Accounting Quiz

Which are included in the components of the income statement, except...

• Sales

• Cost of Goods Sold

• Operating Expenses

• Equity

• Other Incomes and Expenses

Which is the correct order of financial reporting?

• Income statement - equity statement - balance sheet

• Equity Statement - balance sheet - income statement

• Cash Flow - income statement - Equity Statemen

• Balance sheet - income statement - cash flow

• Income statement - cash flow - Equity Statemen

A list of account balances prepared after the closing journal process is carried out at the end of the accounting period in which only real accounts remain, while nominal accounts have been closed and no longer have a balance is the definition of....

• Income Statement

• Reversing Journal

• Balance Sheet

• Trial sheet

• Balance sheet after closing

Which is not a component of the statement of financial position is....

• Equity

• Fixed assets

• Current assets

• Advertising expenses

• Liabilities

The above report is an example of a report form...

• Income statement

• Equity Statement

• Balance sheet

• Notes to the financial statements

• Cash flow

The inventory recording above uses the method….

• Periodic

• Perpetual

• Physique

• Straight line

• Balance decreasing

Purchased merchandise worth Rp. 8,000,000.00 with terms 4/10 n/30 from Via Store Make a journal using the periodic method.

• 1. Purchase. 8,000,000

  Cash. 8,000,000

  
  

• 1. Merchandise inventory. 8,000,000

  Cash. 8,000,000

  
  

• 1. Purchase. 8,000,000

  Trade payables. 8,000,000

  
  

• 1. Merchandise inventory 8,000,000

  Trade payables. 8,000,000

  
  

• 1. Trade payables. 8,000,000

  Cash. 8,000,000

  
  

A company applies a perpetual accounting system with the FIFO method. In a period, the following data was obtained: Inventory, 1 Jan = 200units @ Rp. 1,000 Purchase, Jan 15 = 200 units @Rp2,000 Sales, Jan 17 = 250 units. From the data above, the cost of goods available at the end of the period is...

• Rp. 150,000

• Rp. 225,000

• Rp. 300,000

• Rp. 330,000

• Rp. 200,000

A company applies a perpetual recording system with the AVERAGE method. In a period, the following data was obtained: Inventory, 1 Jan = 200units @ Rp. 1,000 Purchase, Jan 15 = 200 units @Rp2,000 Sales, Jan 17 = 250 units. From the data above, the cost of goods available at the end of the period is...

• Rp. 150,000

• Rp. 450,000

• Rp. 300,000

• Rp. 325,000

• Rp. 225,000

On January 1, 2024, the inventory of merchandise was known to be 100 units @ Rp 10,000. Transactions during January 2024: 5 Jan purchase of 50 units @ Rp 11,000. 10 Jan purchase of 60 units @ Rp 12,000 17 Jan purchase of 30 units @ Rp 12,500 Sales during January 2024 were 210 units. If the company uses the physical method and the ending inventory valuation uses the FIFO method, then the ending inventory value for January 2024 is ....

• Rp. 935,000

• Rp. 375,000

• Rp. 800,000

• Rp. 495,000

• Rp. 330,000