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Quiz Ekuitas dan Modal

Total questions: 52

Worksheet time: 26mins

Name
Class
Date
1.

Equity of an individual entity is often referred to as ...

a)

Gross profit

b)

Owner's equity

c)

Long-term liabilities

d)

Current assets

e)

Other income

2.

The owner's residual claim on assets after deducting all liabilities is called ...

a)

Net profit

b)

Fixed assets

c)

Equity

d)

Liabilities

e)

Working capital

3.

Initial capital is ...

a)

First net profit of the business

b)

Money borrowed from the bank

c)

Owner's first investment in the business

d)

All business income

e)

Withdrawal of assets for personal use

4.

An example of additional capital contribution is ...

a)

Paying electricity bills

b)

Buying supplies on credit

c)

Owner adds cash capital of Rp 5,000,000

d)

Selling products to customers

e)

Paying employee salaries

5.

Withdrawal of money or assets by the owner for personal use is called ...

a)

Net profit

b)

Prive

c)

Capital contribution

d)

Liabilities

e)

Income

6.

The following are included in sole proprietorship businesses of trade ...

a)

Laundry services

b)

Beauty salon

c)

Grocery store

d)

Translation services

e)

Motorcycle workshop

7.

A food stall falls into the category of business ...

a)

Service

b)

Trade

c)

Large industry

d)

Mining

e)

Export-import

8.

A home workshop is classified as a type of business ...

a)

Trade

b)

Service

c)

Agriculture

d)

Banking

e)

Hospitality

9.

A batik craftsman is categorized as a business ...

a)

Trade

b)

Small industry

c)

Agriculture

d)

Service

e)

Mining

10.

Profit will cause equity to ...

a)

Remain

b)

Decrease

c)

Not change

d)

Increase

e)

Disappear

11.

Loss will cause equity to ...

a)

Increase

b)

Remain

c)

Decrease

d)

Not affected

e)

Increase

12.

Prive affects equity by ...

a)

Increasing assets

b)

Adding capital

c)

Decreasing equity

d)

Not affecting equity

e)

Decreasing liabilities

13.

Purchasing supplies in cash will ...

a)

Decrease equity

b)

Increase equity

c)

Not affect equity

d)

Decrease liabilities

e)

Decrease income

14.

Income from services received in cash will cause ...

a)

Cash increases, equity increases

b)

Cash increases, equity decreases

c)

Cash decreases, equity remains

d)

Cash decreases, equity increases

e)

Cash remains, equity increases

15.

The report that presents changes in owner's equity over a certain period is ...

a)

Income Statement

b)

Balance Sheet

c)

Statement of Changes in Equity

d)

Cash Flow Statement

e)

Financial Position Statement

16.

Transaction: The owner deposits cash of Rp 10,000,000 as initial capital. The impact on equity is ...

a)

Decrease by Rp 10,000,000

b)

Increase by Rp 10,000,000

c)

No change

d)

Increase by Rp 5,000,000

e)

Decrease by Rp 5,000,000

17.

Transaction: Paying employee salaries of Rp 1,500,000. The impact on equity is ...

a)

Increase by Rp 1,500,000

b)

Decrease by Rp 1,500,000

c)

No change

d)

Increase by Rp 3,000,000

e)

Decrease by Rp 3,000,000

18.

Transaction: The owner takes cash of Rp 300,000 for personal use. The type of account affected is ...

a)

Income

b)

Liabilities

c)

Prive

d)

Fixed assets

e)

Inventory

19.

Purchasing equipment on credit affects ...

a)

Assets and Liabilities

b)

Assets and Equity

c)

Equity and Liabilities

d)

Income and Equity

e)

Liabilities and Income

20.

Purchasing equipment on credit affects ...

a)

Assets and Liabilities

b)

Assets and Equity

c)

Equity and Liabilities

d)

Revenue and Equity

e)

Liabilities and Revenue

21.

Which of the following is not included in individual service businesses?

a)

Laundry services

b)

Graphic design services

c)

Beauty salon

d)

Grocery store

e)

Motorcycle repair shop

22.

Cash sales of merchandise will affect ...

a)

Cash increases, equity increases

b)

Cash increases, equity decreases

c)

Cash decreases, equity increases

d)

Cash decreases, equity decreases

e)

Cash remains, equity increases

23.

If revenue is greater than expenses, the company experiences ...

a)

Loss

b)

Profit

c)

Break-even

d)

Deficit

e)

Decrease in equity

24.

The statement of changes in equity is usually prepared after ...

a)

Cash flow statement

b)

Income statement

c)

Balance sheet

d)

Closing journal

e)

Ledger

25.

The owner adds capital by providing a vehicle worth Rp 20,000,000. The correct recording is ...

a)

Vehicle (D) / Cash (K)

b)

Vehicle (D) / Owner's Capital (K)

c)

Cash (D) / Owner's Capital (K)

d)

Owner's Capital (D) / Vehicle (K)

e)

Vehicle (D) / Drawings (K)

26.

In the statement of changes in equity, drawings are recorded as ...

a)

Addition to capital

b)

Reduction of capital

c)

Liability

d)

Expense

e)

Revenue

27.

The profit earned will go to the account ...

a)

Other income

b)

Owner's capital

c)

Liabilities

d)

Drawings

e)

Expenses

28.

An example of an individual agricultural business is ...

a)

Retail seller

b)

Vegetable farmer in the village

c)

Photography service

d)

Wood craftsman

e)

Online trader

29.

Cash paid for electricity will ...

a)

Reduce cash, reduce equity

b)

Reduce cash, increase equity

c)

Increase cash, increase equity

d)

Not affect equity

e)

Reduce liabilities

30.

Laundry services are categorized as ...

a)

Trade

b)

Service

c)

Large industry

d)

Agriculture

e)

Banking

31.

Withdrawal of capital by the owner for personal interests will be recorded in the account ...

a)

Expense

b)

Drawings

c)

Revenue

d)

Initial capital

e)

Cash inflow

32.

Transaction: Service revenue Rp 5,000,000, salary expense Rp 1,500,000, drawings Rp 500,000. The net change in equity is ...

a)

Increase by Rp 5,000,000

b)

Increase by Rp 3,500,000

c)

Increase by Rp 4,500,000

d)

Increase by Rp 2,000,000

e)

Remain the same

33.

The owner contributes merchandise worth Rp 7,000,000 as additional capital. The correct recording is ...

a)

Inventory (D) / Capital (K) Rp 7,000,000

b)

Cash (D) / Capital (K) Rp 7,000,000

c)

Inventory (D) / Drawings (K) Rp 7,000,000

d)

Capital (D) / Inventory (K) Rp 7,000,000

e)

Expense (D) / Inventory (K) Rp 7,000,000

34.

If the initial capital is Rp 50,000,000, additional deposit Rp 10,000,000, profit Rp 5,000,000, drawings Rp 3,000,000, then the final capital is ...

a)

Rp 65,000,000

b)

Rp 62,000,000

c)

Rp 68,000,000

d)

Rp 70,000,000

e)

Rp 60,000,000

35.

The statement of changes in equity contains the following information, except ...

a)

Initial capital

b)

Profit or loss

c)

Additional deposits

d)

Long-term liabilities

e)

Drawings

36.

Payment of accounts payable in cash will ...

a)

Reduce cash, reduce equity

b)

Reduce cash, reduce liabilities

c)

Increase cash, reduce equity

d)

Increase cash, increase liabilities

e)

Not affect cash

37.

What is the effect of cash on equity?

a)

Reducing cash, reducing equity

b)

Reducing cash, reducing liabilities

c)

Increasing cash, reducing equity

d)

Increasing cash, increasing liabilities

e)

No effect on cash

38.

Equity changes can occur due to all of the following factors, except ...

a)

Profit

b)

Loss

c)

Additional deposits

d)

Drawings

e)

Prepaid expenses

39.

In the accounting equation, equity can be calculated using the formula ...

a)

Assets + Liabilities

b)

Assets - Liabilities

c)

Liabilities - Assets

d)

Assets × Liabilities

e)

Assets ÷ Liabilities

40.

If assets are Rp 80,000,000 and liabilities are Rp 30,000,000, then equity is ...

a)

Rp 50,000,000

b)

Rp 80,000,000

c)

Rp 30,000,000

d)

Rp 110,000,000

e)

Rp 40,000,000

41.

The effect of drawings on financial statements is ...

a)

Reducing profit and loss

b)

Reducing capital in the statement of changes in equity

c)

Increasing revenue

d)

Increasing liabilities

e)

Reducing assets without affecting capital

42.

If losses are greater than additional deposits, then capital ...

a)

Must increase

b)

Must decrease

c)

Does not change

d)

Will be the same as profit

e)

Becomes negative

43.

The owner withdraws supplies worth Rp 1,000,000 for personal use. The impact is ...

a)

Reducing assets and equity

b)

Reducing assets and liabilities

c)

Reducing equity and liabilities

d)

Increasing assets and equity

e)

Increasing liabilities

44.

The statement of changes in equity will not show ...

a)

Capital additions

b)

Capital reductions

c)

Net profit

d)

List of assets

e)

Ending capital balance

45.

Ending capital can be calculated using the formula ...

a)

Beginning capital + Profit - Drawings

b)

Beginning capital - Profit + Drawings

c)

Beginning capital + Drawings - Profit

d)

Beginning capital + Liabilities

e)

Beginning capital + Assets

46.

If the beginning capital is Rp 40,000,000, profit is Rp 6,000,000, and drawings are Rp 4,000,000, then the ending capital is ...

a)

Rp 46,000,000

b)

Rp 42,000,000

c)

Rp 44,000,000

d)

Rp 50,000,000

e)

Rp 38,000,000

47.

Transaction: Receiving service revenue of Rp 8,000,000 and paying electricity expenses of Rp 2,000,000. The increase in net equity is ...

a)

Rp 8,000,000

b)

Rp 6,000,000

c)

Rp 10,000,000

d)

Rp 4,000,000

e)

Rp 2,000,000

48.

If drawings are greater than profit, then ending capital ...

a)

Will decrease

b)

Will increase

c)

Does not change

d)

Will be the same as beginning capital

e)

Will become zero

49.

Equity calculation using the direct method is obtained from ...

a)

Net profit minus drawings

b)

Assets minus liabilities

c)

Revenue minus expenses

d)

Beginning capital plus additional deposits

e)

Expenses plus drawings

50.

Beginning capital Rp 25,000,000, profit Rp 7,000,000, drawings Rp 5,000,000, additional deposits Rp 3,000,000. The ending capital is ...

a)

Rp 30,000,000

b)

Rp 28,000,000

c)

Rp 32,000,000

d)

Rp 35,000,000

e)

Rp 26,000,000

51.

The following factor does not cause an increase in equity ...

a)

Profit

b)

Additional deposits

c)

Revenue

d)

Drawings

e)

Cash sales

52.

A sole proprietorship usually has the advantage of ...

a)

Large capital from many investors

b)

Simple establishment process

c)

Limited liability

d)

Managed by a board of directors

e)

Shares can be traded

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