Komunitas @JagoAkuntansi Indonesia QUIZ 1
Subject : Financial Statement Examiner : Fadly Alwahdy Date : Saturday, 10 September 2016 ====================================== ==================== ===================================== =================== So!e ame : !ahman Sa"ii Sa"ii #ni$er%ity : #ni$er%ita% Sultan A&en& 'irtaya%a Seme%ter :( CLOSEBOOKS
====================================== ==================== ===================================== =================== Question 1 )hich *" the "*ll*win& i% a re+uired "inancial %tatement Statement *" -a%h Fl*w% Statement *" Audit*r .ndependence Statement *" 'an&ible E+uity Statement *" !e$enue% and Expenditure% Statement *" A%%et% and /iabilitie%
Question 2 )hich *" the "*ll*win& i% an a%%et chec all that apply *te% 3ayable 3repaid !ent -*mm*n St*c -a%h !etained Earnin&%
Question 3 )hat are Endin& !etained Earnin&% in the table bel*w '*tal A%%et% 40 0 '*tal /iabilitie% 12 0 '*tal St*ch*lder%5 E+uity 7e&inni nnin& !etain ained Ea Earni rnin&% n&% 40 Endin& !etained Earnin&% ? Di$idend% 10 !e$enue% 18 0 Expen%e% 19 0 et .nc*me -a%h (0
0 (0 20 *t en*u&h in"*rmati*n 20
Question " )hich *" the "*ll*win& tran%acti*n% $i*late% the balance %heet e+uati*n chec all that apply .ncrea%e ca%h and reduce in$ent*ry a n*nca%h a%%et .ncrea%e re$enue% and reduce a liability .ncrea%e ca%h and reduce a liability .ncrea%e ca%h and increa%e an expen%e !educe ca%h and reduce a liability
Question # )hich *" the "*ll*win& are liabilitie% chec all that apply -*mm*n St*c Salarie% 3ayable !etained Earnin&% Empl*yment -*ntract% 3repaid !ent
Question $ )hich *" the "*ll*win& acc*unt% w*uld be increa%ed with a -redit chec all that apply .n$ent*ry Additi*nal 3aidin -apital *te% 3ayable !e$enue 3repaid !ent
Question % )hich *" the%e j*urnal entrie% repre%ent payin& ca%h t* reduce a liability chec all that apply Dr; -a%h 1000 -r; *te% 3ayable Dr; /and
100
1000
-r; -a%h
100
Dr; .nc*me 'axe% 3ayable -r; -a%h Dr; -a%h 400 -r; Acc*unt% 3ayable Dr; !etained Earnin&% -r; -a%h
(00 (00
400
(00 (00
Question & )hich j*urnal entry re"lect% the "*ll*win& tran%acti*n: 7<- %*ld 10,000 %hare% *" 1 par $alue %t*c t* in$e%t*r% "*r ( per %hare; Dr; -a%h 10,000 -r; -*mm*n St*c
10,000
Dr; -a%h (0,000 -r; -*mm*n St*c 90,000 -r; Additi*nal 3aidin -apital 10,000 Dr; -a%h (0,000 -r; -*mm*n St*c 10,000 -r; Additi*nal 3aidin -apital 90,000 Dr; -a%h (0,000 -r; -*mm*n St*c (0,000 Dr; -*mm*n St*c 10,000 Dr; Additi*nal 3aidin -apital 90,000 -r; -a%h (0,000
Question ' )hich j*urnal entry re"lect% the "*ll*win& tran%acti*n: 7<- b*u&ht a (,000 piece *" e+uipment with ca%h; Dr; -a%h (,000 -r; E+uipment (,000 Dr; .n$ent*ry -r; -a%h
(,000 (,000
Dr; -a%h (,000 -r; .n$ent*ry (,000 Dr; 3repaid Expen%e (,000 -r; -a%h (,000
Dr; E+uipment (,000 -r; -a%h (,000
Question 1( )hich j*urnal entry re"lect% the "*ll*win& tran%acti*n: 7<- paid 4,000 up"r*nt "*r next year>% rent; Dr; 3repaid !ent -r; -a%h
4,000 4,000
Dr; !ent !e$enue -r; -a%h
4,000 4,000
Dr; !ent Expen%e -r; -a%h
4,000 4,000
Dr; -a%h 4,000 -r; !ent Expen%e 4,000 Dr; -a%h -r; 3repaid !ent
4,000 4,000
Question 11 )hich *" the%e tran%acti*n% w*uld pr*duce 10,000 *" re$enue in December chec all that apply 7<- deli$ered 10,000 *" &**d% in December t* cu%t*mer% that *rdered them and ha$e 40 day% t* pay "*r them; 7<- c*llected 10,000 *" ca%h in December "r*m cu%t*mer% wh* recei$ed &**d% in *$ember; 7<- %i&ned a c*ntract t* deli$er 10,000 *" &**d% t* a cu%t*mer in ?anuary; 7<- deli$ered 10,000 *" &**d% in December t* a cu%t*mer that paid a 10,000 ca%h dep*%it in *$ember; 7<- c*llected a 10,000 dep*%it in December "*r &**d% it will %hip in ?anuary;
Question 12 )hich *" the%e tran%acti*n% w*uld pr*duce 10,000 *" expen%e% in December chec all that apply 7<- pay% it% ad$erti%in& a&ency 10,000 in December "*r ad% that ran in December; 7<- pay% it% audit*r 12,000 in December "*r all *" the w*r the audit*r per"*rmed durin& the year; 7<- pay% 10,000 in ca%h di$idend% in December; 7<- recei$e% a 10,000 in$*ice "r*m it% lawyer% "*r %er$ice% per"*rmed in December; 'he bill i% due in ?anuary; 7<- hire% a new -<< in December t* %tart w*r in ?anuary; 'he -<< will be paid 10,000 per m*nth;
Question 13 )hich j*urnal entry re"lect% the "*ll*win& tran%acti*n: 7<- recei$e% a 2,000 ca%h dep*%it "r*m a cu%t*mer "*r cu%t*m &**d% that will be deli$ered next year; Dr; -a%h 2,000 -r; !e$enue 2,000 Dr; -a%h 2,000 -r; Ad$ance% "r*m -u%t*mer%
2,000
Dr; -a%h 2,000 -r; .n$ent*ry 2,000 Dr; Dep*%it% 2,000 -r; Future !e$enue
2,000
Dr; Ad$ance% "r*m -u%t*mer% -r; -a%h
2,000 2,000
Question 1" )hich j*urnal entry% re"lect% the "*ll*win& tran%acti*n: 7<- recei$ed (,000 *" ca%h "r*m a cu%t*mer wh* t** deli$ery *" &**d% that *ri&inally c*%t 7<- 9,000 t* ac+uire; Dr; -a%h (,000 -r; !e$enue (,000 Dr; -*%t *" @**d% S*ld 9,000 -r; .n$ent*ry 9,000 Dr; -a%h (,000 -r; .n$ent*ry -r; !e$enue
9,000 1,000
Dr; -a%h (,000 -r; !e$enue (,000 Dr; Acc*unt% 3ayable 9,000 -r; .n$ent*ry 9,000 Dr; -a%h (,000 -r; !e$enue (,000 Dr; -a%h (,000 -r; .n$ent*ry (,000
Question 1# *w much annual depreciati*n expen%e w*uld be rec*&niBed "*r a truc that *ri&inally c*%t 40,000 and ha% an e%timated u%e"ul li"e *" ( year% with a (,000 %al$a&e $alue ,000 10,000 4,444 (,000 6,000
Question 1$ )hich j*urnal entry re"lect% the adju%tin& entry needed *n December 41: .t i% December 41, the end *" the "i%cal year; Durin& December, empl*yee% earned C00,000 in %alarie%, but paychec% d* n*t &et i%%ued until ?anuary 2; Dr; Salary Expen%e -r; -a%h Dr; -a%h C00,000 -r; Salarie% 3ayable
C00,000 C00,000
C00,000
* entry i% needed; Dr; Salary Expen%e C00,000 -r; Salarie% 3ayable C00,000 Dr; Salarie% 3ayable -r; -a%h
C00,000 C00,000
Question 1% )hich j*urnal entry re"lect% the adju%tin& entry needed *n December 41: /a%t year, 7<- purcha%ed %*"tware "*r 10,000; 'he expected li"e *" the %*"tware i% 2 year% and it ha% n* expected %al$a&e $alue; *w, it i% December 41, the end *" the "i%cal year; * *ther entrie% were rec*rded "*r thi% %*"tware durin& the year; * entry needed; Dr; S*"tware Am*rtiBati*n Expen%e -r; -a%h
(,000 (,000
Dr; S*"tware Am*rtiBati*n Expen%e -r; S*"tware !e$enue
(,000 (,000
Dr; S*"tware Am*rtiBati*n Expen%e -r; Accumulated Depreciati*n
(,000 (,000
Dr; S*"tware Am*rtiBati*n Expen%e -r; S*"tware
(,000 (,000
Question 1& )hich j*urnal entry re"lect% the adju%tin& entry needed *n December 41: .n September, 7<- recei$ed an *rder "*r (00,000 *" pr*duct% that will be deli$ered and billed in ?anuary; *w, it i% December 41, the end *" the "i%cal year, and n* pri*r entry ha% been rec*rded "*r thi% *rder; Dr; Ad$ance% "r*m -u%t*mer% (00,000 -r !e$enue (00,000 * entry needed; Dr; Acc*unt% !ecei$able (00,000 -r !e$enue (00,000 Dr;
(00,000 (00,000
Dr; Acc*unt% !ecei$able (00,000 -r #nearned !e$enue (00,000
Question 1' )hich item w*uld n*t appear *n a 7alance Sheet .ntere%t 3ayable Acc*unt% !ecei$able !etained Earnin&% @r*%% 3r*"it 3repaid expen%e%
Question 2( )hich *" the "*ll*win& are temp*rary acc*unt% chec all that apply Di$idend% 3ayable .nc*me 'ax Expen%e !etained Earnin&% Sale% !e$enue -*%t *" @**d% S*ld )*e dead+ine ,o! om-+eting t*e .ui/ is 110#'0(( -m IB on Se-teme! 11 2(1$4 )*e ans5e! s*eet *as to sent to 5adi!mik46agoakuntansi@gmai+4om di!ektu!46agoakuntansi@gmai+4om
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