TEST SELECTIVIDAD 403.- Created by Antonio Ginés

What does the Balance Sheet of a company represent?
1. The economic and financial situation
2. The status of the debts that the company has
3. The balance of debtors and creditors
What does the equity/capital ratio analyze?
1. The volume of resources contributed by the partners against debts
2. The volume of reserves that the company has compared to the contributions of the partners
3. The level of debts that the company has compared to contributions
What is the name of the accounting document that gives us the result of the year and includes the income and expenses?
1. Balance
2. Profit and loss account
3. General Ledger
The Annual Accounts are:
1. The Profit and Loss Account, the statement of changes in equity, the statement of cash flows and the Report
2. The Balance Sheet, the statement of changes in equity, the statement of cash flows and the Profit and Loss Account
3. The Balance Sheet, the statement of changes in equity, the statement of cash flows, the Profit and Loss Account and the Report
Equity and Liabilities on the Balance Sheet of a company:
1. They only collect its short-term and long-term payment obligations
2. They represent the set of investments
3. They represent its financial structure
The patrimonial mass is defined as:
1. The grouping of elements that have the same economic-financial meaning
2. All those elements that the company owns
3. The set of elements located in the same business premises
The net worth of a company is:
1. The difference between assets and liabilities
2. The sum of the contributions of the partners and the positive results
3. Capital plus total liabilities
The most important objective of the company from the financial point of view will be:
1. Maximize the wealth of the company's shareholders
2. That its third-party resources are less that its own resources
3. Increase its billing level
Regarding the equilibrium situations of a company:
1. The normal situation is that non-current liabilities finance only non-current assets
2. Instability means that current assets are financed with current liabilities
3. The maximum stability or equilibrium occurs when the asset is financed with own resources
According to Spanish regulations:
1. The General Ledger isn't mandatory
2. The accounting must be carried out directly by the entrepreneurs
3. Accounting is only mandatory for social enterprises
If we analyze the patrimony of a company:
1. Its financial structure only includes long-term investments
2. Its economic structure is made up of all its goods and rights
3. Both the economic and financial structure aren't part of the patrimony
The value added tax is:
1. A direct tax
2. An indirect tax
3. A special contribution
Among other possible definitions, Accounting is:
1. The statistics of the most relevant aspect of the company
2. An information system of the relations of the company with its managers
3. A control system
The tax rate is:
1. The percentage that is applied to the net base
2. The volume of taxes that a company pays for its activity
3. The fixed amount paid to receive a service
The value of a publicly traded company can be calculated by:
1. Par value of shares x number of shares
2. Share price x number of shares
3. Share price x Earnings per share
Stocks can never be valued by the principle of:
1. Production cost
2. Realization value
3. Purchase price
What is the name of the accounting document that gives us the result of the year and includes the income and expenses
1. Diary book
2. Balance
3. Profit and loss account
The ease with which a patrimonial element can be transformed into money is called:
1. Liquidity
2. Cash ratio
3. Financial solvency
Goodwill is included in the balance sheet in:
1. Non-current liabilities
2. Non-current assets
3. Current assets
The principle of duality or double entry says that:
1. Every accounting event quantitatively modifies the patrimony of the company
2. None of the other answers is correct
3. Each accounting event implies the modification of, at least, two patrimonial elements
Assets accounts:
1. They are born and increase in debit and decrease in credit
2. They are born and increase in credit and decrease in debit
3. They work like income accounts
The sources of financing of the company are represented in:
1. The Profit and Loss Account
2. Equity and liabilities
3. The Assets
In the Balance:
1. The assets represents the financial structure
2. Liabilities are the sum of permanent capital and long-term debts
3. Assets inclued short and long-term investments
The patrimony of a company is:
1. The set of goods, rights and obligations
2. All its goods and rights
3. Its goods
Profitability relates:
1. The result obtained and the expected result
2. Profit and investment
3. Actual spending and sales volume