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Exam Review

Key Facts: Nissho Bookkeeping Grade 1 Exam

8,800 JPY

2026 unified Grade 1 fee, tax included

https://www.kentei.ne.jp/calendar_2026

70% / 40% floor

Overall pass and per-subject floor

https://www.kentei.ne.jp/bookkeeping/class1/exam

90 + 90 min

Two required sessions

JCCI Grade 1 subject page

税理士 eligibility

JCCI-stated benefit of a Grade 1 pass

JCCI Grade 1 subject page

Nissho Grade 1 is JCCI's top bookkeeping exam: two 90-minute Japanese papers, 70% pass with 40% subject floor, 8,800 JPY in 2026. This bank is independent English MCQ study, not the official written papers.

Sample Nissho Bookkeeping Grade 1 Practice Questions

Try these sample questions to review concepts for the Nissho Bookkeeping Grade 1 exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1In 商業簿記, a merchandiser uses FIFO periodic inventory. Purchases were 100 units at 500 yen, then 200 units at 600 yen, then 150 units at 700 yen. Sales totaled 280 units. What is ending inventory in yen?
A.140,000 yen
B.170,000 yen
C.84,000 yen
D.117,000 yen
Explanation: Units on hand are 100 + 200 + 150 − 280 = 170. FIFO leaves the newest layers: 150 units at 700 yen = 105,000 yen and 20 units at 600 yen = 12,000 yen, totaling 117,000 yen. Older 500-yen units are treated as sold first.
2In 商業簿記, other securities (その他有価証券) cost 8,000,000 yen and have year-end fair value 8,900,000 yen. The enacted tax rate is 30%, and a deferred tax liability is recognized on the valuation difference. What net amount is credited to net assets for the valuation difference?
A.900,000 yen
B.270,000 yen
C.630,000 yen
D.8,900,000 yen
Explanation: The pretax valuation difference is 900,000 yen. Tax-effect accounting records a deferred tax liability of 270,000 yen (900,000 × 30%). The remaining 630,000 yen is credited to その他有価証券評価差額金 in net assets, which is the usual net-of-tax presentation.
3In 商業簿記, trade receivables are 50,000,000 yen. The allowance required at year-end is 2% of that balance. The allowance already has a 600,000 yen credit. What adjusting credit (or debit) to the allowance is required?
A.Credit 1,000,000 yen
B.Credit 400,000 yen
C.Debit 400,000 yen
D.Credit 600,000 yen
Explanation: The required balance is 50,000,000 × 2% = 1,000,000 yen. With 600,000 yen already credited, an additional 400,000 yen credit brings the allowance to the required amount. Bad-debt expense is recognized for that same 400,000 yen.
4In 商業簿記, equipment cost 12,000,000 yen, residual value is 10% of cost, useful life is 5 years, and straight-line depreciation is used. What is annual depreciation?
A.2,400,000 yen
B.2,160,000 yen
C.1,200,000 yen
D.2,000,000 yen
Explanation: Depreciable base is 12,000,000 − 1,200,000 = 10,800,000 yen. Straight-line over 5 years is 10,800,000 / 5 = 2,160,000 yen per year. Residual value must be removed before dividing by useful life.
5In 商業簿記, 100,000,000 yen face bonds are issued for 97,000,000 yen. Straight-line amortization of the discount is used over 3 years with annual coupon dates. What is the carrying amount after the first year's amortization?
A.97,000,000 yen
B.98,000,000 yen
C.100,000,000 yen
D.96,000,000 yen
Explanation: Total discount is 3,000,000 yen. Straight-line amortization is 1,000,000 yen per year. After year 1 the carrying amount is 97,000,000 + 1,000,000 = 98,000,000 yen. Face value is reached only at maturity under this method.
6In 商業簿記, a kabushiki kaisha declares and pays a cash dividend out of distributable surplus. What is the immediate effect on the statement of financial position?
A.Assets and retained earnings both decrease; capital stock is unchanged
B.Capital stock decreases and liabilities increase
C.Only an appropriation within net assets is recorded; cash is unchanged
D.Treasury stock is credited and cash is debited
Explanation: A cash dividend from surplus reduces cash and reduces retained earnings (or surplus). Capital stock is a capital transaction account and is not reduced by an ordinary surplus dividend. The Companies Act surplus/distributable-amount rules constrain how large that dividend may be, but they do not recast it as a capital-stock reduction.
7In 商業簿記, JCCI's 2022–2026 出題区分表 still classifies lessee contracts as finance leases or operating leases (ASBJ Statement No. 34 is scheduled into the table from 2027). Which lessee treatment is required for a non-cancellable finance lease under that 2026 table?
A.Keep the asset off-balance and expense rent as incurred
B.Capitalize a leased asset and a lease obligation, then allocate interest by the interest method at Grade 1 depth
C.Record only a right-of-use asset with no liability
D.Expense the entire contractual rent at commencement
Explanation: For 2026 sittings the 出題区分表 still uses finance versus operating leases. Grade 1 lessee finance-lease work includes the interest method (and the sum-of-years-digits method) after recognizing a leased asset and a lease obligation. Operating-lease rent expense and the 2027 ASBJ 34 model are different systems.
8In 商業簿記, a future-deductible temporary difference is 10,000,000 yen and the enacted effective tax rate is 30%. Recoverability is not in doubt. What deferred tax asset is recognized?
A.10,000,000 yen
B.7,000,000 yen
C.0 yen, because deductible differences create liabilities
D.3,000,000 yen
Explanation: A future-deductible temporary difference produces a deferred tax asset equal to 10,000,000 × 30% = 3,000,000 yen when recovery is probable. The 10,000,000 yen figure is the pretax difference, not the tax asset. Future-taxable differences create deferred tax liabilities, not deductible ones.
9In 商業簿記, a 10,000,000 yen face bond is carried at 9,800,000 yen at the start of the year. The coupon rate is 3% and the effective interest rate is 4%, both annual. Using the interest method, what is year-end carrying amount?
A.9,892,000 yen
B.9,800,000 yen
C.10,000,000 yen
D.9,708,000 yen
Explanation: Interest expense is 9,800,000 × 4% = 392,000 yen. Cash coupon is 10,000,000 × 3% = 300,000 yen. Discount amortization is 92,000 yen, so the carrying amount becomes 9,800,000 + 92,000 = 9,892,000 yen. The interest method uses carrying amount times the effective rate, not face times the coupon rate, for expense.
10In 商業簿記, a company receives a 4,000,000 yen national subsidy toward a 10,000,000 yen machine and uses the reserve (積立金) method of 圧縮記帳, which JCCI places at Grade 1. Immediately after acquisition and the reserve entry, what carrying amount is reported for the machine?
A.6,000,000 yen
B.10,000,000 yen
C.14,000,000 yen
D.4,000,000 yen
Explanation: Under the reserve method the machine stays at gross cost 10,000,000 yen, and 4,000,000 yen is appropriated to a compressed-entry reserve in net assets. Direct deduction, which writes the asset down to 6,000,000 yen, is the method JCCI limits at Grade 2 for subsidies. Grade 1 therefore distinguishes the two book amounts.

About the Nissho Bookkeeping Grade 1 Exam

日商簿記検定試験 1級 is JCCI's highest bookkeeping grade. The official Japanese paper uses two 90-minute sessions covering 商業簿記, 会計学, 工業簿記, and 原価計算. The pass rule is 70% overall with a 40% floor on each subject. The 2026 unified-exam calendar lists 8,800 JPY (tax included). JCCI states a Grade 1 pass grants 税理士試験 eligibility. OpenExamPrep publishes independent English multiple-choice study for those four subjects. It is not an official translation and not a substitute for preparing Japanese constructed schedules.

Exam sponsor: Japan Chamber of Commerce and Industry (日本商工会議所, JCCI). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

JCCI unified paper exam in Japanese. Session 1: 商業簿記 and 会計学 (90 min). Session 2: 工業簿記 and 原価計算 (90 min). Pass 70% overall and 40% per subject. Grade 1 is not offered as the 2/3 net exam.

Time Limit

90 minutes + 90 minutes (09:00 start; both sessions required)

Passing Score

70% overall and at least 40% in each subject

Exam / Certification Fees

8,800 JPY (tax included; 2026 unified-exam calendar)

Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Official sources

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

25% of this local practice set

商業簿記

Advanced journals, statements, consolidations, and corporate accounting entries.

25% of this local practice set

会計学

Framework, ASBJ standards, and Companies Act / statement-regulation concepts.

25% of this local practice set

工業簿記

Manufacturing accounts, process and departmental books.

25% of this local practice set

原価計算

Standard costing, CVP, and decision costing.

Preparing for the Nissho Bookkeeping Grade 1 Exam

What You Need to Know

  • Passing score: 70% overall and at least 40% in each subject
  • Assessment: JCCI unified paper exam in Japanese. Session 1: 商業簿記 and 会計学 (90 min). Session 2: 工業簿記 and 原価計算 (90 min). Pass 70% overall and 40% per subject. Grade 1 is not offered as the 2/3 net exam.
  • Time limit: 90 minutes + 90 minutes (09:00 start; both sessions required)
  • Exam / certification fees: 8,800 JPY (tax included; 2026 unified-exam calendar) Official sources

Using Our Practice Resources

  • Work through all 100 available questions
  • Review every answer and explanation
  • Track weak areas and revisit them
  • Use our AI tutor for tough concepts

Nissho Bookkeeping Grade 1: Suggested Study Strategy

1Protect the 40% subject floor: a weak 原価計算 paper can fail you even with a high commercial total.
2Drill consolidations, tax-effect, and standard-cost variances with a four-function calculator only.
3Use JCCI's 出題区分表 for 2022–2026 sittings; the 2027 table is published but JCCI says it does not apply until 2027.
4Practice writing Japanese statements separately; this bank cannot certify that skill.

Frequently Asked Questions

What is the 2026 Grade 1 fee and pass rule?

The JCCI 2026 calendar lists 8,800 JPY (tax included) for unified Grade 1. Pass is 70% overall and at least 40% on each of the four subjects.

Can I sit only the morning or only the afternoon?

No. JCCI's Grade 1 subject page states that sitting only one session is not allowed.

Does this bank replace the official Japanese papers?

No. Official Grade 1 is constructed Japanese accounting papers. OpenExamPrep items are independent English MCQs for concept and calculation practice.