UAS Pengantar Akuntansi BD_Inter 2023/2024 PDF

KEMENTERIAN PENDIDIKAN, KEBUDAYAAN, RISET DAN TEKNOLOGI UNIVERSITAS NEGERI SURABAYA FAKULTAS EKONOMIKA DAN BISNIS PRODI BISNIS DIGITAL Kampus Ketintang, Surabaya 60231, Telepon: +6231- 8285362, Fax:...

KEMENTERIAN PENDIDIKAN, KEBUDAYAAN, RISET DAN TEKNOLOGI UNIVERSITAS NEGERI SURABAYA FAKULTAS EKONOMIKA DAN BISNIS PRODI BISNIS DIGITAL Kampus Ketintang, Surabaya 60231, Telepon: +6231- 8285362, Fax: +6231-8293416 Laman : https://feb.unesa.ac.id, email : [email protected] FINAL EXAMINATION ODD SEMESTER 2023/2024 Course : Introduction to Accounting Class : 2023 I Day, Date : Tuesday, 19 Desember 2023 Lecturer : Achmad Kautsar S.E., MM Ika Diyah Candra S.E., M.Com, CMA Ahmad Kurniawan S.E., MBA Time : 75 Minutes Type : CLOSE Book Class : Undergraduate Program of Digital Business QUESTION INSTRUCTIONS: a. Read carefully and understand the question before doing it b. In working on the UAS, collaboration in any form is not permitted c. Write your full name, NIM, class and year clearly on the answer sheet that has been printed out according to the format provided previously PART A (TOTAL WEIGHT VALUE 60, @ questions, 3 points) Choose the most appropriate answer by writing the correct answer on the answer sheet 1. The following are the elements of internal control except... a. Control environment b. Risk assessment (risk assessment) c. Protected company assets d. Control procedures e. Supervision 2. Cashiers may make mistakes giving change to customers or entering cash sales amounts. As a result, the amount of cash on hand differs from the amount of cash sales. The difference will be recorded in the account... a. Sale b. Cash expense c. Prepaid income d. Cash e. Cash less and cash more 3. PT Alexandria's financial data is as follows: Cash at 31 December 2016 120,000,000 Cash flow from operating activities (132,000,000) What is the ratio of cash to monthly cash expenses. a. 12 months b. 1.1 months c. 10.9 months d. 4.2 months e. 9 months Questions for Numbers 4-5 4. Journal entries for each of the following cases: - Issued a check to establish a petty cash fund of 500.00 - The amount of cash in the petty cash fund is 120,000. - Issue checks to replenish cash funds based on the following summary of petty cash receipts, office supplies Rp. 300,000 and other administrative expenses Rp. 75,000. Make journal entries for petty cash: a. Petty cash 500,000 Cash 500,000 b. Petty cash allocation of 120,000 Cash 120,000 c. Petty cash 300,000  Office supplies 300,000 d. Office supplies 300,000 Cash 300,000 e. Cash less or cash more 75,000 cash Cash 75,000 5. Make a record for cash shortage or cash surplus: a. Office supplies 300,000 Other administrative expenses 75,000 Cash Less or Cash more 5,000 cash Cash 380,000 b. Other administrative expenses 75,000 Office supplies 300,000 Cash 375,000 c. Office supplies 300,000 Cash less and cash more 300,000 d. Cash less or cash more 75,000 cash Other administrative expenses 75,000 e. Office supplies 300,000 Other administrative expenses 75,000 Cash 375,000 6. Included in the debit memo in the bank reconciliation are: a. Payment via electronic funds transfer b. Deposit via electronic funds transfer c. Receipt of payment of notes receivable d. Interest income e. Bank error 7. Below are the types of receivables based on the cause of the transaction, except: a. Accounts receivable b. Notes receivable c. Tax Receivables d. Interest receivable e. Receivables are not current Questions for Numbers 8-10: 8.The Company received a 30-day note receivable, with 12% interest, dated November 21, 2023, as settlement of Bella's receivables, which were past due amounting to Rp. 6,000,000. The company records receipt of notes receivable as follows: a. Accounts Receivable-Bella 6,000,000 Notes Receivable-Bella 6,000,000 b. Notes receivable-Bella 720,000 Accounts receivable-Bella 720,000 c. Notes receivable-Bella 720,000 Notes receivable-Bella 720,000 d. Notes receivable-Bella 6,000,000 Accounts receivable-Bella 6,000,000 e. Cash 6,000,000 Accounts receivable-Bella 6,000,000 9. When the note receivable is due, the company records receipt of settlement as follows: a. Cash 6,000,000 Notes receivable 6,000,000 b. Cash 60,000 Interest income 60,000 c. Cash 6,060,000 Interest income 6,060,000 d. Cash 6,060,000 Notes receivable-Bella 6,060,000 e. Cash 6,060,000 Notes receivable-Bella 6,000,000 Interest income 60,000 10. The note receivable received from Bella turns out to be payable at the due date. The journal writing is: a. Accounts receivable 6,000,000 Business income 6,000,000 b. Accounts receivable 5,540,000  Business income 5,540,000 c. Accounts receivable 6,060,000 Notes Receivable 6,000,000 Interest income 60,000 d. Interest income 60,000 Accounts receivable 6,000,000 Notes Receivable 6,060,000 e. Accounts receivable 6,060,000 Business income 6,060,000 11. The company is considered a business entity that will operate continuously and will not be liquidated. This means that accounting uses basic assumptions, namely... a. Full disclosure b. Materiality c. Going concern d. Basic accruals e. Monetary units 12. The following are external users of accounting information, except... a. Stockholders b. Managers c. Shareholders d. Creditors e. Government 13. In the condition of purchasing inventory based on FOB Destination Point terms, then... a. The risk of the goods is borne by the buyer b. Transport costs are borne by the buyer c. Has become the property of the buyer while the goods are in transit d. Transport costs and risks are the responsibility of the seller e. Insurance is borne by the buyer 14. Financial reports are useful in the business scope because of the following benefits, except... a. Provide information for decision making b. Provides information about the company's cash flow c. Become the sole decision making tool d. Becomes a form of management accountability to investors e. Evaluate company performance Questions for Numbers 15-16 15. PT EXIM's financial data shows: - 2022 Sales: 9,450 - 2023 Sales: 9,235 - Trade receivables at the beginning of 2022: 1,110 - Trade receivables at the end of 2022: 1,000 - Accounts receivable at the beginning of 2023: 1,500 - Trade receivables at the end of 2023: 1,100 Calculate the accounts receivable turnover: a. 8.65 in 2022 and 10.5 in 2023 b. 8.95 in 2022 and 9 in 2023 c. 7.5 in 2022 and 10.5 in 2023 d. 9 in 2022 and 10.5 in 2023 e. 8.95 in 2022 and 11.5 in 2023 16. From question number 15, calculate the number of days sales in receivables: a. 47.40 days in 2022 and 26.31 days in 2023 b. 40.74 days in 2022 and 31.62 days in 2023 c. 30.62 days in 2022 and 44.70 days in 2023 d. 34, 40 days in 2022 and 23, 61 days in 2023 e. 35.62 days in 2022 and 25.34 days in 2023 17. The following are the characteristics of fixed assets except: a. Not intended for sale as part of operations b. Owned and used by the company in operational activities c. Can undergo amortization according to the estimated economic life d. Has a useful life of more than one year e. Can be amortisized 18. Workers who are directly involved in the process of changing materials into finished products are called... a. Direct labor e. Supervisory personnel b. Indirect labor c. Helpers d. Labor e. Supervisory personnel 19. The following are the characteristics of depreciation except: a. Physical depreciation occurs due to use and is caused by weather b. Functional depreciation occurs when fixed assets can no longer provide services at the expected level. c. Depreciation does not explain the decline in the market value of a fixed asset. d. Straight-line depreciation is a depreciation calculation method that results in the same amount of depreciation expense for each year during the asset's useful life. e. Declining balance depreciation provides greater depreciation in the first year of an asset's usefulness, followed by a decreasing depreciation amount. 20. Prepare journal entries for the following transactions: Equipment costing $6,500 is depreciated at a straight-line annual rate of 10%. After the Dec. 31 adjusting entry, Accumulated Depreciation—Equipment has a balance of $4,500. The equipment was disposed of on April 24. Note: all calculation results are rounded up. a. April 24 Equipment depreciation expense 163 Accumulated equipment 163 depreciation April 24 Accumulated equipment depreciation 4.663 Profit/Loss due to disposing of assets 1.837 Equipment 6.500 b. April 24 Equipment depreciation expense 217 Accumulated equipment 217 depreciation April 24 Accumulated equipment depreciation 4.717 Profit/Loss due to disposing of assets 1783 Equipment 6.500 c. April 24 Equipment depreciation expense 217 Accumulated equipment 217 depreciation April 24 Accumulated equipment depreciation 4.500 Profit/Loss due to disposing of assets 1.500 Equipment 6.500 D April 24 Equipment depreciation expense 163 Accumulated equipment 163 depreciation April 24 Accumulated equipment depreciation 4.717 Profit/Loss due to disposing of assets 1783 Equipment 6.500 E April 24 Equipment depreciation expense 217 Accumulated equipment 217 depreciation April 24 Accumulated equipment depreciation 4.663 Profit/Loss due to disposing of assets 1.837 Equipment 6.500 PART B (TOTAL WEIGHTED SCORES 40, 20 questions each) 1. PT. Civonz on January 1, 2023 has an inventory of 1200 units and costs IDR 12,000 per unit. Then on January 5, 750 units were sold. Then PT Civonz bought 1000 units of goods but the price had increased by IDR 12,600. Next, on January 21 2023, 900 units will be sold. And finally, on January 25 2023, I bought another 300 new items at a price of IDR 13,500. What is the cost of ending inventory in the warehouse in January if calculated using the LIFO method? (20 Points) 2. PT. Civonz purchased 2 printing machines with a price of Machine A of IDR 150,000,000 and is predicted to have an economic life of 10 years and a residual value of IDR 30,000,000. while machine B is IDR 120,000,000. and is predicted to have an economic life of 8 years and a residual value of IDR 40,000,000. Calculate the accumulated depreciation (third year only) on the two machines if machine A is depreciated using the double declining balance method with a depreciation rate of 25% and machine B is depreciated using the straight line method. (20 points) -- Good Luck ---