Modul 9 von 13 · 📖 2 min Lesezeit · ⏱ 30 min gesamt
IK 09 Buchführung und Bilanz (EN)
IK 09 Bookkeeping and Balance Sheet
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Knowledge Check
Four questions for self-assessment. Click on each question to see the correct answer and explanation.
What is the basic accounting equation?
- A) Assets + Liabilities = Equity
- B) Assets = Liabilities
- C) Assets = Liabilities + Equity
- D) Equity = Liabilities
Correct Answer: C. The basic accounting equation is Assets = Liabilities + Equity, as all assets are financed either by debt or equity.
Which journal entry is used for the acquisition of a new company car?
- A) Bank to Vehicles
- B) Vehicles to Bank
- C) Vehicles to Cash
- D) Cash to Vehicles
Correct Answer: B. When purchasing a company car, the value of the vehicle is capitalized (Debit) and simultaneously the bank account is credited (Credit).
What is the main function of the balance sheet?
- A) To represent the profit or loss of the company
- B) To check the liquidity of the company
- C) To represent the financial position at a specific date
- D) To support future planning of the company
Correct Answer: C. The balance sheet shows the financial position of the company at a specific date, while the income statement represents the performance.
How is the depreciation of a machine booked?
- A) Machines to Depreciation
- B) Depreciation to Machines
- C) Expense to Machines
- D) Machines to Expense
Correct Answer: A. When depreciating, the value of the asset is reduced (Credit) and simultaneously an expense is recorded (Debit).