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FISCAL RECONCILIATION QUIZ - BY GROUP 6

Total questions: 5

Worksheet time: 3mins

Name
Class
Date
1.

What is fiscal reconciliation?

a)

The process of matching the differences contained in the commercial financial statements with the fiscal financial statements.

b)

The process of matching the differences contained in the commercial financial statements with the financial statements of the bank's finances.

c)

The process of matching the differences contained in the commercial financial statements with the insurance financial statements.

d)

The process of matching the differences found in commercial financial statements with investment financial statements.

2.

What are the rates for calculating the pkp that gets the facility in the example ?

a)

50% X 25%

b)

25% X 25%

c)

50% X 50%

d)

50% X 20%

3.

The inventory calculation method in fiscal financial statements is only allowed to use two methods, namely ?

a)

FIFO & LIFO

b)

FIFO & AVERAGE

c)

PHYSICAL & PERPETUAL

d)

PERIODIC & PERPETUAL

4.

Fiscal corrections can be divided into two groups...

a)

Non-fixed difference & Time difference

b)

Time difference & distance difference

c)

Fixed difference & Time difference

d)

Distance difference & Non-fixed difference

5.

A company sells goods on credit for Rp100,000,000 in 2023. The revenue will be received by the company in 2024. What is the correct fiscal reconciliation technique to record the transaction?

a)

Fiscal income is recognized in 2023 and recorded as a positive fiscal correction.

b)

Fiscal income is recognized in 2024 and recorded as a negative fiscal correction.

c)

Fiscal income is recognized in 2023 and recorded as a negative fiscal correction.

d)

Fiscal income is recognized in 2024 and not recorded as a fiscal correction.