Matakuliah
Tahun
: V0232 – Akuntansi Keuangan Hotel
: 2009
EXERCISES
Week 1
EXERCISES
1.2 Given the accounting equation, answer each of the
following question.
1. The liabilities of Frank’s Smoothies are $120,000, and
the stockholders’ equity is $325,000. What is the amount
of Frank’s total assest?
2. The total assest of Pizza Gina are $360,00, and the
stockholders’ equity is $210,000. What is the amount
of its total liabilities?
1.3 At beginning of the year, Rita Pasta Company had total
assets of $780,000 and total liabilities of $400,000.
Answer the
following question.
1. If total assets increased $125,000 during the year and
total
liabilities decreased $780,000 and total what is
the amount of
stockholders’ equity at the end of the
EXERCISES
2. During the year, total liabilities increased $100,00,
and
stockholders’ equity decreased $50,000.
What is
the amount of
total assets at the end of
the year?
1.4 Classify each of the following items as assets (A),
liability (L),
revenue (R), or expense (E).
___(a) Food inventory
___(b) Rooms revenue
___(c) Salaries and wages expense
___(d) Property management system
___e) Taxes payable
___(f ) Rent expense
___(g) Beverage revenue
___(h) Cash
EXERCISES
1.5 Sunny’s Noodles has the following balance sheet items.
Account payable
Accounts receivable
Insurance expense
Taxes payable
Wages expense
Food Inventory
Cash
Kitchen equipment
Instruction:
Classify each item as an assets, liability, or
stockholder’s equity
EXERCISES
2.1
Indicate whether each of the following
statements is true
(T) or False (F).
___ GAAP stands for generally accepted accounting
practices
___ FASB stands for Financial Accounting Standarts
Board
2.2 Which of the following is Yes (Y) or is not (N) part of
the
FASB
conceptual framework?
___ Objectives of managerial reporting
___ Elements of Financial statements
EXERCISES
2.3 Which of the following is yes (Y) or is not (N) a part of
the
three objectives of financial reporting under
FASB?
___The information is useful to the employees only.
___The managerial forms are helpful in asseing
current cash flow
2.4 Presented below are four concepts. Please match
each one with
the correct scenario.
___Hotel Del Sol uses the Uniform System of
Accounts so that it can assesshow it is performing
financially againts like hotels.
___The controller at Hotel Del Sol provides
information that is timely and has feedback and
predictive value
EXERCISES
2.5 The operating guidelines of accounting have three
parts:
assumptions,
principles,
andconstraints.
Please match these
guidelines with following by
indicating “A” for assumption “P” for principles, and “C”
for contraints
___Going concern
___Time period
___Materiality
EXERCISES
2.6 Presented below are six business transactions. On a
sheet of paper, list the letters (a), (b), (c)with columns
for assets,
liabilities, and stockholder’s equity. For
each column, indicate whether
the
transactions
increased (+), descreased (-), or had
no
effect
(NE) on assets, liabilities
(a) Purchased food on account
(b) Received cash for providing catering service
(c) Billed customer for $5,000 on hotel room sold
(d) Paid $150 for electricity bill