Which are constraints of French accounting Which are constraints of French accounting? (choose 2) A. Compliance with Plan Comptable Général (PCG) B. Compliance with French tax laws C. No

Under French PCG, fixed assets (immobilisations) include Under French PCG, fixed assets (immobilisations) include: (choose 3) A. Land (terrains) B. Buildings (bâtiments) C. Equipment (mat&eacute

Which are revenue accounts (Class 7) in French PCG Which are revenue accounts (Class 7) in French PCG? (choose 2) A. Sales of goods (ventes de marchandises) B. Service revenue (revenus de services) C.

In French accounting, which affect equity In French accounting, which affect equity? (choose 2) A. Net income (bénéfice net) B. Dividends (dividendes) C. Purchase of inventory D. Payment

Which are current liabilities (dettes courantes) in French PCG Which are current liabilities (dettes courantes) in French PCG? (choose 3) A. Accounts payable B. Short-term bank loans C. Accrued salari

Under French rules, the Annexe (notes) discloses Under French rules, the Annexe (notes) discloses: (choose 3) A. Accounting policies B. Contingent liabilities C. Fixed asset details D. Daily cash tran

Which are depreciation/amortization terms used in French accounting Which are depreciation/amortization terms used in French accounting? (choose 2) A. Amortissement B. Dépréciation C. Ap

In French PCG, Class 4 includes: In French PCG, Class 4 includes: (choose 2) A. Clients (accounts receivable) B. Fournisseurs (accounts payable) C. Cash D. Inventory Answer: A, B Explanation: Class 4

Which are characteristics of French accrual accounting Which are characteristics of French accrual accounting? (choose 2) A. Transactions recorded when incurred, not only when cash is paid B. Revenue

Under French accounting, revenue recognition applies to Under French accounting, revenue recognition applies to: (choose 2) A. Sales of goods (ventes de marchandises) B. Services rendered (prestations

Which are intangible assets (immobilisations incorporelles) in French PCG Which are intangible assets (immobilisations incorporelles) in French PCG? (choose 2) A. Goodwill (fonds de commerce) B. Trade

In French accounting, double-entry bookkeeping requires In French accounting, double-entry bookkeeping requires: (choose 2) A. Each transaction has equal debits and credits B. At least two accounts ar

Which are liabilities under French PCG Which are liabilities under French PCG? (choose 2) A. Accounts payable (fournisseurs) B. Accrued expenses (charges constatées d’avance) C. Patents D

Under French rules, equity (capitaux propres) includes Under French rules, equity (capitaux propres) includes: (choose 3) A. Share capital (capital social) B. Reserves (réserves) C. Retained ea

Which are expense accounts (Class 6) in French PCG Which are expense accounts (Class 6) in French PCG? (choose 2) A. Purchases (achats) B. Salaries (salaires) C. Sales (ventes) D. Capital (capital) An

In French accounting, current assets (actif circulant) include In French accounting, current assets (actif circulant) include: (choose 3) A. Cash (trésorerie) B. Inventory (stocks) C. Accounts

Which are French accounting fundamental principles Which are French accounting fundamental principles? (choose 3) A. Prudence B. Going concern C. Consistency D. Tax minimization Answer: A, B, C Explan

Under French PCG, which are asset classes Under French PCG, which are asset classes? (choose 2) A. Class 2 B. Class 3 C. Class 6 D. Class 7 Answer: A, B Explanation: Class 2 (intangible fixed assets)

Which are core financial statements under French accounting rules Which are core financial statements under French accounting rules? (choose 3) A. Bilan (Balance Sheet) B. Compte de Résultat (I

Which principle matches expenses with the revenues they generate in French accounting Which principle matches expenses with the revenues they generate in French accounting? A. Prudence B. Matching (Ra

In French PCG, Trésorerie (cash and cash equivalents) is: In French PCG, Trésorerie (cash and cash equivalents) is: A. Class 5 B. Class 4 C. Class 3 D. Class 2 Answer: A Explanation: Cla

What is the main purpose of French financial statements What is the main purpose of French financial statements? A. To minimize taxes B. To provide reliable financial information to users C. To track

Which account is used to record owner investments in French PCG Which account is used to record owner investments in French PCG? A. Class 10 (Capital) B. Class 20 C. Class 30 D. Class 40 Answer: A Exp

In French accounting, Crédit means: In French accounting, Crédit means: A. Debit B. Credit C. Asset D. Liability Answer: B Explanation: Crédit is the French term for credit, the o

The going concern principle in French accounting assumes: The going concern principle in French accounting assumes: A. The company will liquidate soon B. The company will continue operations for the f