Đề 8 – Bài tập, đề thi trắc nghiệm online Kế toán tài chính

A A. Recognizing revenue when cash is received and expenses when cash is paid. B B. Recognizing revenue when earned and expenses when incurred, regardless of cash flow. C C. Accounting only for cash transactions. D D. Deferring all revenue and expense recognition until the end of the fiscal year.

A A. Predictive value B B. Confirmatory value C C. Materiality D D. Verifiability

A A. Every transaction is recorded twice in the same account. B B. Every transaction affects at least two accounts. C C. Transactions are entered in two different currencies. D D. Financial statements are prepared in two languages.

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

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

A A. An expense on the income statement. B B. A contra-asset account that reduces the book value of assets. C C. A liability representing future depreciation expense. D D. An equity account reflecting the total depreciation of all assets.

A A. Matching assets with liabilities on the balance sheet. B B. Matching revenues and expenses in the same accounting period. C C. Matching cash inflows with cash outflows. D D. Matching the book value of assets with their market value.

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

A A. Current Assets B B. Intangible Assets C C. Property, Plant, and Equipment (PP&E) D D. Inventory

A A. They are too complex to understand. B B. They are based on historical data and may not predict future performance. C C. They are always consistent across different industries. D D. They provide exact answers to financial questions.

A A. 2% B B. 5% C C. 20% D D. 50%

A A. Increases assets and decreases equity. B B. Decreases assets and increases equity. C C. Decreases assets and decreases equity. D D. Increases assets and increases equity.

A A. To prepare tax returns for a company. B B. To provide financial information to internal management for decision-making. C C. To provide financial information to external stakeholders such as investors and creditors. D D. To manage the day-to-day cash flow of a company.

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

A A. Revenue - Expenses = Net Income B B. Assets + Liabilities = Equity C C. Assets = Liabilities + Equity D D. Cash Inflow - Cash Outflow = Net Cash Flow

A A. It shows the profitability of a company. B B. It provides a snapshot of a company′s assets, liabilities, and equity at a point in time. C C. It helps assess a company′s ability to generate cash and meet its obligations. D D. It calculates the net income for a period.

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

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

A A. The assumption that a company will always be profitable. B B. The assumption that a company will operate indefinitely. C C. The assumption that assets will always be valued at cost. D D. The assumption that financial statements are prepared annually.

A A. Increase in Operating Activities. B B. Increase in Financing Activities. C C. Increase in Investing Activities. D D. No effect on the cash flow statement.

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

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

A A. To ensure higher profits for the company. B B. To maintain the trust of stakeholders and the integrity of financial information. C C. To simplify the accounting process. D D. To reduce tax liabilities.

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

A A. Cost of Goods Sold will be higher than under LIFO. B B. Net Income will be lower than under LIFO. C C. Ending Inventory will be valued at older, lower prices. D D. Cost of Goods Sold will be lower than under LIFO.

A A. To record daily transactions. B B. To correct errors found in the trial balance. C C. To ensure revenues and expenses are recognized in the correct period. D D. To prepare the initial trial balance.

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 is expected to be earned in the future. D D. Revenue that has been earned and collected in cash.

A A. Financial accounting is used for internal reporting, while managerial accounting is for external reporting. B B. Financial accounting follows GAAP or IFRS, while managerial accounting is more flexible. C C. Financial accounting focuses on future projections, while managerial accounting looks at historical data. D D. Financial accounting is mandatory for all companies, while managerial accounting is optional.

A A. To prepare the financial statements. B B. To list all transactions for a period. C C. To verify that debits equal credits in the general ledger. D D. To calculate net income for the period.