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Daniel Lopez

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JUEGO SELECCIÓN MULTIPLE


JUEGO SELECCIÓN MULTIPLEVersión en línea Escoge la respuesta correcta por Daniel Lopez 1 What account title fits the description of income earned but not yet received? a Accounts Payable b Unearned Revenue c Accrued Income d Inventory 2 A statement that shows the “financial condition” of the business as of a particular date. a Income Statement b Balance Sheet c Cash Flow Statement d Ledger 3 It is a measurement that will answer how long an enterprise can survive. a Liquidity Ratio b Profit Ratio c Solvency / Stability Ratio d Expense Ratio 4 A contr-asset account such as Accumulated Depreciation Will likely have which balance? a DEBIT b CREDIT 5 To increase the owner´s equity, you would a DEBIT b CREDIT 6 An account which contains nominal and real accounts. a Personal Account b Real Account c Mixed Account d Temporary Account 7 Entries to expenses such as Rent Expense are usually a DEBIT b CREDIT 8 When a company borrows money from a bank, which side is debited? a DEBIT b CREDIT 9 Which of the following is the most common measurement basis in accounting? a Historical cost b Realizable value c Current cost d Present value 10 Verifiability of financial accounting information is synonymous with: a Faithful representation b Prudence c Substance over form d Completeness 11 When recording an increase in liabilities. Libilty Will? a DEBIT b CREDIT 12 Discount Allowed will be? a DEBIT b CREDIT 13 If a company sells an investment at a gain, which side is increased? a DEBIT b CREDIT 14 Gains on assets unsold are identified, in a precise sense, by the term: a Unrecorded b Unrecognized c Unrealized d Unallocated 15 If a company recognizes revenue for services provided, which side is increased? a DEBIT b CREDIT 16 Discount Allowed will be? a DEBIT b CREDIT 17 Which of the following is expensed under the principle of systematic and rational allocation? a Salesmen monthly salary b Freight out c Insurance premiums d Electricity to building 18 Entries to revenues accounts such as Service Revenues are usually? a DEBIT b CREDIT 19 If a company issues common stock, which side is increased? a DEBIT b CREDIT 20 When receiving cash from a customer, Cash Will be: a DEBIT b CREDIT 21 The economic resources (assets), economic obligations (liabilities), residual interest (equity) and changes in them (revenue and expense). a Basic elements b Basic objectives c Basic principles d Basic concepts 22 The basic elements directly related to the measurement of financial position are a Cash and receivables b Assets, liabilities & equity c Revenue and expense d Assets and liabilities 23 The basic elements directamente related to the measurement of performance or results of operations are a Financial ratios b Neta income c Revenue and expense d Sales and cost of sales 24 These are resources controlled by the enterprise as a result of past events and from which future economic benefits are expected to Flow to the enterprise a Assets b Equity c Liabilities d Revenue 25 These are present obligations of an enterprise arising from past events the settlement of which is expected to result in an outflow from the enterprise of resources embodying economic benefits a Assets b Equity c Liabilities d Lawsuit 26 It is the residual interest in the assets of the enterprise afuera deducting all ist liabilities a Revenue b Neta income c Expenses d Equity 27 Gross inflows of economic benefits from ordinary activities resulting to increases in equity, other than contributions from owners a Assets b Expense c Liabilities d Revenue 28 The valuation basis used in conventional financial statement is a Replaxement cost b Original cost c Market value d A mixture of cost & value 29 Imputing interest for certain assets and liabilities is primarily based on the concept of a Valuation b Consistency c Conservatism d Stable monetary unit 30 This is the process of converting noncash resources into cash or claims of cash a Allocation b Recognition c Collection d Realization

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Tipos de sintagmas (II)

JUEGO SELECCIÓN MULTIPLEVersión en línea

por Daniel Lopez

What account title fits the description of income earned but not yet received?

A statement that shows the “financial condition” of the business as of a particular date.

It is a measurement that will answer how long an enterprise can survive.

A contr-asset account such as Accumulated Depreciation Will likely have which balance?

To increase the owner´s equity, you would

An account which contains nominal and real accounts.

Entries to expenses such as Rent Expense are usually

When a company borrows money from a bank, which side is debited?

Which of the following is the most common measurement basis in accounting?

Verifiability of financial accounting information is synonymous with:

When recording an increase in liabilities. Libilty Will?

Discount Allowed will be?

If a company sells an investment at a gain, which side is increased?

Gains on assets unsold are identified, in a precise sense, by the term:

If a company recognizes revenue for services provided, which side is increased?

Discount Allowed will be?

Which of the following is expensed under the principle of systematic and rational allocation?

Entries to revenues accounts such as Service Revenues are usually?

If a company issues common stock, which side is increased?

When receiving cash from a customer, Cash Will be:

The economic resources (assets), economic obligations (liabilities), residual interest (equity) and changes in them (revenue and expense).

The basic elements directly related to the measurement of financial position are

The basic elements directamente related to the measurement of performance or results of operations are

These are resources controlled by the enterprise as a result of past events and from which future economic benefits are expected to Flow to the enterprise

These are present obligations of an enterprise arising from past events the settlement of which is expected to result in an outflow from the enterprise of resources embodying economic benefits

It is the residual interest in the assets of the enterprise afuera deducting all ist liabilities

Gross inflows of economic benefits from ordinary activities resulting to increases in equity, other than contributions from owners

The valuation basis used in conventional financial statement is

Imputing interest for certain assets and liabilities is primarily based on the concept of

This is the process of converting noncash resources into cash or claims of cash