Tutorial 3

I purchased an administrative building for 100,000€ and paid for it through a loan. Which accounts are impacted as of date where I have not paid anything to the bank?

• Cash & PPE

• Loan Payable & Cash

• PPE & Loan payable

• Inventory & Loan payable

Which T-Accounts do not follow the “general rule” of Shareholder Equity Accounts?

• There are no such accounts

• Allowance for Uncollectible Accounts & Accumulated Depreciation

• Retained Earnings & Revenue

• Expenses & Dividends

Which of these amounts build the basis for tax calculation?

• EBT

• EBIT

• Net Income

• Gross Profit

I have borrowed money in the form of a bond, which was issued to a customer. The principal of the bond is 120,000€ and the bond has a lifetime of 5 Years. The coupon rate of the bond is 10%. If the bond was issued on 01.01.2023, what is my interest expense in March 2023?

• 12,000€

• 1,000€

• 3,000€

• 2,400€

The original price of the inventory I want to purchase is 200,000€. Since I have known the supplier for a long time, they have decided to issue a 5% discount. I accept this discount and take the inventory back to the firm. By what amount has my inventory gone up?

• 200,000€

• (190,000€)

• 190,000€

• 10,000€