Đề 6 – Bài tập, đề thi trắc nghiệm online Kế toán tài chính

A A. Assets increase and Equity increases. B B. Assets increase and Liabilities increase. C C. Assets decrease and Liabilities decrease. D D. Assets decrease and Equity decreases.

A A. Purchase of equipment B B. Sale of goods to customers C C. Issuance of bonds payable D D. Payment of salaries

A A. Balance Sheet B B. Income Statement C C. Statement of Cash Flows D D. Statement of Retained Earnings

A A. Assets - Liabilities = Equity B B. Assets + Liabilities = Equity C C. Assets = Liabilities - Equity D D. Revenue - Expenses = Net Income

A A. To correct errors in the initial journal entries. B B. To record daily transactions. C C. To update account balances for accruals and deferrals at the end of an accounting period. D D. To prepare the trial balance.

A A. Investing Activities B B. Financing Activities C C. Operating Activities D D. Non-cash Activities

A A. Understating assets and overstating liabilities and expenses. B B. Overstating assets and understating liabilities and expenses. C C. Recognizing revenues and expenses immediately. D D. Following the most optimistic estimates.

A A. To adjust account balances at the end of the period. B B. To record daily transactions. C C. To transfer balances of temporary accounts to retained earnings and prepare them for the next period. D D. To prepare the trial balance.

A A. FIFO (First-In, First-Out) B B. Weighted-Average C C. Specific Identification D D. LIFO (Last-In, First-Out)

A A. Recognizing revenues when cash is received and expenses when cash is paid. B B. Recognizing revenues when earned and expenses when incurred, regardless of cash flow. C C. Focusing only on cash transactions. D D. Ignoring non-cash transactions.

A A. Liability B B. Equity C C. Asset D D. Expense

A A. Revenue that has been earned but not yet collected in cash. B B. Revenue that has been collected in cash but not yet earned. C C. Revenue that has been earned and collected in cash. D D. An expense related to future revenue.

A A. It allows companies to liquidate assets at market value. B B. It justifies the use of historical cost for asset valuation. C C. It ensures that companies will always be profitable. D D. It guarantees the accuracy of financial statements.

A A. Debt-to-Equity Ratio B B. Current Ratio C C. Profit Margin D D. Return on Assets

A A. Revenue minus all operating expenses. B B. Revenue minus cost of goods sold. C C. Revenue minus all expenses including taxes and interest. D D. Revenue minus sales and marketing expenses.

A A. Assets increase and Equity decreases. B B. Assets decrease and Equity decreases. C C. Assets decrease and Liabilities increase. D D. No impact on the accounting equation.

A A. Relevance B B. Faithful Representation C C. Comparability D D. Complexity

A A. Financial accounting is for internal users; managerial accounting is for external users. B B. Financial accounting follows GAAP; managerial accounting does not have mandatory guidelines. C C. Financial accounting focuses on future projections; managerial accounting focuses on historical data. D D. Financial accounting is optional; managerial accounting is mandatory for all businesses.

A A. To prepare financial statements. B B. To prove that all transactions are correctly recorded. C C. To verify that debits equal credits after journalizing and posting. D D. To calculate net income.

A A. Land B B. Buildings C C. Inventory D D. Equipment

A A. To maximize shareholder wealth. B B. To provide financial information to internal management for decision-making. C C. To provide financial information to external stakeholders for decision-making. D D. To ensure compliance with tax regulations.

A A. Valuing an asset at its market price. B B. Allocating the cost of a tangible asset over its useful life. C C. Accumulating cash to replace an asset. D D. Writing off an asset when its market value declines.

A A. Prepaid Rent B B. Accumulated Depreciation C C. Unearned Revenue D D. Salaries Payable

A A. Cost of Goods Sold will be higher, and Net Income will be lower. B B. Cost of Goods Sold will be lower, and Net Income will be higher. C C. Cost of Goods Sold and Net Income will remain unchanged. D D. Inventory valuation will be lower.

A A. Matching assets with liabilities on the balance sheet. B B. Matching revenues with the expenses incurred to generate those revenues in the same accounting period. C C. Matching cash inflows with cash outflows. D D. Matching the company′s financial statements with industry standards.

A A. Total Equity ∕ Total Debt B B. Total Assets ∕ Total Equity C C. Total Debt ∕ Total Equity D D. Total Liabilities ∕ Total Assets

A A. Income Statement B B. Statement of Cash Flows C C. Balance Sheet D D. Statement of Retained Earnings

A A. To maximize profits. B B. To ensure compliance with tax laws only. C C. To safeguard assets, ensure accurate and reliable accounting data, promote operational efficiency, and encourage adherence to policies. D D. To replace external audits.

A A. One account B B. Two accounts C C. Three accounts D D. Four accounts

A A. Matching Principle B B. Going Concern Principle C C. Revenue Recognition Principle D D. Cost Principle