Accounting Basics Quiz

What is the main purpose of accounting?

• Developing software applications

• Recording financial transactions

• Managing human resources

• Creating marketing campaigns

Which of the following is a component of the basic accounting equation?

• Income = Expenses

• Assets = Liabilities + Equity

• Sales = Revenue

• Profit = Loss

What does the term 'Liabilities' refer to in accounting?

• Money owed by the company

• Company's physical assets

• Company's expenses

• Company's revenue

What is the formula for the basic accounting equation?

• Assets = Liabilities + Equity

• Equity = Assets - Liabilities

• Assets = Liabilities - Equity

• Liabilities = Assets + Equity

Which of the following is an example of an asset in accounting?

• Rent payment

• Loan payable

• Accounts receivable

• Salary expense

What is the function of the 'Kolom Tanggal' in an accounting table?

• Record assets

• Record dates of transactions

• Record company profits

• Record liabilities

What does the term 'Ekuitas' represent in the basic accounting equation?

• Company's assets

• Company's expenses

• Company's debts

• Company's equity or ownership

What is the purpose of 'Persamaan Dasar Akuntansi' in accounting?

• To design company logos

• To maintain financial balance

• To create marketing strategies

• To develop new products

Which column in an accounting table is used to record company debts?

• Kolom Tanggal

• Kolom Keterangan

• Kolom Aset

• Kolom Liabilitas

What is the significance of 'Prinsip Persamaan Dasar Akuntansi'?

• Connects assets with liabilities

• Calculates company taxes

• Tracks customer orders

• Manages employee salaries