TEST SELECTIVIDAD 401.- Created by Antonio Ginés

The objective of accounting is:
1. Report the economic and patrimonial situation of the company
2. Conduct market research
3. Analyze the sale of goods
The patrimony of a company is:
1. The set of goods and rights owned by the company
2. The set of goods and rights in their favor and obligations
3. The set of contributions from partners
The economic profitability relates:
1. The economic profit with the company's own capital
2. The economic profit with the total assets
3. The economic profit with permanent resources
Check only the correct answers:
1. The "Furniture" account belongs to the Equity
2. The account "Customers" belongs to the non-current assets
3. The "Suppliers" account belongs to current liabilities
What indicates that the Permanent Capital / Fixed Assets ratio is equal to unity?
1. That current assets are less than current liabilities
2. That current assets are greater than current liabilities
3. That current assets equals current liabilities
The products stored or inventories are:
1. A supply of materials whose main purpose is to facilitate the continuity of the production process and/or satisfy customers orders
2. Manufactured goods pending recycling
3. The main characteristics of service companies
What does the liquidity or solvency ratio indicate?
1. The relationship between current assets and short-term debts
2. Indicates if the company has a lot of debts
3. It's an investment selection criterion
If the assets of a company equals the net equity:
1. The entrepreneur has invested all the money in the business
2. We are facing the maximum financial stability
3. The company is in a situation of serious instability
The economic profitability of a company could be measured as the ratio expressed as:
1. Difference between total sales income and operating expenses
2. Percentage or commercial margin which its assets are taxed
3. Quotient between results obtained or gross profit and the value of its asset
The ratio (Available + Feasible) / Current liabilities represents:
1. The cash ratio
2. The availability ratio
3. The enforceability ratio
The annual accounts included in Spanish commercial legislation are:
1. The Inventory, the Balance Sheet, the Profit and Loss account, the statement of changes in equity and the report
2. The Balance Sheet, the Profit and Loss account, the Statement of changes in Equity, the statement of cash flows and the Report
3. The Balance Sheet and Profit and Loss Account, the statement of changes in equity and the statement of cash flows
The accounting approach considers Patrimony as:
1. The property that a person has inherited from their ancestors
2. The set of goods, rights and obligations belonging to the company
3. Goods and rights that the subject owns in property
The ratios:
1. Both of the other answers are false
2. They are exclusive relationship of liability and equity elements
3. They express the relationship between the different masses or patrimonial elements
They are part of the current assets of a company:
1. The money in current accounts of the company
2. Debts with suppliers
3. Share capital
Non-current assets are made up of:
1. By financial elements with a maturity of more than one year
2. For items not intended for sale whose function is to ensure the life of the company
3. By material elements temporarily linked to the company
What is the social balance?
1. It's the instrument that measures the economic results obtained by the company
2. It's the instrument that measures the favorable or unfavourable social results generated by the company
3. It's the instrument that measures the relationships of a company with other companies in the environment
The Patrimony of a company is:
1. The set of contributions that the partners have made available to the company
2. The set of goods and rights owned by the company
3. The set of goods that it owns and rights in its favor, as well as the obligations contracted by the company with the partners and with third parties
The value added tax is paid by:
1. The final consumer
2. The company that finishes the process of adding value to the product
3. The company that adds value to raw materials
The value added tax is:
1. A real or product tax
2. An indirect tax
3. A direct tax
A financial situation of absolute instability of a company is characterized because:
1. All goods and rights are financed with own resource, with no obligations
2. Assets are greater that liabilities
3. Current assets are less that current liabilities, this being a permanent situation
The ratio relates debts to equity is called:
1. Debt ratio
2. Solvency ratio
3. Liquidity ratio
In taxes, the tax base is:
1. Net base less deductions
2. None of the other answers is correct
3. The taxable event
The Annual Accounts are:
1. The Financing Table, the Profit and Loss account, the cash flow statement and the balance Sheet
2. The Balance Sheet, the Trial Balance, the statement of changes in equity, the report and the Profit and Loss Account
3. The Balance Sheet, the Profit and Loss Account, the statement of changes in equity, the statement of cash flows and the Report
A company is in suspension of payments when:
1. You lack liquidity to deal your debts
2. The set of all its assets is less that its payment obligations to third parties
3. It doesn't pay the bills when they are due
Mark the correct answer:
1. The Suppliers account belong to current assets
2. The Furniture account belongs to non-current assets
3. The Clients account belong to non-current liabilities