Accounting Quiz

Below are not the benefits and functions of closing journal entries ...

• Transfers the balance of income summary into capital

• Transfers the depreciation balance into accumulated depreciation

• Transfers owner’s drawing balance into capital

• Transfers an expense balance into an income summary

The right accounting cycle is ...

• Transaction  Journal Entries  Posting  Trial Balance Adjusting Entries Financial Statements Worksheet Closing Entries

• Transaction  Journal Entries  Posting  Trial Balance  Financial Statements  Adjusting Entries  Worksheet Closing Entries

• Transaction  Journal Entries  Trial Balance  Posting  Worksheet  Adjusting Entries  Financial Statements  Closing Entries

• Transaction  Journal Entries  Posting  Trial Balance  Worksheet  Adjusting Entries  Financial Statements  Closing Entries

1. 1. Auditing

2. 2. cost accounting

3. 3. Tax accounting

4. 4. administrasion

5. 5. accounting lecturer

6. Based on the professions above which included in some specialist accounting are...

• 1, 2 and 3

• 2, 3 and 5

• 2, 3 and 4

• 1, 2 and 5

At the end of the fiscal year, receivables have a balance of Rp500.000.000,00, and allowance for uncollectible accounts have a balance of Rp12.000.000,00.The expected net realizable value of receivables is ...

• Rp488.000.000,00

• Rp500.000.000,00

• Rp512.000.000,00

• Rp521.000.000,00

the type of account that has a normal debit balance is ...

• Liabilities

• Owner’s drawing

• Equity

• Revenue

Below is a component of cash flow in the statement of cash flow, except ......

• Cash flow from the company's operations

• Cash flow from investment activities

• Cash flow from funding activities

• Personal cash flow

Initial Capital Rp150.000.000,00 Profit Rp38.500.000,00 Drawing Rp7.000.000,00 The final capital is ...

• Rp188.500.000,00

• Rp181.500.000,00

• Rp180.500.000,00

• Rp118.500.000,00

Finishing the customer printing work worth Rp4.500.000,00 in cash received Rp2.000.000,00 and the rest later. Journal of the transaction is ...

• Cash Rp2.000.000,00 Accounts Receivable Rp2.500.000,00 Services Revenue Rp4.500.000,00

• Services Revenue Rp4.500.000,00 Cash Rp2.000.000,00 Accounts Receivable Rp2.500.000,00

• Cash Rp4.500.000,00 Services Revenue Rp2.000.000,00 Accounts Receivable Rp2.500.000,00

• Cash Rp4.500.000,00 Services Revenue Rp2.500.000,00 Accounts Receivable Rp2.000.000,00

It is known that as of December 31, 2019 the accrued salary was Rp50.000.000,00, the reversing journal was ...

• Salary Expenses Rp50.000.000,00 Salary Payable Rp50.000.000,00

• Salary Payable Rp50.000.000,00 Cash Rp50.000.000,00

• Salary Payable Rp50.000.000,00 Salary Expenses Rp50.000.000,00

• Salary Expenses Rp50.000.000,00 Cash Rp50.000.000,00

Financial institutions in which their activities could act as intermediaries and as creators of demand deposits is...

• Central Bank

• Bank Perkreditan Rakyat

• Money Market

• Commercial Bank