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WorksheetsQuiz 5 - IUP
Total questions: 10
Worksheet time: 5mins
On April 1, 2019, an invoice was sent to Queen Store for merchandise sales totaling IDR 6,700,000; invoice number 002, terms 3/10, n/30. This transaction was recorded in the journal . . .
Sales Journal
Cash Disbursement Journal
Purchase Journal
General Journal
Cast Receipts Journal
On August 10, 2018, PD. Kita Jaya purchased goods from PT. Ademsari for IDR 2,000,000 with terms EOM (end of month). This transaction should be recorded by PD. Kita Jaya in the . . .
General Journal
Purchase Journal
Sales Journal
Cash Receipts Journal
Cash Disbursement Journal
PT Prilline purchased merchandise on May 5, 2019, for IDR 5,320,000 with terms 2/10, n/30. On May 7, 2019, merchandise worth IDR 2,000,000 was returned. The amount paid by PT Prilline on May 13, 2019, is . . .
IDR 1,960,000
IDR 2,000,000
IDR 3,253,600
IDR 4,000,000
IDR 6,000,000
The debt subsidiary ledger is specifically used for....
Record inventory purchases on credit.
Provide details related to debt balances to each creditor.
Calculating the company's total revenue.
Presents a direct cash flow statement.
Recording changes in the value of fixed assets.
The main difference between general ledger and subsidiary ledger is....
General ledgers record all transactions, while auxiliary ledgers only record certain transactions.
General ledgers are more detailed than subsidiary ledgers.
General ledgers are used for large companies, while subsidiary ledgers are used for small companies.
General ledgers do not require adjustment, while subsidiary ledgers need to be adjusted periodically.
General ledgers are used to record cash transactions, while subsidiary ledgers are used to record credit transactions.
ABC Company pays vehicle insurance for 1 year amounting to $12,000 on July 1, 2023. What is the value of insurance expense that should be recognized in the financial statements as of December 31, 2023?
$12,000
$6,000
$3,000
$9,000
$10,000
On March 1, 2023, XYZ Corporation receives a building rental payment for 2 years amounting to $48,000. What is the rental income that should be recognized in the income statement for the year 2023?
$48,000
$24,000
$20,000
$28,000
$40,000
DEF Company pays employee salaries every 25th of the month. On December 31, 2023, the company has not paid salaries for the period of December 26-31, amounting to $15,000. The appropriate adjusting journal entry to record this transaction is:
Salary Expense (Dr) $15,000 Cash (Cr) $15,000
Salary Expense (Dr) $15,000 Salary Payable (Cr) $15,000
Cash (Dr) $15,000 Salary Income (Cr) $15,000
Salary Payable (Dr) $15,000 Salary Expense (Cr) $15,000
Salary Expense (Dr) Rp15,000,000 Salary Income (Cr) Rp15,000,000
Revenue transactions that have not yet been received but are economically already revenue, this is called....
Active anticipation transaction
Passive anticipation transaction
Active transitorily transaction
Passive transitory transaction
Deferral transaction
The following are accounts of anticipatory transactions, except ...
Rent receivable
Prepaid rent
Rent payable
Interest receivable
Salary payable
