Prinsip dan Jurnal Akuntansi Keuangan

What is meant by the principle of accounting?

• The principle of accounting is the rules and guidelines used in recording and reporting financial transactions.

• The principle of accounting only applies to large companies.

• The principle of accounting is a method for investing money.

• The principle of accounting is a way to calculate taxes.

What are the three basic principles of accounting?

• 1) Accounting Entity Principle, 2) Going Concern Principle, 3) Accrual Accounting Principle

• Financial Independence Principle

• Historical Measurement Principle

• Revenue Recognition Principle

What is the purpose of financial statements?

• To determine the company's tax policy.

• To provide historical data for market analysis.

• To prepare a marketing plan for new products.

• To provide relevant information for economic decision-making.

Explain the difference between assets and liabilities!

• Assets are obligations that must be paid, while liabilities are resources owned.

• Assets and liabilities are the same terms and can be exchanged.

• Assets only include cash, while liabilities only include long-term debts.

• Assets are resources owned, while liabilities are obligations that must be paid.

What is meant by a general journal in accounting?

• A general journal only records large transactions.

• A general journal is the annual report of a company.

• A general journal is a chronological record of all financial transactions in accounting.

• A general journal is a summary of financial statements.

What are the steps in creating a general journal!

• 1. Create financial statements 2. Determine taxes 3. Calculate profit and loss

• 1. Record transactions in the ledger 2. Create cash flow statements 3. Write annual reports

• 1. Identify transactions 2. Determine accounts 3. Determine debits and credits 4. Make journal entries 5. Write descriptions 6. Review entries

• 1. Identify assets 2. Create a budget 3. Determine costs

What are debit and credit in accounting?

• Debit is a record that increases assets or decreases liabilities, while credit is a record that decreases assets or increases liabilities.

• Debit is a record that decreases assets and credit increases assets.

• Debit and credit are not related to assets or liabilities.

• Credit is a record that increases assets and debit decreases liabilities.

Explain how to record sales transactions!

• Sales transactions do not need to be recorded if the goods have been sold.

• Expense accounts must be recorded for each sale of goods.

• Sales transactions are recorded only in the cash account.

• Sales transactions are recorded by noting the cash/accounts receivable and revenue accounts according to the amount and selling price.

What should be done if there is an error in the general journal?

• Wait until the end of the month to correct the error.

• Create a correction journal to fix the error.

• Leave the error and continue with a new journal.

• Delete the incorrect journal without recording the changes.

What are examples of transactions that must be recorded in the general journal!

• Example transaction: Cash sale of goods amounting to Rp 5,000,000.

• Receipt of bank interest amounting to Rp 1,000,000.

• Purchase of goods on credit amounting to Rp 3,000,000.

• Expenditure for employee salaries amounting to Rp 2,000,000.