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Quiz IKI-12

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Based on the matching principle, short-term funding should be used for?

a)

Acquisition of a new factory

b)

Long-term stock investments

c)

Procurement of fixed equipment

d)

Daily production needs

e)

Annual dividend payments

2.

In the context of leverage, a liability is considered beneficial if?

a)

Value is less than total equity

b)

Expenses can be offset by other debts

c)

Return on assets exceeds the cost of loan interest

d)

Current ratio is below 1

e)

Does not generate cash outflows

3.

The incorrect statement regarding short-term liabilities according to PSAK 1 is?

a)

Includes all operational liabilities

b)

Maturity does not exceed 12 months

c)

Settled in the normal operating cycle

d)

No contractual right to defer settlement ≥ 12 months

e)

For trading

4.

If a company receives an advance payment from a customer of Rp100,000,000 for 5 months of service, how should the initial recording be made?

a)

Revenue of Rp100,000,000

b)

Liability of Rp100,000,000

c)

Non-current asset of Rp100,000,000

d)

Revenue not yet received of Rp20,000,000

e)

Receivable of Rp100,000,000

5.

What category do obligations arising from formal contractual relationships, which usually incur interest, fall into?

a)

Operational

b)

Provision

c)

Financing

d)

Contingency

e)

Accrual

6.

The company purchased goods for Rp50,000,000 plus 11% VAT. Based on PSAK 14, the recorded inventory value is?

a)

Rp50,000,000

b)

Rp55,000,000

c)

Rp5,500,000

d)

Rp45,000,000

e)

Rp0 (not recorded until VAT is credited)

7.

At the end of the year, it is known that the company has not paid salaries amounting to Rp75,000,000. In the financial statements, this is recorded as?

a)

Prepaid salary expense

b)

Salary receivable

c)

Long-term employee benefits

d)

Deferred revenue

e)

Salaries payable

8.

In the context of liability reporting according to PSAK 1, non-financial industries are required to separate short-term and long-term liabilities based on:

a)

Nominal value

b)

Order of payment

c)

Order of liquidity

d)

Settlement period

e)

Interest cost

9.

Which of the following is a short-term operational obligation?

a)

Accounts payable

b)

Trade payables

c)

Bonds payable

d)

Long-term bank loans

e)

Share capital

10.

If PT DigitalWeb receives a payment from a client of Rp18,000,000 for 12 months of service, and only 1 month of service has been performed, how much revenue is recognized at the end of the first month?

a)

Rp18,000,000

b)

Rp1,500,000

c)

Rp2,000,000

d)

Rp3,000,000

e)

Rp15,000,000