Đề 7 – Bài tập, đề thi trắc nghiệm online Kế toán tài chính

A A. To present the main financial figures. B B. To provide additional information and explanations about the financial statements. C C. To replace the main financial statements. D D. To summarize the financial statements in a shorter format.

A A. Tangible assets of a reputable company. B B. Intangible asset representing the excess of purchase price over the fair value of net identifiable assets acquired in a business combination. C C. The value of inventory held by a company. D D. The market value of a company′s shares.

A A. To correct errors in the ledger accounts. 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. To adjust account balances at the end of the period. B B. To prepare the financial statements. C C. To transfer temporary account balances to retained earnings. D D. To record daily transactions.

A A. To prepare the financial statements for a company. B B. To manage the company′s internal controls. C C. To provide an independent opinion on the fairness of the financial statements. D D. To ensure the company′s compliance with all laws and regulations.

A A. Recognizing revenues when earned and expenses when incurred. B B. Recording assets at their historical cost. C C. When in doubt, recognize losses and expenses sooner rather than later, and delay recognition of gains and revenues. D D. Focusing on information that is material and relevant to decision-making.

A A. Going Concern Principle B B. Matching Principle C C. Conservatism Principle D D. Materiality Principle

A A. It represents the total cash a company generated during a period. B B. It represents the increase in owner′s equity resulting from profitable operations. C C. It represents the total assets of a company at a point in time. D D. It represents the total revenue earned by a company.

A A. Using the FIFO inventory method instead of weighted-average. B B. Accurately and honestly reporting financial information, even if it is unfavorable. C C. Choosing between different depreciation methods. D D. Preparing financial statements according to GAAP or IFRS.

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

A A. Inventory B B. Prepaid Rent C C. Accounts Payable D D. Equipment

A A. Direct method is used for investing activities, indirect for financing. B B. Direct method calculates cash flow from operations by adjusting net income, indirect method reports actual cash inflows and outflows. C C. Direct method reports actual cash inflows and outflows from operations, indirect method starts with net income and adjusts it to arrive at cash flow from operations. D D. There is no difference; they both result in the same cash flow statement.

A A. To prepare financial statements. B B. To conduct external audits. C C. To safeguard assets, ensure accuracy and reliability of accounting records, and promote operational efficiency. D D. To maximize company profits.

A A. Timeliness B B. Understandability C C. Verifiability D D. Relevance

A A. To maximize the company′s profits. B B. To provide financial information to internal management for decision-making. C C. To provide financial information to external users for decision-making. D D. To ensure compliance with tax regulations.

A A. Operating Activities B B. Investing Activities C C. Financing Activities D D. Sales Activities

A A. The company will be profitable in the future. B B. The company will continue to operate indefinitely. C C. The company′s assets are always recorded at historical cost. D D. The company′s financial statements are prepared annually.

A A. Recording every transaction twice in the same account. B B. Recording every transaction in two different currencies. C C. Recording every transaction with at least one debit and one credit. D D. Recording transactions both manually and electronically.

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

A A. Assets + Liabilities = Equity B B. Assets - Equity = Liabilities C C. Assets = Liabilities + Equity D D. Equity - Liabilities = Assets

A A. Land B B. Equipment C C. Accounts Receivable D D. Buildings

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

A A. Equipment used in production. B B. Goods available for sale to customers. C C. Money owed by customers. D D. Supplies used in daily operations.

A A. To report the company′s financial position at a specific point in time. B B. To report the company′s revenues and expenses over a period of time. C C. To report the movement of cash both into and out of the company during a period. D D. To report changes in owner′s equity over a period of time.

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 for the replacement of assets. D D. Writing off an asset when it is no longer used.

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

A A. Generally Accepted Accounting Principles (GAAP) B B. International Financial Reporting Standards (IFRS) C C. Tax Accounting Standards D D. Governmental Accounting Standards

A A. Retained Earnings B B. Common Stock C C. Dividends D D. Accumulated Other Comprehensive Income

A A. Revenue should be recognized when cash is received. B B. Revenue should be recognized when expenses are incurred. C C. Revenue should be recognized when it is earned and realizable, regardless of when cash is received. D D. Revenue should be recognized at the end of the accounting period.

A A. Assets will be understated. B B. Liabilities will be overstated. C C. Net Income will be overstated in the current period and potentially understated in future periods. D D. Equity will be understated.