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WorksheetsPERENCANAAN TEKNIK KOSNTRUKSI DAN PROPERTI
Total questions: 50
Worksheet time: 25mins
A property business financial report is ...
Record of property marketing activities
Summary of the financial condition of the property business over a specific period
List of house sale prices
Record of the number of project workers
Financial statements are prepared based on the principle of ...
Personal estimates
Generally accepted accounting
Owner decisions
Consumer agreements
The primary information in a property financial report is ...
Building location
Company’s financial condition
Number of workers
Building design
Financial statements are used to determine ...
Building area
Material quality
Financial position and business performance
Aesthetic value of the property
The party that most needs financial statements is ...
Construction workers
Investors and management
Home buyers
Architects
Objective: The main purpose of financial statements is …
Determining building design
Assessing the company's financial performance
Determining the type of property
Determining the project location
Objective: Financial statements help management in …
Decorating property
Making business decisions
Choosing paint color
Deciding the project name
Objective: Investors use financial statements to evaluate …
Building design
Investment returns and risks
Number of rooms
Land area
Objective: The purpose of financial statements for creditors is to know …
Property design
The company's ability to repay debt
Number of employees
Office location
Objective: Financial statements are prepared periodically so that they are …
Easy to alter
Comparable across periods
Able to attract buyers
Able to reduce taxes
Function: Financial statements serve as a tool for …
Promotion
Financial evaluation
Financial statements function as a basis for ...
Determining land prices
Business planning
Making designs
Property marketing
The function of financial statements for a company is to determine ...
Number of buildings
Profit or loss
Property type
Project location
Financial statements can be used as a tool for ...
Entertainment
Management accountability
Decoration
Visual promotion
The function of financial statements for external parties is ...
Assessing the company's financial performance
Managing the project
Drawing floor plans
Determining materials
The report that shows the position of assets, liabilities, and equity is called ...
Income statement
Cash flow statement
Balance sheet
Ledger
The report that shows revenues and expenses is called ...
Balance sheet
Cash flow statement
Income statement
Statement of changes in equity
The cash flow statement contains information about ...
Accounts payable
Cash inflows and outflows
Owner’s equity
Fixed assets
The general ledger functions to ...
Record transactions per account
Prepare tax reports
Record marketing
Calculate selling price
Which financial statement shows changes in equity is ...
Balance sheet
Income statement
Statement of changes in equity
Cash flow statement
The balance sheet is also called ...
Profit report
Statement of financial position
Cash flow statement
Cash book
The main components of the balance sheet are ...
Revenue and expenses
Assets, liabilities, and equity
Cash and bank
Capital and profit
Land and buildings are classified as …
Current assets
Fixed assets
Short-term liabilities
Expenses
Long-term bank debt is classified as …
Assets
Capital
Liabilities
Revenue
Owner’s capital on the balance sheet is included in …
Expenses
Equity
Liabilities
Assets
Income Statement: An income statement serves to determine …
Asset position
Profit or loss
Amount of debt
Cash flows
Income Statement: The primary revenue of a property business comes from …
Employee salaries
Sale or rental of property
Maintenance costs
Bank debt
Income Statement: Property operating expenses include …
Sale of a house
Electricity, water, and maintenance costs
Owner’s capital
Investments
If revenue is greater than expenses, the company experiences …
a loss
break-even
a profit
debt
An income statement is prepared for the period …
every day
a specific period (monthly/annual)
each project
unlimited
Ledger: A ledger contains …
all random transactions
a summary by account
marketing data
employee data
Ledger: A ledger is organized based on …
the general journal
the balance sheet
the income statement
the cash flow statement
Ledger: An example of an account in a ledger is …
house design
cash
project location
building type
Accounts Payable & Receivable: An accounts payable account shows …
the company’s rights
the company’s liabilities
An accounts receivable account indicates ...
Company liabilities
Company’s claim to collect
Operating expense
Owner’s equity
Receivables arise because of ...
Cash purchases
Credit sales
Payment of expenses
Addition of capital
An accounts payable report is useful for ...
Controlling the company’s obligations
Determining profit
Calculating taxes
Managing marketing
An accounts receivable report helps a company to ...
Collect from customers
Calculate fixed assets
Reduce equity
Decide project location
A bank statement is ...
An internal cash record
A transaction report from the bank
The company’s general ledger
An income statement
A bank statement is used for ...
Reconciling the company’s cash records with bank records
Designing building layouts
Recording depreciation of fixed assets
Issuing payroll checks
A bank statement shows transactions of ...
projects
banks
taxes
sales
The balance shown on a bank statement comes from ...
the cash book
bank records
the balance sheet
the general journal
Financial statements must be prepared ...
randomly
systematically and accurately
by estimation
freely
Data in financial statements must be ...
confidential
relevant and reliable
aesthetic
attractive
Financial reports for a property business are usually prepared by ...
the foreman
the finance department
the consumer
marketing
A good financial report should be easy to ...
change
understand
eliminate
manipulate
Errors in financial reports can cause ...
incorrect business decisions
increased profit
greater promotion
more projects
Financial reports are used as a basis for ...
physical construction
evaluation and planning
building design
licensing
Financial reports are prepared based on data ...
estimates
actual transactions
opinions
guesses
Transparency in financial reporting is important to ...
attract buyers
increase trust
reduce costs
add assets
