Which is an intangible asset under French PCG Which is an intangible asset under French PCG? A. Land B. Patents (brevets) C. Inventory D. Cash Answer: B Explanation: Intangible assets (immobilisations

Under French accounting, revenue from sales is recorded in Under French accounting, revenue from sales is recorded in: A. Class 6 B. Class 7 C. Class 4 D. Class 5 Answer: B Explanation: Class 7 of the

What is Débit in French accounting What is Débit in French accounting? A. Credit B. Debit C. Balance D. Journal Answer: B Explanation: Débit is the French term for debit, which is

In French PCG, Stocks (inventory) belongs to In French PCG, Stocks (inventory) belongs to: A. Class 2 B. Class 3 C. Class 4 D. Class 5 Answer: B Explanation: Under PCG, Class 3 is dedicated to current

Which principle ensures consistency in French accounting from one period to the next Which principle ensures consistency in French accounting from one period to the next? A. Prudence B. Consistency (P

In French accounting, Charges means: In French accounting, Charges means: A. Revenues B. Expenses C. Assets D. Liabilities Answer: B Explanation: Charges is the French term for expenses. It refers to

What is the purpose of the Annexe in French financial statements What is the purpose of the Annexe in French financial statements? A. To show cash flows B. To disclose notes and details to the balance

The French fiscal year (exercice comptable) usually ends on The French fiscal year (exercice comptable) usually ends on: A. December 31 B. June 30 C. March 31 D. Any date Answer: A Explanation: While

Which is a long-term liability (dettes à long terme) under French rules Which is a long-term liability (dettes à long terme) under French rules? A. Accounts payable B. Bank overdraft C.

A client account (clients) in French PCG is A client account (clients) in French PCG is: A. Class 4, asset B. Class 4, liability C. Class 2, asset D. Class 5, asset Answer: A Explanation: Client accou

In French PCG, Amortissement refers to In French PCG, Amortissement refers to: A. Appreciation B. Depreciation C. Amortization (intangible assets) D. B and C Answer: D Explanation: In French accountin

Which document records daily transactions in chronological order in French accounting Which document records daily transactions in chronological order in French accounting? A. Grand Livre B. Journal C

The principle that each transaction affects at least two accounts in French double-entry is The principle that each transaction affects at least two accounts in French double-entry is: A. Prudence B.

In French accounting, Capitaux propres means: In French accounting, Capitaux propres means: A. Liabilities B. Equity C. Revenue D. Expenses Answer: B Explanation: Capitaux propres is the French term f

Which is a current asset (actif circulant) under French PCG Which is a current asset (actif circulant) under French PCG? A. Buildings B. Goodwill C. Inventory (stocks) D. Long-term loans Answer: C Exp

Under French accrual accounting, expenses are recognized Under French accrual accounting, expenses are recognized: A. When paid B. When incurred C. At year-end only D. When invoiced by supplier Answer

What is TVA in French accounting What is TVA in French accounting? A. Total Value Asset B. Tax on added value (VAT) C. Trade payable D. Treasury variance Answer: B Explanation: TVA stands for Taxe sur

A supplier account (fournisseurs) in French PCG is A supplier account (fournisseurs) in French PCG is: A. Class 4, liability B. Class 4, asset C. Class 5, liability D. Class 3, asset Answer: A Explana

In French accounting, Comptes de Classe 6 are: In French accounting, Comptes de Classe 6 are: A. Revenues B. Expenses C. Assets D. Liabilities Answer: B Explanation: Under PCG, Class 6 accounts are de

Which principle requires anticipating potential losses but not unrealized gains in French accounting Which principle requires anticipating potential losses but not unrealized gains in French accountin

What does the French Compte de Résultat correspond to What does the French Compte de Résultat correspond to? A. Balance sheet B. Income statement C. Trial balance D. General ledger Answe

Which financial statement shows financial position at a specific date under French rules Which financial statement shows financial position at a specific date under French rules? A. Income Statement B

In French PCG, which class contains intangible assets In French PCG, which class contains intangible assets (immobilisations incorporelles)? A. Class 1 B. Class 2 C. Class 3 D. Class 4 Answer: B Expla

Under French accounting (Plan Comptable Général, Under French accounting (Plan Comptable Général, PCG), what is the basic accounting equation? A. Assets = Liabilities + Equ

Which items are part of working capital Which items are part of working capital? A. Inventory B. Trade receivables C. Trade payables D. Non-current assets Answer: ABC Explanation: Working capital = cu