Halo para pembaca, GolekWawasan pada postingan kali ini akan kembali membagikan Contoh Soal UTS beserta Jawabannya untuk Mata Kuliah Akuntansi Keuangan Menengah Pertama. Soal ini didapat secara langsung dari dosen yang mengampu mata kuliah terkait. Soal UTS Akuntansi Keuangan Menengah 1 ini diperuntukkan untuk prodi S1 Akuntansi dan juga D3 Akuntansi. Pada umumnya materi - materi pada soal ini akan didapatkan mahasiswa jurusan akuntansi di semester 2 perkuliahan. Semoga Contoh Soal Ujian dan juga Jawabannya ini dapat membantu para pembaca baik sebagai referensi dalam belajar maupun ketika mendapatkan tugas untuk membuat soal dengan materi serupa.
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| Ilustrasi Pekerjaan Akuntansi |
QUESTION 1 Ã Bobot nilai = 10
What is the difference between principles-based and rules-based accounting rules? Are IFRS more principles-based than U.S. GAAP? Explain.
Jawab :
Principles-based
rules are considered to be based on
broad accounting principles aimed at ensuring that companies’ financial
statements are fairly presented. Rules-based standards are generally
quite detailed, and in many instances follow a “check-box” mentality that
some contend may shield auditors and companies from legal liability. Because IFRS
tend to be simpler and less stringent in accounting and disclosure
requirements, they are generally considered more principles-based than U.S.
GAAP.
QUESTION 2 Ã Bobot nilai = 10
Cost as a basis of
accounting for assets has been severely criticized. What defense can you build
for cost as the basis for financial accounting?
Jawab :
Cost is definite and
verifiable and not a matter for conjecture or opinion. Once established, cost
is fixed as long as the asset remains the property of the party that incurred
the cost. Cost is based on fact; that is, it is the result of an arm’s length transaction. Cost is also measurable or
determinable. Over the years, accountants have found cost to be the most
practical basis for record keeping. Financial statements prepared on a cost
basis provide business enterprise information having a common, accepted basis
from which each reader can make inferences, comparisons, and analyses.
QUESTION
3 (Weighted score 40%) Ã masing2 jurnal nilai
4.4 Ã betul semua bulatkan
nilai maks 40
The following trial balance was taken from the books of Flazz Corporation on December 31, 2018.
Account Debit
Credit
Cash $ 12,000
Accounts Receivable 40,000
Note Receivable 7,000
Allowance for Doubtful Accounts $ 1,800
Inventory 44,000
Prepaid Insurance 4,800
Equipment 105,000
Accumulated Depreciation–Equip. 15,000
Accounts Payable 10,800
Share Capital–Ordinary 44,000
Retained Earnings 55,000
Sales Revenue 260,000
Cost of Goods Sold 111,000
Salaries and Wages Expense 50,000
Rent Expense 12,800
Totals $386,600 $386,600
At year end, the following items have not yet been recorded.
a. Insurance expired during the year, $2,000.
b. Estimated bad debts, 2% of gross sales.
c. Depreciation on equipment, 15% per year.
d. Interest at 6% is receivable on the note for
one full year.
e. Rent paid in advance at December 31, $5,400
(originally charged to expense).
f. Accrued salaries and wages at December 31, $5,800.
Instructions
(a) Prepare the necessary adjusting entries.
(b) Prepare
the necessary closing entries.
Jawab :
(a) Adjusting
Entries
a. Insurance
Expense ................................... 2,000
Prepaid
Insurance ........................................................... 2,000
b. Bad
Debt Expense ................................................................... 5,200
Allowance
for Doubtful Accounts .................................. 5,200
c. Depreciation
Expense .............................................................. 15,750
Accumulated
Depreciation–Equip. ................................ 15,750
d. Interest
Receivable .................................................................. 420
Interest
Revenue ............................................................. 420
*e. Prepaid Rent ............................................................................ 5,400
Rent
Expense .................................................................. 5,400
f. Salaries
and Wages Expense ................................................... 5,800
Salaries
and Wages Payable ........................................... 5,800
(b) Closing Entries
Sales
Revenue.................................................................................. 260,000
Interest
Revenue .............................................................................. 420
Income
Summary .................................................................. 260,420
Income
Summary ............................................................................ 197,150
Salaries
and Wages Expense ................................................ 55,800
Rent
Expense ........................................................................ 7,400
Depreciation
Expense ........................................................... 15,750
Bad
Debt Expense ................................................................ 5,200
Insurance
Expense ................................................................ 2,000
Cost
of Goods Sold ............................................................... 111,000
Income
Summary ............................................................................ 63,270
Retained
Earnings ................................................................. 63,270
QUESTION 4 (Weighted score 40%) Ã Total nilai = 40
The adjusted trial balance of Sun Flowers
Consultant appears below. Using the information from the adjusted trial
balance, you are to prepare for the month ending December 31:
1. an income statement. Ã nilai maksimal 15
2. a retained
earnings statement. Ã nilai maksimal 10
3. a
statement of financial position. Ã nilai maksimal
15
SUN FLOWERS CONSULTANT
Adjusted Trial Balance
December
31, 2018
Debit Credit
Cash ............................. €
5,200
Accounts Receivable......................................................................... 2,200
Supplies ......................................................................................... 1,800
Equipment ......................................................................................... 15,000
Accumulated Depreciation—Equipment.......................................... € 4,000
Accounts Payable.............................................................................. 3,800
Unearned Revenue............................................................................. 5,000
Share Capital–Ordinary..................................................................... 10,000
Retained Earnings.............................................................................. 4,400
Dividends ......................................................................................... 2,500
Service Revenue................................................................................ 4,500
Supplies Expense............................................................................... 600
Depreciation Expense........................................................................ 2,500
Rent Expense.....................................................................................
1,900 ______
€31,700 €31,700
Jawab :
1. SUN
FLOWERS CONSULTANT
Income Statement
For the Month Ended December 31, 2018
Revenues
Service revenue ............................. € 4,500
Expenses
Depreciation
expense................................................................... €2,500
Rent expense ............................. 1,900
Supplies
expense......................................................................... 600
Total expenses ............................. 5,000
Net loss.............................................................................................. € (500)
2. SUN
FLOWERS CONSULTANT
Retained Earnings Statement
For the Month Ended December 31, 2018
Retained
earnings, December 1 ............................. €
4,400
Less: Net loss..................................................................................... €500
Dividends................................................................................. 2,500
3,000
Retained earnings, December 31....................................................... $1,400
3. SUN
FLOWERS CONSULTANT
Statement of Financial
Position
December 31, 2018
Assets
Equipment ............ € 15,000
Less:
Accumulated depreciation—equipment ................ 4,000 11,000
Supplies ............................. 1,800
Accounts receivable........................................................................... 2,200
Cash ............................. € 5,200
Total
assets................................................................................. €20,200
Equity and Liabilities
Equity
Share capital–ordinary ............... € 10,000
Retained earnings ..............
1,400 € 11,400
Liabilities
Accounts payable ..................
3,800
Unearned
revenue........................................................................
5,000
Total liabilities .............................
8,800
Total equity and liabilities............................................... €20,200
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