wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

accounting 3

Total questions: 75

Worksheet time: 56mins

Name
Class
Date
1.

Phast Mail Service purchased equipment for $2,000. Phast paid $500 in cash and signed a note for the balance. Phast debited the Equipment account, credited Cash and

a)

nothing further must be done.

b)

debited the Capital account for $1,500.

c)

credited another asset account for $500.

d)

credited a liability account for $1,500.

2.

Phast Mail Service purchased equipment for $2,000. Phast paid $500 in cash and signed a note for the balance. Phast debited the Equipment account, credited Cash and

a)

nothing further must be done.

b)

debited the Capital account for $1,500.

c)

credited another asset account for $500.

d)

credited a liability account for $1,500.

3.

On January 14, Maxine Industries purchased supplies of $900 on account. The entry to record the purchase will include

a)

a debit to Supplies and a credit to Accounts Payable.

b)

a debit to Supplies Expense and a credit to Accounts Receivable.

c)

a debit to Supplies and a credit to Cash

d)

a debit to Accounts Receivable and a credit to Supplies.

4.

The final step in the recording process is to

a)

analyze each transaction.

b)

enter the transaction in a journal.

c)

prepare a trial balance

d)

transfer journal information to ledger accounts

5.

The usual sequence of steps in the transaction recording process is:

a)

journal - analyze - ledger.

b)

analyze- journal - ledger.

c)

journal -ledger -analyze.

d)

ledger - journal - analyze.

6.

The procedure of transferring journal entries to the ledger accounts is called

a)

journalizing.

b)

analyzing.

c)

reporting.

d)

posting.

7.
A receipt is the source document for cash received from transactions other than sales.
a)
TRUE
b)
FALSE
8.
A form describing the goods or services sold, the quantity, the price, and the terms of sale.
a)
INVOICE
b)
JOURNAL
c)
SALES INVOICE
d)
CHECK
9.

Under which of these would a transaction involving bills fall under?

a)

Owner's Equity

b)

Asset

c)

Liability

d)

Revenue

e)

Expense

10.

What is another name for a statement of financial position?

a)

Balance Sheet

b)

Chart of Accounts

c)

Trial Balance

d)

Financial balance statement

11.

In the transaction "Jake commenced business by contributing $14,000 cash, a $4,000 scooter, an $8,000 motor vehicle and $800 worth of tools to the business.", which account would you record first?

a)

Jake - Capital

b)

Scooter

c)

Cash at Bank

d)

Motor Vehicle

e)

Tools

12.

Which of these is NOT commonly a fixed asset

a)

Equipment

b)

Land

c)

Accounts Recievable

d)

Building

13.

Cash Short and Over is classified as a(n)

a)

a. asset.

b)

b. liability.

c)

c. expense.

d)

d. equity.

14.
The company purchases land by paying half in cash and signing a note payable for the other half..What is the effect on accounting equation?
a)
Inc. in Assets (Land), Dec.In Assets (Cash)  I  Inc. in Liability (NP)
b)
Inc. in Assets (Land), Dec.In Assets (Cash)  I  Inc. in Liability (NP)
c)
Inc. in Assets (Land)  I  Inc. in Liability (NP)
15.
If the total liabilities is P 15, 000 and the total assets is P 23,000, what is the total equity using the accounting equation?
a)
P 8,001
b)
P 8,000
c)
P 8,000.01
16.

Berikut adalah asumsi dasar dari proses akuntansi:

a)

Historical Cost

b)

Accrual

c)

Full Disclosure

d)

Consistency

17.

Prinsip ini berguna untuk menentukan besarnya penghasilan bersih setiap periode. Karena itu maka pembebanan biaya sangat bergantung pada saat pengakuan pendapatan.

a)

Consistency Principle

b)

Full Disclosure Principle

c)

Matching Principle

d)

Revenue Recognition Principle

18.

Which accounts have a normal balance on the credit side? (Increase with a credit.)

a)

liabilities and owner's capital

b)

assets and expenses

c)

assets and liabilities

d)

assets and owner's capital

19.

Received cash on account from M. Drapeau.

a)

Cash-Credit; Accounts Payable - M.Drapeau Credit

b)

Cash - Debit; Accounts Receivable - M. Drapeau - Credit

c)

Cash - Debit; Accounts Payable - M. Drapeau - Debit

d)

Cash - Credit; Accounts Receivable - M. Drapeau - Debit

20.

Bought supplies on account from Walmart.

a)

Supplies-credit; Accounts Receivable-Walmart - debit

b)

Supplies-debit; Accounts Receivable-Walmart - credit

c)

Supplies-debit; Accounts Payable-Walmart - credit

d)

Supplies-credit; Accounts Payable-Walmart - debit

21.

Balance of Supplies on trial balance $2,500. Supplies on hand December 31 $2,000. Adjusting entry would be

a)

Supplies Expense - $500 debit; Supplies - $500 credit

b)

Supplies Expense - $2,000 debit; Supplies - $2,000 credit

c)

Supplies - $500 debit; Supplies Expense - $500 credit

d)

Supplies - $2,000 debit; Supplies Expense - $2,000 credit

22.

Sales has a credit balance of $2,345. What is recorded to close this account?

a)

net income of $2,345

b)

a credit of $2,345

c)

a debit of $2,345

d)

a net loss of $2,345

23.

Sales has a credit balance of $2,345. What is recorded to close this account?

a)

net income of $2,345

b)

a credit of $2,345

c)

a debit of $2,345

d)

a net loss of $2,345

24.

Received cash on account from D. Christenson $1,000.00 less $20.00 discount; total $980.00. In which columns would amounts be recorded?

a)

Cash Debit $980.00; Sales Discount Debit $20.00; Sales Credit $1,000

b)

Cash Debit $980.00; Sales Discount Debit $20.00; Accounts Receivable Credit $1,000

c)

Cash Debit $1,000; Sales Discount Debit $20.00; Accounts Receivable Credit $980

d)

Cash Debit $1,000; Sales Discount Debit $20.00; Sales Credit $980

25.

Tanggal 1 Desember 2018, Pak Azra menjual 10 karung beras Rp 500.000 kepada Pak Hymawan dengan syarat 2/15, n/60. Jurnal yang BENAR adalah ...

a)

Piutang Dagang (D) dan Perlengkapan (K) sebesar Rp 500.000

b)

Piutang Dagang (D) dan Penjualan (K) sebesar Rp 500.000

c)

Penjualan (K) dan Piutang Dagang (K) sebesar Rp 500.000

d)

Penjualan (D) dan Utang Dagang (K) sebesar Rp 500.000

26.

1/1/2019, Pak Hymawan melunasi utang atas pembelian karung beras dari Pak Azra sebesar Rp 500.000, maka pencatatan Pak Azra yang benar adalah ...

a)

Kas (D) dan Utang Dagang (K) sebesar Rp 500.000

b)

Utang Dagang (D) dan Kas (K) sebesar Rp 500.000

c)

Kas (D) dan Piutang Dagang (K) sebesar Rp 500.000

d)

Kas (D) dan Penjualan (K) sebesar Rp 500.000

27.

1/1/2019, Pak Haidar menjual Lemari Kayu Jati kepada Bu Yeni sebesar Rp 15.000.000 dengan syarat 2/10,n/60. Namun ketika mendekati jatuh tempo piutang dagang Bu Yeni digantikan menggunakan wesel. Maka jurnal pengalihan piutang adalah ...

a)

Piutang Wesel (D) dan Piutang Dagang (K) sebesar Rp 15.000.000

b)

Piutang Wesel (D) dan Piutang Dagang (D) sebesar Rp 15.000.000

c)

Piutang Wesel (K) dan Piutang Dagang (K) sebesar Rp 15.000.000

d)

Piutang Wesel (K) dan Piutang Dagang (D) sebesar Rp 15.000.000

28.

Diketahui, PT M2M memiliki beberapa debitur dengan saldo piutang per 30 November 2018, seperti PD Ngentak Rp 2.000.000, PD Ngijon Rp 5.000.000, dan PD Gedongan Rp 3.000.000. Selama bulan Desember 2019, terdapat transaksi PD Ngijon, Tgl 2 Desember 2019, menerima pembayaran faktur PT Ngijon ke PT M2M sebesar Rp 2.000.000. Saldo pada kartu piutang PT M2M adalah

a)

(D) Rp 3.000.000

b)

(D) Rp 2.000.000

c)

(K) Rp 3.000.000

d)

(D) Rp 5.000.000

29.

Dibeli peralatan seharga Rp5.500.000 dibayar dengan cek No.A123. Dari transaksi tersebut jurnal yang dibuat adalah...

a)

Peralatan (D) Rp5.500.000; Cek (K) Rp5.500.000

b)

Peralatan (D) Rp5.500.000; Kas (K) Rp5.500.000

c)

Kas (D) Rp5.500.000; Peralatan (K) Rp5.500.000

d)

Cek (D) Rp5.500.000; Peralatan (K) Rp5.500.000

e)

Peralatan (D) Rp5.500.000; Utang (K) Rp5.500.000

30.

Jika diketahui sisi debit kolom laba-rugi sebesar Rp10.000.000, sementara sisi kredit kolom laba-rugi sebesar Rp25.000.000, maka perusahaan tersebut mengalami...

a)

Rugi sebesar Rp25.000.000

b)

Laba sebesar Rp25.000.000

c)

Rugi sebesar Rp15.000.000

d)

Laba sebesar Rp15.000.000

e)

Rugi sebesar Rp 15.000.000

31.

Suatu perusahaan melakukan penyesuaian terhadap komputer yang dibeli sebesar Rp35.000.000 yang ditaksir pada tahun ke-5 akan bernilai sisa sebesar Rp5.000.000, maka pada kolom penyesuaian dikertas kerja akan muncul akun...

a)

Beban penyusutan peralatan Rp6.000.000 sisi kredit

b)

Beban penyusutan peralatan Rp6.000.000 sisi debit

c)

Akumulasi penyusutan peralatan Rp7.000.000 sisi kredit

d)

Akumulasi penyusutan peralatan Rp6.000.000 sisi debit

e)

Akumulasi penyusutan peralatan Rp7.000.000 sisi kredit

32.

Perusahaan X pada akhir Desember 2018 melakukan penyesuaian terdapat perlengkapan yang pada awal tahun sebesar Rp15.000.000, sementara di akhir tahun yang masih tersedia sebesar Rp6.000.000, maka jurnal penyesuaian yang benar...

a)

Beban perlengkapan (D) Rp 9.000.000; Perlengkapan (K) Rp9.000.000

b)

Perlengkapan (D) Rp 9.000.000; Beban perlengkapan (K) Rp 9.000.000

c)

Beban perlengkapan (D) Rp6.000.000; Perlengkapan (K) Rp6.000.000

d)

Perlengkapan (D) Rp6.000.000; Beban perlengkapan (K) Rp6.000.000

e)

Beban perlengkapan (D) Rp15.000.000; Perlengkapan (K) 15.000.000

33.

Perhatikan

gambar dibawah ini :

Tokoh

yang dijuluki sebagai bapak Akuntansi adalah...

a)

Adam Smith

b)

JM. Keynes

c)

Lucas Paciolli

d)

David Ricardo

e)

Robert Malthus

34.

Bidang akuntansi yang berkaitan dengan pemeriksaan terhadap laporan yang dihasilkan disebut...

a)

akuntansi manajemen

b)

akuntansi keuangan

c)

akuntansi auditing

d)

akuntansi perpajakan

e)

akuntansi biaya

35.

Akuntan yang melaksanakan tugas pemeriksaaan terhadap kewajaran laporan keuangan perusahaan yang berasal dari pihak eksternal dan bekerja secara independen adalah....

a)

akuntan pemerintah

b)

akuntan internal

c)

akuntan pendidik

d)

akuntan publik

e)

akuntan perusahaan

36.

Harta yang tidak berwujud, yang diperoleh dari hasil menciptakan suatu karya atau produk yang belum pernah dibuat oleh orang lain disebut...

a)

Royalti

b)

Hak paten

c)

Hak Cipta

d)

Uang

e)

Good Will

37.

A trial balance is a listing of

a)

transactions in a journal.

b)

the chart of accounts.

c)

general ledger accounts and balances.

d)

the totals from the journal pages.

38.
The company purchases a significant amount of supplies on credit. What is the effect on accounting equation?
a)
Inc. in Assets  I  Dec. in Equity
b)
Inc. in Assets  Inc. in Liabilities
c)
Dec. in Assets  I  Inc. in Liabilities
39.
Which of the following results in a revenue event?
a)
stock is issued for cash
b)
a telephone bill is received but not paid
c)
a customer pays for merchandise purchased earlier
d)
a customer buys merchandise on account
40.

A work sheet always covers a period of one month

a)

true

b)

false

41.

A net income for the period is the amount left after the expenses for the period have been subtracted from revenue.

a)

True

b)

False

42.

A net loss for the period is entered in the debit column of the Balance Sheet section.

a)

True

b)

False

43.

Amounts from the Trial Balance section are extended first to the Income Statement section.

a)

True

b)

False

44.

The Trial Balance section will have entries for all accounts in the general ledger including those with zero balances.

a)

True

b)

False

45.

The first two columns of the work sheet are used to enter the

a)

trial balance

b)

balance sheet

c)

income statement

d)

net income

46.

A(n) results when revenue is larger than expenses.

a)

net income

b)

net loss

c)

trial balance

d)

inequity

47.

A net loss is entered in the column of the Income Statement section

a)

credit

b)

debit

c)

trial balance

d)

income statement

48.

The amount of net income for the period is added to the total of the credit column of the Balance Sheet section because it increases the balance in the ____ account.

a)

assets

b)

liabilities

c)

temporary

d)

capital

49.

A paper used to collect information from the general ledger accounts is a(n)

a)

work sheet

b)

ledger

c)

journal

d)

balance sheet

50.

The allows a business to match revenue against expenses as a means of measuring profit for the period.

a)

transposing

b)

balancing

c)

matching principle

d)

subtracting

51.

Indicate whether the account will have a normal debit or credit balance on the Trial Balance section of the work sheet - Cash in Bank

a)

Debit

b)

Credit

52.

Indicate whether the account will have a normal debit or credit balance on the Trial Balance section of the work sheet - Utilities Expense

a)

Debit

b)

Credit

53.

Indicate whether the account will have a normal debit or credit balance on the Trial Balance section of the work sheet - Tamara Haight, Capital

a)

Debit

b)

Credit

54.

Indicate whether the account will have a normal debit or credit balance on the Trial Balance section of the work sheet - Accounts Payable-Stuart

a)

Debit

b)

Credit

55.

Indicate whether the account will have a normal debit or credit balance on the Trial Balance section of the work sheet - Accounts Receivable - Anderson

a)

Debit

b)

Credit

56.

Indicate whether the account will have a normal debit or credit balance on the Trial Balance section of the work sheet - Office Equipment

a)

Debit

b)

Credit

57.

Indicate whether the account will have a normal debit or credit balance on the Trial Balance section of the work sheet - Commissions Revenue

a)

Debit

b)

Credit

58.

Indicate whether the account will have a normal debit or credit balance on the Trial Balance section of the work sheet - Haight, withdrawals

a)

Debit

b)

Credit

59.

For the following Trial Balance account, indicate the section of the work sheet to which each account balance will be extended - Cash in Bank

a)

Income Statement

b)

Balance Sheet

60.

For the following Trial Balance account, indicate the section of the work sheet to which each account balance will be extended - Accounts Payable - Smith

a)

Income Statement

b)

Balance Sheet

61.

For the following Trial Balance account, indicate the section of the work sheet to which each account balance will be extended - Advertising Expense

a)

Income Statement

b)

Balance Sheet

62.

For the following Trial Balance account, indicate the section of the work sheet to which each account balance will be extended - Sales Revenue

a)

Income Statement

b)

Balance Sheet

63.

For the following Trial Balance account, indicate the section of the work sheet to which each account balance will be extended - J. Jones, Capital

a)

Income Statement

b)

Balance Sheet

64.

For the following Trial Balance account, indicate the section of the work sheet to which each account balance will be extended - Haight, withdrawals

a)

Income Statement

b)

Balance Sheet

65.

For the following Trial Balance account, indicate the section of the work sheet to which each account balance will be extended - Delivery Expense

a)

Income Statement

b)

Balance Sheet

66.

A work sheet is prepared at the end of each fiscal period

a)

True

b)

False

67.
Adjusting entries are made….
a)
At the beginning of the year
b)
At the end of the year
c)
During the year
d)
At the middle of the year
e)
All of these
68.
Entries made at the end of the accounting period to correct and update the record of business transactions are called....
a)
Rectifying entries
b)
Closing entries
c)
Reversing entries
d)
Adjusting entries
e)
Book entries
69.
Expenses against which goods or services have been received but payment has not been made are called….
a)
Prepaid expenses
b)
Deferred expenses
c)
Outstanding expenses
d)
Advance expenses
e)
General Ledger
70.
Adjusting entries are made to ensure that:
a)
Expenses are recognized in the period in which they are incurred
b)
Revenues are recorded in the period in which they are earned
c)
Statement of financial position and income statement accounts have correct balances at the end of an accounting period
d)
All statements are not recognized
e)
All of the above
71.

The trial balance shows Supplies $1,350 and Supplies Expense $0. If $600 of supplies are on hand at the end of the period, the adjusting entry is:

a)

Supplies $600

Supplies Expense $600

b)

Supplies $750

Supplies Expense $750

c)

Supplies Expense $750

Supplies $750

d)

Supplies Expense $600

Supplies $600

e)

Cash $750

Supplies $750

72.
Adjustments for prepaid expenses:
a)
Decrease assets and increase revenues
b)
Decrease expenses and increase assets
c)
Decrease assets and increase expenses
d)
Decrease revenues and increase assets
e)
Increase revenues and increase liabilities
73.
The Harris Company purchased equipment for $15,000 on December 1. It is estimated that annual depreciation on the computer will be $3,000. If financial statements are to be prepared on December 31, the company should make the following adjusting entry….
a)
debit Depreciation Expense, $3,000; credit Accumulated Depreciation, $3,000
b)
debit Depreciation Expense, $250; credit Accumulated Depreciation, $250
c)
debit Depreciation Expense, $12,000; credit Accumulated Depreciation, $12,000
d)
debit Equipment, $15,000; credit Accumulated Depreciation, $15,000
e)
debit Equipment, $10,000; credit Accumulated Depreciation, $10,000
74.
The purchase of supplies on account should result in….
a)
A debit to Supplies Expense and a credit to Cash
b)
A debit to Supplies Expense and a credit to Accounts Payable
c)
A debit to Supplies and a credit to Accounts Payable
d)
A debit to Supplies and a credit to Accounts Receivable
e)
A debit to Cash and a credit to Expense
75.
The Ledger is the principal account book for recording transactions in accounting. The information recorded in the Ledger is taken from the books of original entry such as EXCEPT ….
a)
General Journal
b)
Sales journal
c)
Purchases journal
d)
Invoice
e)
Petty cash book