hung
B. Do Ba Ty
C. Nguyen Van Giau
D. Nguyen Thi Kim Ngan
50. What does SHB stand for?

A. Shinhan Bank
B. Saigon-Hanoi Bank
C. Standard Heartstone Bank
D. Southern Hanoi Bank
Page 18 of 21

V. IQ, Verbal (10 questions)

1. Which number should come next in this series? 3, 5, 8, 13, 21,...
Answer: 34. 5-3=2, 8-5=3, 13-8=5, 21-13=8

2+3=5, 3+5=8, 5+8=13
Final number is: 21+13=34
2. Which number should replace the question mark?

8 5 21
35 32 12
32 28 31
4 ? 28
Answer: -6. In each row, the first column minus the second column is equal to the sum
of the digit of the last column. (4-(-6) = 2+8)
3. Fill in the blank in the middle of the series. P5QR, P4QS, P3QT, ...., P1QV
Answer: P2QJ
4. Currently Mark Zuckerberg is 31 years old, 9 more years his age doubles his sister’s
currently. So how old is Mark’s sister?
Answer: 20
5. If EGGFHGHE is 97786769 then HEFGGHFE is:
Answer: 69877689
6. Today Erik goes to market for the first time, his mother told him to buy a few PEARS
giving $23. How many PEARS can Erik buy maximum with the given money? Knowing
that:
- Apple + Apple + Pear + Peach = $23
- Peach + Apple + Orange + Apple = $22
- Apple + Orange + Apple + Apple = $16
- Apple + Apple + Apple + Apple = $12
Answer: 2. Apple = 3, Orange = 7, Peach = 9, Pear = 8.
Page 19 of 21
7. 12593 is to 35291
And 29684 is to 46982
Therefore 72936 is to ?
Answer: 69237 ABCDE ECBDA

12593 35291
72936 69237
8. Which number is the odd one out?

84129, 32418, 47632, 36119, 67626, 72927
Answer: 47632. All the others are three-digit numbers followed by their square root,
eg 361 followed by its square root, 19.
9. AZBYDWGT??
Answer: KP. There are two alternate sequences. Starting at A, AbcDefGhijK; starting at Z,
ZyvuTsrqP
10. How many cases do you need if you have to pack 112 pairs of shoes into cases that each
hold 28 shoes?
Answer: 8. 112 pairs of shoes = 224 shoes. 224 : 28 = 8
Page 20 of 21
VI. ESSAY (250 words) SAPP Academy Tel: 0166 7703 493
Parents often give children everything they ask for and do what they like. Is it good for
children? What are the consequences when they grow up?
- An essay needs to have a good structure, including Introduction, Discussion (2-3
paragraphs) and Conclusion.
- In the Discussion part, candidates need to provide their ideas and examples/evidences
in each graph. Each idea is corresponding to a paragraph. For example:
 The first reason is that children could depend on their parents instead of being
independent when they grow up. Subsequently, it could affect their moral in
studying and working. In particular, children know their parents could support the
tuition fee so that they would probably not focus on the learning process... (this
example is extremely effortless that equivalent to 6.0 IELTS)
- Additionally, candidates should use academic words and synonyms (consequences =
repercussions)
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SAPP Academy Tel 096 972 94 63

6 Floor, No 2, Trai Ca Valley, Truong Dinh street, Ha Noi Sapp.edu.vn

EY ENTRANCE TEST ANSWER

I. ACCOUNTING (20 questions)

What should be the correct balance per the cash book?

3. Gareth, a sales tax registered

SAPP Academy Tel: 0166 7703 493

6. Which of the following statements about sales tax is/are true?

7. The following extracts are from Hassan’s financial statements:

8. The plant and machinery

9. Which of the following should appear in a company’s statement of changes in equity?

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12. Amy is a sole trader

16. Plym plc is a retailer

18. Peri's bookkeeper made the following mistakes:

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II. AUDITING (10 questions)

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33. RETRA Co, a company specialising in developing real estate projects,

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38. Mr Ho is a tax resident

40. Mr Gambl is a Canadian and non-resident in Vietnam. On 1 December

IV. GENERAL KNOWLEDGE (10 questions)

42. What is the name of EY’s CEO in Vietnam?

43. Who is the Governor of State Bank of Vietnam (SBV)?

47. Who is the author of “Diary of a Cricket”?

48. Donald Trump is the

49. Who is The Chairperson of the National Assembly of Vietnam?

50. What does SHB stand for?

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V. IQ, Verbal (10 questions)

Answer: 34. 5-3=2, 8-5=3, 13-8=5, 21-13=8

2. Which number should replace the question mark?

5. If EGGFHGHE is 97786769 then HEFGGHFE is:

Answer: 2. Apple = 3, Orange = 7, Peach = 9, Pear = 8.

Answer: 69237 ABCDE ECBDA

8. Which number is the odd one out?

Answer: 8. 112 pairs of shoes = 224 shoes. 224 : 28 = 8

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