AJP XII

Open Ended

How do adjustment journal entries (AJP) help in presenting the actual financial condition of a business?

Multiple Choice

Why is it important to adjust certain accounts at the end of an accounting period?

• To ensure the accounts reflect the true financial position

• To make the accounts look better for investors

• To avoid paying taxes

• To prepare for the next period

Multiple Choice

Which of the following accounts needs to be adjusted at the end of an accounting period?

• Supplies Usage

• Cash on Hand

• Accounts Receivable

• Inventory

Multiple Choice

Given a supplies account balance of Rp1,500,000 and supplies remaining of Rp500,000, what is the amount to be recorded as supplies expense using the Harta/Neraca method?

• Rp1,500,000

• Rp500,000

• Rp1,000,000

• Rp2,000,000

Multiple Select

Which of the following statements are correct about the Beban/L-R method for adjusting supplies?

• The remaining supplies are recorded as an asset.

• The supplies expense is recorded for the amount used.

• The supplies account is credited for the amount remaining.

• The supplies expense is debited for the amount remaining.

Open Ended

Explain the difference between the Harta/Neraca method and the Beban/L-R method in recording supplies usage adjustments.

Open Ended

Describe the journal entry for adjusting supplies using the Beban/L-R method when the supplies expense account has a balance of Rp1,500,000 and the remaining supplies are Rp500,000.

Open Ended

Explain how adjusting journal entries (AJP) are used to account for prepaid rent in the examples given for both the 'harta/neraca' and 'beban/L-R' methods.

Multiple Choice

Which of the following best describes the difference between the 'harta/neraca' method and the 'beban/L-R' method for prepaid expenses (beban dibayar dimuka)?

• The 'harta/neraca' method recognizes expenses as assets until used, while the 'beban/L-R' method recognizes them as expenses immediately.

• The 'harta/neraca' method records all expenses at the end of the year, while the 'beban/L-R' method records them monthly.

• The 'harta/neraca' method is used only for rent, while the 'beban/L-R' method is used for insurance.

• The 'harta/neraca' method does not require adjusting entries, while the 'beban/L-R' method does.

Multiple Choice

Which accounts are affected in the adjusting journal entry for 'pendapatan yang masih harus diterima' (revenue still to be received)?

• Piutang usaha and pendapatan usaha

• Beban gaji and utang gaji

• Sewa DDM and beban sewa

• Pendapatan sewa and sewa DTM

Open Ended

Compare the treatment of 'sewa diterima dimuka' (unearned rent revenue) using the 'Utang/Neraca' method and the 'Pendapatan/L-R' method. What is the main difference in the accounts affected?

Open Ended

Explain how to prepare an adjusting journal entry (AJP) for depreciation of a vehicle purchased for 25 million with a residual value of 5 million and a useful life of 10 years.

Multiple Choice

What is the formula for calculating depreciation of fixed assets, and what do the terms HP, NS, and UE stand for?

• Depreciation = (HP - NS) / UE; HP: Harga Perolehan, NS: Nilai Sisa, UE: Umur Ekonomis

• Depreciation = (NS - HP) / UE; HP: Nilai Sisa, NS: Harga Perolehan, UE: Umur Ekonomis

• Depreciation = (HP + NS) / UE; HP: Harga Perolehan, NS: Nilai Sisa, UE: Umur Ekonomis

• Depreciation = HP / (NS - UE); HP: Harga Perolehan, NS: Nilai Sisa, UE: Umur Ekonomis

Multiple Choice

Which of the following statements best describes how to calculate the adjusting journal entry for prepaid expenses such as rent or insurance at year-end?

• Calculate the expense for the period used and adjust the remaining balance as a prepaid asset.

• Record the entire payment as an expense immediately.

• Ignore the prepaid portion and only record actual payments.

• Adjust only if the prepaid amount is less than one year.

Open Ended

Sebuah gedung dibeli sharga 750jt dgn usia manfaat 10 tahun serta bernilai sisa 50jt. AJP??

Open Ended

Explain how you would determine the amount of supplies expense to be recorded at the end of an accounting period, using the example provided.

Multiple Choice

Based on the information from both slides, what is the purpose of adjusting journal entries (AJP) in accounting for supplies and building depreciation?

• To record the actual usage and depreciation for accurate financial statements

• To increase the value of assets

• To avoid paying taxes

• To estimate future expenses

Open Ended

What questions do you still have about adjustment journal entries (AJP) and their role in financial reporting?

Multiple Choice

Why is it important to make adjustment journal entries (AJP) at the end of an accounting period?

• To ensure accounts reflect the true financial position

• To increase the profit of the company

• To avoid paying taxes

• To record all transactions twice