Practice once a day
Elementary Accounting in the Classroom
Starting from today, we will regularly summarize the daily practice questions for you, and hope that you will make a little progress every day and open a new chapter in accounting!
Elementary Accounting Practices
1.(Multiple choice) the enterprise will provide its own houses to the administrative personnel of the enterprise free of charge, among the following items, the accounting treatment of the depreciation of the housing is correct ( ).
a.The Other Operating Costs account is debited and the Accumulated Depreciation account is credited.
b.The Other Receivables account is debited and the Accumulated Depreciation account is credited.
c.The Non-Operating Expenses account is debited and the Accumulated Depreciation account is credited.
d.The Administrative Expenses account is debited, the Employee Compensation Payable account is credited, and the Employee Compensation Payable account is debited and the Accumulated Depreciation account is credited.
2.(Multiple choice question) The enterprise deducts the employee rent from the wages payable to the employees, and the accounting account that should be debited is ( ).
a.Employee compensation payable.
b.Management fees.
c.Other receivables.
d.Other payables.
3.Among the following items, the one that does not belong to the employee's remuneration is ( ).
a.Medical insurance paid for employees.
b.Housing provident fund for employees.
c.Reimbursement of travel expenses for employees on official business.
d.Pay for employee skills training.
4.Among the following items, there are ( ) that should be used as the remuneration payable to employees
a.Payment of social insurance premiums for employees.
b.Housing provident fund is paid for employees.
c.Provide employees with living difficulties subsidy.
d.Short-term profit-sharing plans.
5.Among the following statements about post-employment benefits, ( ) is incorrect
a.Post-employment benefits refer to the remuneration of employees that need to be paid in full within 12 months after the end of the annual reporting period for the relevant services provided by the employees.
b.A defined benefit plan is a post-employment benefit plan that refers to a stand-alone** post-employment benefit plan in which the business is not obligated to make further payments after a fixed fee has been made.
c.Post-employment benefits are compensation given to employees by enterprises to encourage them to voluntarily accept layoffs.
d.A set deposit and withdrawal plan is a post-employment benefit plan that is not subject to further payment obligations after a fixed fee has been deposited independently**.
Answer analysis
1.【Answer】d
Accounting for short-term employee compensation - non-monetary employee compensation.
Analysis] The enterprise will provide its own houses to the administrative personnel of the enterprise free of charge, and when the depreciation is accrued:
Borrow: Administrative expenses
Credit: Employee Compensation Payable
At the same time: borrow: payable employee compensation
Credit: Accumulated depreciation.
2.【Answer】a
Test Center] The content of employee compensation.
Analysis] Accounting entries when deducting the rent of employees on behalf of the disbursement:
Borrow: Employee remuneration payable
Credit: Other receivables.
3.【Answer】c
Test Center] The content of employee compensation.
Analysis] Employee compensation is divided into short-term employee compensation and long-term employee compensation. Among them, short-term employee compensation includes employee welfare expenses, medical insurance premiums (option A), social insurance premiums such as work-related injury insurance premiums, housing provident fund (option B), trade union funds and employee education expenses (option D), short-term paid absence, short-term profit-sharing plan, other short-term compensation, employee wages, bonuses, allowances and subsidies; Option C, employee travel expenses should be included in profit or loss for the current period (there is no specific provision for travel expense standards, and in practice there will also be sales expense accounts).
4.【Answer】ABCD
Test Center] The content of employee compensation.
Analysis] Options a, b, c, and d are all content of employee compensation. Among them, a short-term profit-sharing plan refers to an agreement with employees to provide remuneration based on profits or other operating results for the services provided by employees.
5.【Answer】ABC
Accounting for long-term employee compensation - post-employment benefits.
Analysis] Option A is incorrect, short-term remuneration refers to the remuneration of employees that the enterprise needs to pay in full within 12 months after the end of the annual reporting period for employees to provide relevant services, and post-employment benefits belong to long-term employee remuneration; Option B is incorrect, option D is correct, and companies should classify after-employment benefit plans into defined contribution plans and defined benefit plans. A defined benefit plan is a post-employment benefit plan other than a defined contribution plan; A set deposit and withdrawal plan is a post-employment benefit plan that is not subject to further payment obligations after a fixed fee has been deposited independently**. Option C is incorrect, dismissal benefits refer to the compensation given to employees by an enterprise to terminate the employment relationship with an employee before the expiration of the employee's labor contract, or to encourage the employee to voluntarily accept the layoff.
Elementary Accounting Economic Law
1.In 2021, Company A obtained 10 million yuan of income from the sale of goods, and the business entertainment expenses related to production and business activities were 60,000 yuan, and it is known that when calculating the taxable income of enterprise income tax, the business entertainment expenses will be deducted according to 60% of the amount incurred, but the maximum shall not exceed 5 of the sales (business) income of the current year. When calculating the taxable income of enterprise income tax in 2021, Company A is allowed to deduct business entertainment expenses as ( ).
a.60,000 yuan.
b.50,000 yuan.
c.4.970,000 yuan.
d.3.60,000 yuan.
2.According to the provisions of the legal system of enterprise income tax, among the following items, tax-exempt income is ( ).
a.The ** nature of collecting and including financial management in accordance with the law.
b.Interest income on government bonds.
c.Income from the transfer of property.
d.Royalty income.
3.According to the provisions of the legal system of enterprise income tax, among the following items, the preferential policy of "tax credit" is ( ).
a.Non-advertising sponsorship expenditures by businesses.
b.Wages paid by the enterprise to employees with disabilities.
c.10% of the investment in environmental protection equipment specified in the relevant national catalogue for the purchase and actual use of the enterprise is provided.
d.Venture capital enterprises adopt equity investment methods to invest in unlisted small and medium-sized high-tech enterprises for more than 2 years, and 70% of the investment amount.
4.According to the provisions of the legal system of enterprise income tax, among the following items, the goods that should be regarded as sold are ( ).
a.Use the goods for advertising.
b.Use the goods for donations.
c.Use the goods for debt repayment.
d.Use the goods for sponsorship.
5.The income of enterprises engaged in marine aquaculture projects is exempt from enterprise income tax. （
Answer analysis
1.【Answer】d
Test Center] Calculation of taxable income of enterprise income tax.
Analysis] The business entertainment expenses incurred by the enterprise related to its production and operation business shall be deducted according to 60% of the amount incurred, but the maximum shall not exceed 5% of the sales (operation) income of the current year. Deduction limit = 1 000 5 = 5 (10,000 yuan), 60% of the actual amount = 6 60% = 36 (10,000 yuan), and the business entertainment expenses allowed to be deducted before tax are 360,000 yuan. (Or, tax increase = 60,000 yuan - 3.)60,000 yuan = 240,000 yuan).
2.【Answer】b
Test Center] Calculation of taxable income of enterprise income tax. Corporate income tax incentives.
Analysis] Option A is non-taxable income. Options C and D are taxable income.
3.【Answer】c
Test Center] Corporate Income Tax Incentives.
Analysis] Option A, which cannot be deducted before tax. Option B enjoys the preferential policy of "additional deduction". Option C, enjoy the preferential policy of "tax credit". Option D is a preferential policy of "deduction of taxable income" (instead of tax credit).
4.【Answer】ABCD
Test Center] Calculation of taxable income of enterprise income tax.
Analysis] If an enterprise exchanges non-monetary assets, as well as uses goods, property and services for donations, debt repayment, sponsorship, fundraising, advertising, samples, employee benefits or profit distribution, it shall be regarded as selling goods, transferring property or providing services.
5.[Answer].
Test Center] Corporate Income Tax Incentives.
Analysis] The income obtained by enterprises engaged in marine aquaculture and inland aquaculture shall be reduced by half and levied enterprise income tax.