Latihan Soal OSN

The accounting process does not include ……

• identification

• verification

• recording

• communication

One of the following statements about users of accounting information is incorrect. The incorrect statement is ……

• management is considered an internal user.

• taxing authorities are considered an external user.

• present creditors are considered an external user.

• regulatory authorities are considered an internal user.

The public accountant generally provides the following services …….

• auditing, taxation, and management consulting

• auditing, budgeting, and management consulting.

• auditing, budgeting, and cost accounting.

• internal auditing, budgeting, and management consulting

The cost principle states that ……

• asset should be recorded at cost and adjusted when the market value changes.

• activities of an entity be kept separate and distinct from its owner.

• assets should be recorded at their cost.

• only transaction data capable of being expressed in terms of money be included in the accounting records.

The effects on the basic accounting equation of performing services on account are …….

• Increase assets and decrease owner’s equity.

• Increase assets and increase owner’s equity.

• Increase assets and increase liabilities.

• increase liabilities and increase owner’s equity

As of December 31, 2023 the Karimata Company has assets of $3.500 and owner’s equity of $2.000. What are the liabilities for Karimata Company as of December 31, 2023

• $1.500

• $5.500

• $2.500

• $2.000

The financial statement that reports assets, liabilities, and owner’s equity is the …….

• Income statement

• Retained earnings statement

• The statement of financial position

• Cash flow statement

On December 31, 2023 the Krakatau Company had current assets $22.050, equipment $20.000, accumulated depreciation $1.125, total current liabilities $5.925, long-term liabilities $10.000, total revenues $19.610, total expenses $15.610, and dividends $1.000. The net income for 2023 is …….

• $3.000

• $26.000

• $4.000

• $35.220

On December 31, 2023 the Krakatau Company had current assets $22.050, equipment $20.000, accumulated depreciation $1.125, total current liabilities $5.925, long-term liabilities $10.000, total revenues $19.610, total expenses $15.610, and dividends $1.000.

Based on the data and assumed that the Krakatau Company was established on January 1, 2023 what are the retained earnings on December 31, 2023?

• $4.000

• $3.000

• $5.000

• $21.000

On December 31, 2023 the Krakatau Company had current assets $22.050, equipment $20.000, accumulated depreciation $1.125, total current liabilities $5.925, long-term liabilities $10.000, total revenues $19.610, total expenses $15.610, and dividends $1.000.

Based on the data, what are the share capital on December 31, 2023?

• $22.000

• $23.000

• $21.000

• $20.875