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WorksheetsContoh Soal Akuntansi
Total questions: 95
Worksheet time: 50mins
Accounting is the process of:
Collecting and recording the company's economic data only
Identifying, recording, and communicating economic information
Paying the company's debts
Determining the market value of a product
The financial statement that shows the financial position of an entity at a specific point in time is:
Income Statement
Statement of Changes in Equity
Balance Sheet
Cash Flow Statement
The following transaction will increase assets and equity:
Payment of accounts payable
Owner's investment in cash
Purchase of supplies on credit
Payment of employee salaries
If the company buys supplies worth Rp5,000,000 in cash, then:
Assets increase and equity increases
Assets increase and liabilities increase
Assets increase and assets decrease
Equity increases and liabilities decrease
Which of the following is included in real/permanent accounts?
Service revenue
Salary expense
Cash
Rent expense
In the basic accounting equation, if assets increase by Rp10,000,000 and liabilities remain the same, then:
Equity decreases by Rp10,000,000
Equity remains the same
Equity increases by Rp10,000,000
Assets also decrease by Rp10,000,000
The following account is included in the liabilities group:
Capital
Accounts Receivable
Unearned Revenue
Salary Expense
General journals are used to record:
Only cash transactions
Only purchase transactions
All financial transactions that occur
Only sales transactions
The following is not a fundamental principle in accounting:
Historical Cost Principle
Revenue Recognition Principle
Conservatism Principle
Economic Entity Principle
The company receives revenue of Rp2,000,000 in cash. The impact of this transaction is:
Assets increase, revenue increases
Assets increase, expenses increase
Assets increase, liabilities increase
Assets decrease, revenue increases
The following transaction will cause an increase in the expense account:
Payment of employee salaries
Additional investment from the owner
Payment of accounts payable
Purchase of equipment on credit
The following account has a normal balance on the debit side, except:
Cash
Accounts Receivable
Electricity Expense
Accounts Payable
If a company pays rent of Rp6,000,000 for 3 months in advance, then this transaction will be recorded as:
Rent expense
Rent revenue
Prepaid rent
Rent payable
The revenue account has a normal balance on the side of:
Debit
Credit
Left
Debit and credit
In the accounting cycle process, the step taken after the adjusting journal is:
Preparing financial statements
Preparing general journal
Preparing adjusted trial balance
Closing accounts
The inventory recording method that records every transaction of goods in and out directly into the inventory account is:
Periodic method
Perpetual method
Physical method
Consignment method
In the periodic method, inventory purchases will be recorded in the account:
Inventory
Cost of Goods Sold
Purchases
Accounts Receivable
If the price of goods rises over time, the inventory valuation method that will yield the highest net profit is:
FIFO
LIFO
Weighted average
Retail method
If prices rise, which inventory valuation method will yield the highest net profit?
FIFO
LIFO
Weighted average
Retail method
In the FIFO method, the first goods purchased are considered as:
Goods that are stored
Goods sold first
Damaged goods
Goods sold last
In the LIFO method, the impact on the ending inventory value when prices rise is:
High value
Same as FIFO
Low value
Unchanged
A company uses a periodic method. The data shows: Beginning inventory = Rp10,000,000, Purchases during the period = Rp40,000,000, Ending inventory = Rp8,000,000. What is the Cost of Goods Sold (COGS)?
Rp42,000,000
Rp50,000,000
Rp38,000,000
Rp40,000,000
In a perpetual system, when a sale occurs, the affected accounts are:
Only sales account
Sales and receivables
Sales and cash
Sales and COGS and inventory
In the perpetual method, when a company purchases merchandise on credit, the journal entry recorded is:
Dr. Inventory ........... xxx Cr. Cash ...................... xxx
Dr. Purchases ........... xxx Cr. Accounts Payable ...... xxx
Dr. Inventory ........... xxx Cr. Accounts Payable ...... xxx
Dr. Cost of Goods Sold ........... xxx Cr. Inventory ............................. xxx
In the weighted average method, each time a sale occurs, the COGS is determined based on:
First purchase price
Last purchase price
Average of all purchase prices
Market value
Here is the inventory data: Date Transaction Unit Price/Unit 1 Jan Beginning inventory 100 Rp10,000 5 Jan Purchase 50 Rp12,000 10 Jan Sale 80 - If using the FIFO method, what is the COGS for the sale of 80 units on January 10?
Rp800,000
Rp820,000
Rp860,000
Rp880,000
If a company wants to save on taxes when prices rise, the method that tends to be chosen is:
FIFO
LIFO
Average
Specific identification method
A cash sale of goods amounting to Rp5,000,000 in a perpetual system will be recorded with the journal:
Dr. Cash ................................ Rp5,000,000 Cr. Sales ...................... Rp5,000,000
Dr. Cash ................................ Rp5,000,000 Cr. Sales ...................... Rp5,000,000 Dr. COGS ............................... Rp3,000,000 Cr. Inventory ..................... Rp3,000,000
Dr. Sales ............................... Rp5,000,000 Cr. Cash ............................ Rp5,000,000
Dr. COGS ............................... Rp5,000,000 Cr. Inventory ..................... Rp5,000,000
Accounts receivable arise from:
Cash sales
Purchase of fixed assets
Credit sales
Payment of electricity bills
The account used to record the estimated uncollectible receivables is:
Uncollectible Receivables Expense
Allowance for Doubtful Accounts
Accounts Receivable
Investment Loss
If the direct method is used to record uncollectible receivables, the journal for its write-off is:
What is the term for uncollectible receivables?
Allowance for Uncollectible Receivables
Loss Allowance for Receivables
Accounts Receivable
Investment Loss
If the direct method is used to record uncollectible receivables, what is the journal entry for its write-off?
Dr. Uncollectible Receivables Expense .......... xxx Cr. Allowance for Uncollectible Receivables ................ xxx
Dr. Allowance for Uncollectible Receivables .......... xxx Cr. Accounts Receivable ............................... xxx
Dr. Uncollectible Receivables Expense .......... xxx Cr. Accounts Receivable ............................... xxx
Dr. Accounts Receivable .................................. xxx Cr. Revenue .................................. xxx
What is the main difference between the direct method and the allowance method in recording uncollectible receivables?
Amount of receivables
Timing of loss recognition
Value of fixed assets
Impact on salary expense
What is the adjusting journal entry to record the estimated uncollectible receivables using the allowance method?
Dr. Accounts Receivable .......................... xxx Cr. Allowance for Uncollectible Receivables .......... xxx
Dr. Uncollectible Receivables Expense .......... xxx Cr. Allowance for Uncollectible Receivables .......... xxx
Dr. Uncollectible Receivables Expense .......... xxx Cr. Accounts Receivable ............................... xxx
Dr. Allowance for Uncollectible Receivables .......... xxx Cr. Cash ................................................ xxx
If a receivable of Rp2,000,000 that was previously written off is successfully collected, what is the journal entry made?
Dr. Cash .................................... Rp2,000,000 Cr. Other Income .... Rp2,000,000
Dr. Accounts Receivable ................... Rp2,000,000 Cr. Cash .................................... Rp2,000,000
Dr. Accounts Receivable ................... Rp2,000,000 Cr. Allowance for Uncollectible Receivables ... Rp2,000,000 Dr. Cash ......................................... Rp2,000,000 Cr. Accounts Receivable ................... Rp2,000,000
Dr. Cash ......................................... Rp2,000,000 Cr. Accounts Receivable ................... Rp2,000,000 Dr. Uncollectible Receivables Expense ... Rp2,000,000 Cr. Allowance for Uncollectible Receivables ... Rp2,000,000
The estimated uncollectible receivables amount to 3% of credit sales of Rp100,000,000. What is the adjusting journal entry?
Dr. Allowance for Uncollectible Receivables ........ Rp3,000,000 Cr. Accounts Receivable ................................ Rp3,000,000
Dr. Accounts Receivable ................................. Rp3,000,000 Cr. Revenue ..................................... Rp3,000,000
Dr. Uncollectible Receivables Expense ........ Rp3,000,000 Cr. Allowance for Uncollectible Receivables .... Rp3,000,000
Dr. Uncollectible Receivables Expense ........ Rp3,000,000 Cr. Accounts Receivable ................................. Rp3,000,000
In the aging analysis of receivables, the longer the receivables remain uncollected, then:
The chance of collectability increases
It does not affect the allowance value
The chance of uncollectible receivables increases
It needs to be written off immediately
The method of assessing uncollectible receivables based on the age of receivables is also called:
Direct method
Global allowance method
Ending balance analysis method
Aging analysis method
Which of the following is not a characteristic of promissory notes?
Has a specific time period
Can accrue interest
Cannot be transferred
Has a specific nominal value
If the company receives a bill of exchange for 3 months worth Rp10,000,000 with an interest of 12% per year, what is the amount of interest received at maturity?
Rp300,000
Rp360,000
Rp1,200,000
Rp1,000,000
If accounts receivable of Rp5,000,000 are considered uncollectible and written off, what is the impact on the financial statements?
Expenses increase, assets decrease
Revenue increases
Equity increases
Liabilities decrease
Which of the following is included in fixed assets?
Accounts receivable
Land
Inventory
Cash
Which of the following is not included in the acquisition cost of fixed assets?
Purchase price
Freight costs
Purchase tax
Annual maintenance costs
A machine is purchased for Rp50,000,000. Installation costs Rp2,000,000 and freight costs Rp1,000,000. What is the acquisition cost?
Rp50,000,000
Rp51,000,000
Rp52,000,000
Rp53,000,000
Depreciation is:
Decrease in market value of assets
The process of allocating the cost of fixed assets over their useful life
Adjustment to debt
Decrease in capital due to loss
Fixed assets that are not depreciated are:
Buildings
Machines
Land
Vehicles
The depreciation method that results in the same depreciation expense each year is:
Declining balance method
Straight-line method
Units of production method
Depletion method
The residual value of a fixed asset is:
Initial book value
Current market value
Estimated value at the end of useful life
Insurance value
A vehicle is purchased for Rp80,000,000, with a useful life of 5 years and a residual value of Rp5,000,000. What is the annual depreciation expense using the straight-line method?
Rp15,000,000
Rp16,000,000
Rp75,000,000
Rp20,000,000
If a fixed asset is sold and generates a profit, where is that profit recorded?
Cash
Revenue
Profit from Sale of Fixed Assets
Revaluation Reserve
Fixed assets are classified in financial statements as:
Long-term liabilities
Investments
Current assets
Non-current assets
When a fixed asset is sold, the value recorded as the basis for calculating profit or loss is:
Current market value
Initial purchase price
Book value at the time of sale
Residual value
A machine is purchased for Rp100,000,000, has been depreciated by Rp60,000,000, and is sold for Rp50,000,000. What happens?
There is a loss of Rp10,000,000
There is a profit of Rp10,000,000
There is no profit/loss
There is a profit of Rp60,000,000
The journal for the sale of fixed assets with profit includes:
Dr. Cash xxx Dr. Accumulated Depreciation xxx Cr. Fixed Asset xxx Cr. Profit from Sale of Fixed Assets xxx
Dr. Cash xxx Dr. Fixed Asset xxx Cr. Profit from Sale of Fixed Assets xxx
Dr. Fixed Asset xxx Cr. Cash xxx Cr. Revenue xxx
Dr. Cash xxx Dr. Accumulated Depreciation xxx Cr. Fixed Asset
A vehicle with a purchase price of Rp120,000,000 and accumulated depreciation of Rp90,000,000 is sold for Rp25,000,000. What is the correct journal entry?
Dr. Cash 25,000,000 Dr. Accumulated Depreciation 90,000,000 Cr. Vehicle 120,000,000 Cr. Gain on Sale of Fixed Assets 5,000,000
Dr. Cash 25,000,000 Dr. Accumulated Depreciation 90,000,000 Dr. Loss on Sale of Fixed Assets 5,000,000 Cr. Vehicle 120,000,000
Dr. Cash 25,000,000 Dr. Accumulated Depreciation 90,000,000 Cr. Vehicle 115,000,000 Cr. Gain on Sale of Fixed Assets 5,000,000
Dr. Cash 25,000,000 Dr. Vehicle 120,000,000 Cr. Accumulated Depreciation 90,000,000 Cr. Gain on Sale of Fixed Assets 5,000,000
If fixed assets are sold below their book value, then:
Recognized as other income
Recorded as depreciation expense
Recorded as loss on sale of assets
Not recorded in the journal
Which of the following is included in short-term debt?
Bank debt for 5 years
10-year bonds
Trade payables
Prepaid rent
Short-term debt usually matures within:
More than one year
Less than one month
One year or the normal operating cycle of the company
Five years
The company receives goods from the supplier worth Rp25,000,000 with terms 2/10, n/30. If payment is made within 8 days, what is the amount paid?
Rp25,000,000
Rp24,500,000
Rp24,000,000
Rp23,000,000
When the company records unpaid salary liabilities, the journal entry is:
Dr. Cash xxx Cr. Salary Expense xxx
Dr. Salary Expense xxx Cr. Salary Payable xxx
Dr. Prepaid Salary xxx Cr. Cash xxx
Dr. Salary Payable xxx Cr. Salary Expense xxx
If a company has short-term notes payable, it usually incurs:
Sales discount
Interest
Dividends
Depreciation
Accounts payable will increase if:
The company pays its debts
The company purchases goods for cash
The company purchases goods on credit
The company receives payment for receivables
At the time of paying accounts payable, the effect on the financial statements is:
Assets increase, liabilities decrease
Assets decrease, liabilities decrease
Assets decrease, equity increases
Equity decreases, liabilities increase
If the company records unpaid interest liabilities, the accounts used are:
Interest Expense and Cash
Payable
Jika perusahaan mencatat utang bunga yang belum dibayar, maka akun yang digunakan adalah:
Beban bunga dan kas
Utang usaha dan beban bunga
Beban bunga dan utang bunga
Kas dan utang bunga
Perusahaan menandatangani wesel jangka pendek Rp10.000.000, bunga 12% per tahun, jangka waktu 3 bulan. Berapa bunga yang harus dibayar saat jatuh tempo?
Rp300.000
Rp1.200.000
Rp1.000.000
Rp400.000
Saat perusahaan mencatat penerbitan wesel jangka pendek, maka jurnalnya adalah:
Dr. Kas ...................................... xxx Cr. Wesel Bayar ........................ xxx
Dr. Utang Usaha ........................ xxx Cr. Kas ...................................... xxx
Dr. Beban Bunga ......................... xxx Cr. Wesel Bayar ........................ xxx
Dr. Wesel Bayar ........................... xxx Cr. Beban Bunga ....................... xxx
Utang wesel jangka pendek akan dilaporkan dalam neraca sebagai:
Ekuitas
Kewajiban tidak lancar
Aset tetap
Kewajiban lancar
Perbedaan utama antara utang usaha dan utang wesel adalah:
Utang usaha dikenai bunga, utang wesel tidak
Utang wesel memiliki perjanjian tertulis dan bunga
Utang usaha jangka panjang, utang wesel jangka pendek
Utang wesel tidak dicatat dalam jurnal
Jika wesel jangka pendek jatuh tempo dan dibayar, maka jurnal yang benar adalah:
Dr. Wesel Bayar ....................... xxx Cr. Kas .................................... xxx
Dr. Kas ........................................ xxx Cr. Wesel Bayar ........................ xxx
Dr. Wesel Bayar ....................... xxx Cr. Beban Bunga ..................... xxx
Dr. Utang Usaha ...................... xxx Cr. Kas .................................... xxx
Berikut ini yang bukan termasuk utang jangka pendek adalah:
Wesel bayar 6 bulan
Utang bunga yang belum dibayar
Utang dagang
Hipotek 10 tahun
Jika perusahaan tidak membayar utang jangka pendek tepat waktu, maka dampaknya bisa berupa:
Pendapatan meningkat
Kenaikan aktiva tetap
Penalti atau denda bunga
Penyusutan bertambah
Komponen ekuitas dalam perusahaan perseorangan tidak mencakup:
Modal pemilik
Prive
Laba ditahan
Pendapatan komprehensif lain
Jika pemilik menambah investasi tunai ke perusahaan, maka akun yang bertambah adalah:
Kas dan Prive
Kas dan Modal Pemilik
Modal Pemilik dan Beban
Kas dan Beban
Penarikan dana oleh pemilik dari perusahaan untuk keperluan pribadi disebut:
Pendapatan
Beban
Prive
Modal
Akun prive memiliki saldo normal di sisi:
Kredit
Debit
Kanan
Modal
Berikut ini yang menyebabkan penurunan ekuitas adalah, kecuali:
Beban
Prive
Laba bersih
Rugi
Jurnal untuk mencatat prive oleh pemilik adalah:
Dr. Modal Pemilik .............. xxx Cr. Kas ................................ xxx
Dr. Prive ................................. xxx Cr. Kas .................................. xxx
Dr. Beban Operasional .......... xxx Cr. Kas .................................. xxx
Dr. Kas ...................................... xxx Cr. Prive ................................
If revenue > expenses in a period, what is the impact on equity?
Equity increases
Equity decreases
Equity remains the same
Does not affect equity
In the statement of changes in equity, the correct order is:
Initial capital - prive - profit/loss = final capital
Initial capital + prive - profit/loss = final capital
Initial capital + profit/loss - prive = final capital
Initial capital + expenses + prive = final capital
The company earns a net profit of Rp20,000,000 and the owner withdraws prive of Rp5,000,000. If the initial capital is Rp50,000,000, what is the final capital?
Rp65,000,000
Rp55,000,000
Rp70,000,000
Rp75,000,000
In a partnership company, equity accounts are usually distinguished into:
Joint capital
Owner's capital and investor's capital
Each partner's capital
Collective capital
In a sole proprietorship, the main components of equity are:
Share capital and retained earnings
Owner's capital and prive
Partner's capital and common stock
Dividends and paid-in capital
Equity will increase if there is:
Increased expenses
Increased prive
Net profit
Purchase of fixed assets
In a limited liability company (LLC), the owner's withdrawal of profit is done through:
Prive
Dividends
Retained earnings
Director's salary
The retained earnings account in an LLC shows:
All capital invested
Total assets available
Accumulated profits not distributed
Number of shares outstanding
If the net loss in the current period is Rp10,000,000 and prive is Rp5,000,000, then equity:
Increases by Rp15,000,000
Decreases by Rp15,000,000
Remains unchanged
Increases by Rp5,000,000
The report that describes changes in equity during the accounting period is called:
Income Statement
Balance Sheet
Cash Flow Statement
Statement of Changes in Capital
In the statement of changes in equity, if there is a net loss, then:
Added to initial capital
Deducted from initial capital
No effect
Stored in cash
Final capital can be calculated with the formula:
Initial capital + prive - profit
Initial capital + revenue + prive
Initial capital + profit - prive
Initial capital - revenue - prive
Cash dividends distributed by the company will:
Reduce assets and equity
Increase equity
Increase revenue
Add long-term debt
In a limited liability system, the initial capital deposit by shareholders is recorded in the account:
Prive Capital
Owner's Capital
Share Capital
Investment Capital
Which of the following is not a component of financial statements according to PSAK 1?
Statement of financial position
Statement of changes in equity
Budget realization report
Notes to the financial statements
Which of the following is not a type of PSAK?
Government SAK
General SAK
Banking SAK
Sharia SAK
