Anindito started a business by paying $10,000 into a business bank account. The entry to record this transaction was...

(Dr) cash in bank $10,000 (Cr) capital- Anindito $10,000

(Dr) capital- Anindito $10,000 (Cr) cash in bank $10,000

(Dr) cash in bank $10,000 (Cr) drawings- Anindito $10,000

(Dr) drawings- Anindito $10,000 (Cr) cash in bank $10,000

(Dr) drawings- Anindito $10,000 (Cr) capital- Anindito $10,000

The purpose of petty cash is...

to pay small and/or immaterial amounts

to avoid writing numerous checks

On 7 July 2018, PT. Lightening sold 8 boxes of fragrance shampoo to PT. Elegant, Rp7.500.000 each, exclude VAT IN 10% and credit term 4/10, n/30. This transaction must be recorded on 7 July 2018 by PT. Elegant (periodic system):

(Dr) accounts receivable Rp66.000.000; (Cr) vat out Rp6.000.000 (Cr) sales Rp60.000.000

(Dr) accounts receivable Rp8.250.000; (Cr) vat out Rp750.000 (Cr) sales Rp7.500.000

(Dr) cash Rp7.500.000; (Cr) sales Rp7.500.000

(Dr) purchase Rp60.000.000 (Dr) vat in Rp6.000.000; (Cr) accounts payable Rp66.000.000

(Dr) purchase Rp7.500.000 (Dr) vat in Rp750.000; (Cr) cash Rp8.250.000

Bernard and Jones Neal decided to open a computer programming company “Proxy One Inc”. On 13 October 2017, they invested $50,000 cash in the business in exchange for $50,000 of ordinary shares. The ordinary shares indicated the ownership interest that the Neal had in Proxy One Inc. This transaction resulted in …

increase in share capital $50,000 and cash $50,000

increase in retained earning $25,000 and cash $25,000

decrease of retained earning $25,000 and increase in assets $25,000

decrease of cash $50,000 and increase in share capital $50,000

Roger Mart reported merchandise inventory of $36,500. Through a physical count, the company determined that merchandise inventory on hand at the end of the year was $35,600. The adjusting entry if the company use COGS method is ...

(Dr) cost of goods sold $900 (Cr) merchandise inventory $900

(Dr) merchandise inventory $900 (Cr) cost of goods sold $900

(Dr) merchandise inventory $35,600 (Cr) cost of goods sold $35,600

(Dr) cost of goods sold $35,600 (Cr) merchandise inventory $35,600

(Dr) cost of goods sold $36,500 (Cr) merchandise inventory $36,500

PT. Gold Future is one of the furniture industries in East Java. On 13 March 2018, this company used nails and paints of $18,900 and woods of $79,500. This event must be recorded on 13 March by PT. Gold Future:

(Dr) work in process $98,400 (Cr) raw materials $98,400

(Dr) work in process $18,900 (Dr) manufacture overhead $79,500 (Cr) raw materials $98,400

(Dr) work in process $18,900 (Dr) manufacture overhead $79,500 (Cr) accounts payable $98,400

(Dr) work in process $79,500 (Dr) manufacture overhead $18,900 (Cr) raw materials $98,400

(Dr) raw materials $79,500 (Cr) accounts payable $79,500

8% of the stocks purchased was returned to the supplier. The stocks were bought for Rp65.000.000. The entry made by the buyer if using the periodic inventory system was…

accounts payable Rp5.200.000 purchase return Rp5.200.000

accounts receivable Rp65.000.000 merchandise inventory Rp65.000.000

accounts payable Rp65.000.000 purchase return Rp65.000.000

merchandise inventory Rp5.200.000 accounts payable Rp5.200.000

purchase return Rp59.800.000 accounts receivable Rp59.800.000

A company issued a check to establish a petty cash fund of Rp500.000 at the beginning of June 2016. At the end of June 2016, the amount of petty cash fund was Rp120.000 and this company issued a check to replenish the fund, based on the following receipts: office supplies Rp300.000; miscellaneous expense Rp75.000 The journal entry was...

(Dr) office supplies Rp300.000 (Dr) miscellaneous expense Rp75.000 (Dr) cash short and over Rp5.000 (Cr) cash Rp380.000

office supplies Rp75.000 miscellaneous expense Rp300.000 cash short and over Rp5.000 cash Rp380.000

office supplies Rp300.000 miscellaneous expense Rp5.000 cash short and over Rp75.000 cash Rp380.000

cash Rp380.000 office supplies Rp300.000 miscellaneous expense Rp75.000 cash short and over Rp5.000

cash Rp380.000 office supplies Rp300.000 miscellaneous expense Rp5.000 cash short and over Rp75.000

On 1 November 2017, Arema Inc. bought a merchandise inventory Rp7.600.000 on account, 2/10, n/30. Due to the damage, on 5 November 2017, Rp600.000 goods were returned to the suppliers. On 10 November 2017, Arema Inc. paid the bills. From the cash disbursement journal, the credit account is... (assumed that the company used perpetual inventory system)

cash Rp6.860.000 and merchandise inventory Rp140.000

accounts payable Rp7.000.000 and merchandise inventory Rp70.000

cash Rp6.860.000 and accounts receivable Rp140.000

The general journal makes several significant contributions to the recording process such as ...

it discloses in one place the complete effects of a transaction, provides a chronological record of transactions and helps to prevent or locate errors because the debit and credit amounts for each entry can be easily compared

it discloses in one place the complete effects of a transaction, provides a chronological basis of data, helps to record the debit and credit amounts for each entry that can be readily compared

it discloses in one place the complete effects of a transaction, provides a chronological transactions, helps to record the debit and credit for each entry that can be readily compared and informs the financial statements

it discloses in one place the complete effects of a transaction, provides a chronological record of transactions, helps to prevent or locate errors because the debit and credit amounts for each entry can be readily compared and informs the income statement

it discloses in many places the complete effects of a transaction, provides a chronological transaction, helps to record the debit and credit amounts for each entry that can be readily compared and informs to public or users.

PT. Garuda sold merchandise inventory to Flying Store on account. The sales price was Rp4.000.000. This inventory was sold with a 30% discount, 2/10 n/30. Cost of goods sold was 28,125% from the price list. PT. Garuda use perpetual system to record the inventory:

(Dr) accounts receivable-flying store Rp2.800.000 (Cr) sales Rp2.800.000 (Dr) cost of goods sold Rp1.125.000 (Cr) merchandise inventory Rp1.125.000

(Dr) accounts receivable-flying store Rp4.000.000 (Cr) merchandise inventory Rp4.000.000 (Dr) cost of goods sold Rp2.800.000 (Cr) accounts receivable-flying store Rp2.800.000

(Dr) accounts receivable-flying store Rp4.000.000 (Cr) sales Rp4.000.000 (Dr) cost of goods sold Rp2.800.000 (Cr) merchandise inventory Rp2.800.000

(Dr) sales-flying store Rp4.000.000 (Cr) accounts payable Rp4.000.000 (Dr) cost of goods sold Rp2.800.000 (Cr) merchandise inventory Rp2.800.000

(Dr) sales-flying store Rp2.800.000 (Cr) accounts receivable Rp2.800.000 (Dr) cost of goods sold Rp1.125.000 (Cr) merchandise inventory Rp1.125.000

There is no general rule for an account becomes uncollectible, some indications that an account may be uncollectible include the following, except…

the company can locate the customer

the customer does not respond to the company’s attempts to collect

the customer files for bankruptcy

the customer closes its business

The amount of labor cost on June was Rp11.000.000 consisted of direct labor cost Rp8.000.000 and indirect labor cost Rp3.000.000. The entry to allocate the labor costs is…

(Dr) work in process Rp8.000.000 (Dr) factory overhead Rp3.000.000 (Cr) salaries payable Rp11.000.000

(Dr) salaries payable Rp11.000.000 (Cr) cash Rp11.000.000

(Dr) salaries expense Rp11.000.000 (Cr) salaries payable Rp11.000.000

(Dr) direct labor cost Rp8.000.000 (Dr) indirect labor cost Rp3.000.000 (Cr) salaries payable Rp11.000.000

(Dr) work in process Rp8.000.000 (Dr) factory overhead Rp3.000.000 (Cr) salaries payable Rp11.000.000

Stay Cool Co. produced breads. On 17 August 2017, the company recognize factory overhead cost consisted of electricity and water Rp225.800, rent of factory equipment cost Rp118.500 and others factory costs Rp43.850 to support the production activity. The entry to record the of factory overhead was…

(Dr) factory overhead Rp388.150 (Cr) accrued expense Rp388.150

(Dr) work in process Rp388.150 (Cr) factory overhead Rp388.150

(Dr) electricity and water cost Rp225.800 (Cr) supplies cost Rp118.500 (Cr) others factory cost Rp43.850 (Cr) factory overhead Rp388.150

(Dr) factory overhead Rp388.150 (Cr) cash Rp388.150

(Dr) electricity and water cost Rp225.800 (Dr) supplies cost Rp118.500 (Dr) others factory cost Rp43.850 (Cr) factory expense Rp388.150

On 10 August, PT Cika issued a Rp20.000.000, 90-day notes to PT Koko in exchange for stocks. Koko discounts the note at a rate of 5%. On 10 November, PT Cika paid the notes, the entry made by PT Cika was...

notes payable Rp20.000.000 cash in bank Rp20.000.000

merchandise inventory Rp19.775.000 interest expense Rp25.000 note payable Rp20.000.000

merchandise inventory Rp20.000.000 note payable Rp20.000.000

note payable Rp19.775.000 cash in bank Rp19.775.000

merchandise inventory Rp19.775.000 interest expense Rp25.000 cash in bank Rp20.000.000

Berikut adalah daftar umur piutang (receivable aging schedule) dari PT Parkinslinc per 31 Desember 2015:

bad debt expense Rp7.700.000 allowance for doubtful account Rp7.700.000

(Dr) bad debt expense Rp1.200.000 (Cr) allowance for doubtful account Rp1.200.000

bad debt expense Rp10.760.000 allowance for doubtful account Rp10.760.000

bad debt expense Rp9.650.000 allowance for doubtful account Rp9.650.000

bad debt expense Rp28.500.000 allowance for doubtful account Rp28.500.000

In the trial balance of PT. First Putra on 31 Dec 2018, the bond payable is Rp100.000.000. The 24% interest must be paid every 1 February and 1 August. The adjustment entry that must be made on 31 Dec 2018 is…

(Dr) interest expense Rp12.000.000 (Cr) interest payable Rp12.000.000

(Dr) interest expense Rp5.000.000 (Cr) interest payable Rp5.000.000

(Dr) interest expense Rp16.000.000 (Cr) interest receivable Rp16.000.000

(Dr) interest expense Rp24.000.000 (Cr) interest payable Rp24.000.000

(Dr) interest expense Rp18.000.000 (Cr) interest receivable Rp18.000.000

Pada tanggal 31 Desember 2017, saldo pendapatan sewa di buku besar PT. Dairy sebelum penyesuaian sebesar Rp12.000.000. Jumlah ini diperoleh dari pembayaran PT. Dairy untuk sewa tempat usaha selama satu tahun terhitung mulai tanggal 1 Oktober 2017. Ayat jurnal penyesuaian yang harus dibuat oleh PT. Dairy pada tanggal 31 Desember 2017 adalah...

pendapatan sewa (D) Rp9.000.000; pendapatan sewa diterima dimuka (K) Rp9.000.000

pendapatan sewa (D) Rp3.000.000; pendapatan sewa diterima dimuka (K) Rp3.000.000

pendapatan sewa diterima dimuka (D) Rp3.000.000; pendapatan sewa (K) Rp3.000.000

pendapatan sewa diterima dimuka (D) Rp9.000.000; pendapatan sewa (K) Rp9.000.000

pendapatan sewa (D) Rp2.000.000; pendapatan sewa diterima dimuka (K) Rp2.000.000

The company has 10 employees working 5 days a week, and it pays weekly salaries of $347/person per day, on every Friday. The last salaries were paid on 26 December 2017. The reversing entries on 1 January 2018 was…

debit Salaries Expense $10,410; credit salaries payable $10,410

debit Salaries Expense $13,880; credit salaries payable $13,880

debit Salaries Payable $13,880; credit salaries expense $13,880

debit Salaries Payable $10,410; credit salaries expense $10,410

none of the answers above is true

On 18 June 2018, Office Equipment was purchased for Rp7.849.500, n/30. The transaction was journalized as a debit to Store Equipment Rp894.500 and credit to Accounts payable Rp894.500. This error was found on 3 July when the monthly report on May was received from the creditors. The correction entry was…

(Dr) office equipment Rp7.849.500 (Cr) store equipment Rp894.500 (Cr) accounts payable Rp6.955.000

(Dr) store equipment Rp7.849.500 (Cr) office equipment Rp894.500 (Cr) accounts payable Rp6.955.000

(Dr) store equipment Rp7.849.500 (Cr) accounts payable Rp7.849.500

(Dr) office equipment Rp7.849.500 (Cr) accounts Payable Rp7.849.500

(Dr) accounts payable Rp7.849.500 (Cr) store equipment Rp7.849.500

Berdasarkan pasal 1 angka 26 dan pasal 28 UU No 16/2000 tentang Ketentuan Umum dan Tata Cara Perpajakan (KUP), dalam kaitannya menyelenggarakan akuntansi atau pembukuan mengelompokkan wajib pajak kedalam beberapa kategori, kecuali...

wajib pajak yang dikecualikan dari kewajiban untuk menyelenggarakan pembukuan dan melakukan pencatatan (pembukuan sederhana)

wajib pajak orang pribadi yang melakukan kegiatan usaha atau pekerjaan bebas

wajib pajak yang dikecualikan dari kewajiban untuk menyelenggarakan pembukuan, tetapi wajib melakukan pembukuan (sederhana)

Hak Wajib Pajak di bidang perpajakan di antaranya adalah, kecuali ...

mengajukan pengurangan angsuran pajak

meminta kembali kekurangan pajak

memperoleh informasi dan pelayanan perpajakan dari DJP

mengajukan keberatan, banding, dan peninjauan kembali

memperpanjang jangka waktu penyampaian Surat Pemberitahuan Tahunan Pajak Penghasilan

Dalam melakukan penilaian atas persediaan barang, kantor pajak hanya memperbolehkan menggunakan dasar harga perolehan, sedangkan untuk penilaian pemakaian persediaan untuk menghitung harga pokok metode yang boleh dipakai hanya...

rata-rata dan tanda pengenal khusus

Kapankah tanggal jatuh tempo PPh Pasal 25?

Paling lama tanggal 15 bulan berikutnya setelah Masa Pajak berakhir

Paling lama tanggal 10 bulan berikutnya setelah Masa Pajak berakhir

Paling lama tanggal 10 bulan berikutnya setelah Masa Pajak berakhir, kecuali ditetapkan lain oleh Menteri Keuangan

Paling lama tanggal 15 bulan berikutnya setelah Masa pajak berakhir, kecuali ditetapkan lain oleh Menteri Keuangan

Dalam jangka waktu 1 hari kerja setelah dilakukan pemungutan pajak

Magic Thor Co. had store supplies balance on 1 December 2017 Rp5.432.790. On 7 and 20 December 2017 Magic Thor Co. bought store supplies to support the business Rp6.411.820 and Rp4.329.500. On 31 December 2017, the remaining balance of store supplies was Rp8.790.500. The adjusting entry was ...

store supplies expense Rp7.383.610 store supplies Rp7.383.610

store supplies Rp16.174.110 store supplies expense Rp16.174.110

store supplies expense Rp8.790.500 store supplies Rp8.790.500

store supplies Rp8.790.500 store supplies expense Rp8.790.500

store supplies expense Rp7.383.610 retained earnings Rp7.383.610

Olimpiade Akuntansi Nasional 2018

Authored by Ikhwan Muhamadi

Other

11th Grade

Used 14+ times

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55 questions

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Three basic activities in accounting are...

identifies, records, communicates

identifies, records, reads

identifies, records, summarizes

records, classifies, analyzes

writes, records, communicates

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Individuals or organizations outside a company who need financial information are called ...

marketing managers

finance directors

production supervisors

stakeholders

company officers

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The accounting principle which dictates company to record assets at their cost, not only at the time of the asset is purchased, but also over the age of the asset is...

monetary unit

fair value

historical cost

economic entity

cost analyzes

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The company on 31 December 2017 had current assets Rp10.468.540, building Rp5.476.250 and accumulated depreciation of building Rp2.554.500, total current liabilities Rp3.786.000, total noncurrent liabilities Rp2.565.600, share capital Rp2.000.000, net income on 31 Dec 2017 was Rp1.670.800, dividend Rp845.000. The retained earnings on 1 December 2017 was...

Rp4.201.980

Rp4.212.890

Rp5.038.690

Rp5.083.900

Rp6.083.900

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business owned by one person and the owner receives any profits, suffers any losses, and is personally liable for all debts of the business are the characteristics of...

entrepreneur

single store

partnership

proprietorship

corporation

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Berikut adalah data pembukuan suatu perusahaan :
Saldo Kas Rp5.000.000
Jurnal Penjualan Rp15.000.000
Jurnal penerimaan kas Rp20.000.000
Jurna Pembelian Rp8.000.000
Jurnal pengeluaran kas Rp17.500.000
Dari data di atas, setelah dilakukan posting saldo Kas ke dalam buku besar, berapakah saldo kas pada akhir periode?

Rp7.500.000

Rp17.500.000

Rp12.500.000

Rp22.500.000

Rp14.500.000

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following comprises petty cash transaction?

payments to service providers

purchases of inventory

purchase of postage

receipts from sales

payments to vendors

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