1. If a company purchases a desk for the office in 100 euros in cash, the entry would

be:

A. 100 desk to 100 Capital.

B. 100 desk to 100 Debts.

C. 100 desk to 100 Cash.

D. 100 Cash to 100 desk.

2. The company returns 100 euros of capital to partners

A. 100 Cash in banks to 100 Capital.

B. 100 Public Relations Spending to 100 Capital.

C. 100 Capital to 100 Expenses.

D. 100 Capital to 100 Cash in banks.

3. The balance sheet reflects

A. The list of a companys rights to receive payment and obligations to pay on

a specific date.

B. The income and expenditure for a period.

C. The cash flow statements.

D. The assets of the company exclusively.

4. Unlike expenditure, assets

A. Never go through the income statement.

B. Are not really necessary for the activity.

C. Represent the long-term revenue of the company.

D. Pass through the income statement using accounting depreciation.

5. Highlight the correct statement.

A. Expenses are posted as assets: they increase the credit and diminish the

debit.

B. Expenses are posted as assets: they increase the debit and decrease the

credit.

C. Expenses are posted as liabilities with the shareholders.

D. Assets are posted as income because both are favorable for the company.

6. Fast closing consists of

A. Fast calculation of profit.

B. Provisioning entries yet to be documented in order to have a result as soon

as possible.

C. Closing the company quickly every year.

D. None of the above.

7. Indicate what forms part of the Annual Accounts

A. Balance Sheet and Profit and Loss Account.

B. The documents in A plus the Cash Flow Statement.

C. The documents in B plus changes in net equity.

D. All of the above.

8. Accounting adjustment consists of

A. Calculating profit/loss.

B. Paying tax arrears.

C. Paying debts.

D. Distributing profits.

9. The balance of the account for office desks at the end of the year

A. Is a magnitude flow if desks are purchased during the year.

B. It is a magnitude fund if it is at zero.

C. Is a magnitude fund in any case.

D. Is a magnitude flow in any case.

10. The Statement of Changes in Equity brings together

A. The profit from the point of view of the shareholders.

B. The movements of accounts that relate to the company and its owners.

C. The movement of short-term liabilities accounts.

D. Only the payment of dividends.