Test your knowledge
Click an option: a correct answer turns green, a wrong one turns red, and an explanation appears. Tests in total: 500.
Sets by topic (10 questions each)
One set is ten questions with a result at the end. Pick a topic and a set number.
"Chirchiq biznes-park" LLC took a bank loan specifically to build an office building (the building is a qualifying asset). Over the year, interest expense on the loan was 12 000 000 soum. The not yet spent part of the loan was temporarily placed on deposit and earned interest income of 1 500 000 soum. How much borrowing cost is capitalized into the cost of the building?
"Qadimiy tuvak" LLC (a winery) produces wine every year in large volumes on a repeating basis, and the wine matures in barrels for many years. Under NAS No. 24, how is interest on a loan taken for the maturing period accounted for?
"Texnopark Nur" LLC spent 18 000 000 soum in 2026 on a research project to find a new way of purifying water and recognized it as an expense of that year. In 2027 the technical feasibility and the market of the project became clear. Under NAS No. 11, can that 18 000 000 soum be moved back into an asset?
The development costs of "Bahor suv" LLC met the criteria in paragraph 12 of NAS No. 11 and were recognized as an asset of 90 000 000 soum. When the product was ready for sale, the useful life of the asset was set at 8 years. How much of the amortizable amount is allocated per year?
"Oltin mezon" LLC bought 400 shares of another company at 25 000 soum per share (not a subsidiary; a short-term financial investment). It paid 120 000 soum for broker services and 30 000 soum for bank services. Under NAS No. 12, what is the acquisition cost of the shares?
The tax debt of "Sirdaryo yo'l qurilish" LLC: tax 4 000 000 soum, accrued late-payment interest 600 000 soum, fine 1 000 000 soum. The company paid 4 700 000 soum. In what order is the payment allocated under Article 55 of the Tax Code?
In an advertising campaign, "Zarbdor mebel" LLC gave away 20 chairs to customers for free. Under Article 46 of the Tax Code, is a free-of-charge transfer of goods a supply (realization)?
"Anhor shisha" LLC delivered glass containers to a buyer and issued an invoice. The parties then agreed to change the price of the delivered goods. Under Article 47 of the Tax Code, what must the seller do?
"Mir texno" LLC is concluding an employment contract with a new employee. Under Article 127 of the Tax Code, what is the rule on the taxpayer identification number (TIN) in an employment contract?
An individual, Karim, has died. His land tax debt is 6 000 000 soum, the late-payment interest accrued on it is 900 000 soum and the fine is 500 000 soum. The documented value of the inherited property is 10 000 000 soum, and there is one heir. Under Article 94 of the Tax Code, how much must the heir pay on the tax debt?
In the audit of "Dilkusho savdo" LLC, the auditor wants to check that revenue is recorded completely, i.e. that no shipment has dropped out of the books. Which direction of testing suits this aim best?
"Qirq qiz oziq-ovqat" LLC prepares its statements as at 31 December. The auditor wants to establish that deliveries of goods are recorded in the correct reporting period. Which procedure suits this aim best?
The manager of "Mirzo Plast" LLC proposed that the auditor prepare the financial statements himself and then audit them himself. Why does this threaten the auditor's independence and objectivity?
In the audit of "Zarmitan agro", the auditor could not obtain sufficient evidence on the warehouse balance. The manager gave a written confirmation that "the balance is correct". What is the role of this letter as audit evidence?
"Yangi asr" LLC calculated annual depreciation on equipment costing 120 000 000 soum using the straight-line method over 10 years: 15 000 000 soum. The auditor redid the calculation himself (taking the residual value as zero) and got 12 000 000 soum. Which procedure did the auditor use and what is the difference?
"Nurafshon plastik" LLC bought the shares of another company and paid with finished products of its own production (hypothetical example). Under row 1 of the table to paragraph 244 of NAS No. 21, which journal entry records the purchase of shares by transferring products?
The founder of "Bo'stonliq mebel" LLC paid for their share of the charter capital not in cash but by transferring securities they own (hypothetical example). The company recorded the securities received as a short-term investment. Which journal entry is correct?
The balance sheet of "Qarshi ulgurji" LLC shows equity of 60 mln soum and total liabilities of 90 mln soum. What is the financial independence (autonomy) ratio (equity / total assets)? (example prepared by the author)
The annual net profit of a joint-stock company was 90 mln soum, of which 36 mln soum was allocated to dividends (hypothetical example). What is the dividend payout ratio (dividends / net profit × 100%) and what does it mean?
"Yangiyo'l savdo" LLC bought 40 bonds with a par value of 100 000 soum each for a total of 3 880 000 soum, with 6 months left until redemption (hypothetical amounts). Under its accounting policy, the difference between par value and purchase cost is spread evenly over the months. Under paragraph 241 of NAS No. 21, how is one month's share recorded?