Accountıng I Çıkmış Sorular, Online Deneme Sınavları, Çalışma, Dersler, Sınava Hazırlanma, vize, final

Soru 1:

Which one of the following express "at least two or more people work together to commit a fraud"?

A) Theft B) Fraud triangle C) Rationalization D) Collusion E) Opportunity

Soru 2:

Which of the foolowing is one of three parties while drawing a check that all these formal procedures represent the reliability of checks?

A) Cybersecurity B) Voucher C) Maker D) Cash flow E) Petty cash fund

Soru 3:

Internal control is a .........., affected by an entity’s board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives related to operations, reporting and ...........

A) Process, auditing B) Department, auditing C) Process, compliance D) Unit, governance E) Department, governance

Soru 4:

Which of the followings is true for "Inventories"?

A) Inventories are asset items that a company holds for sale in the ordinary course of business. B) Inventories are items that are not used or consumed in the production ofgoods to be sold C) Inventories do not come out as different categories in companies depending ontheir activities. D) Inventories are purchased by merchandising companies in a form ready for sale E) Inventories are not accounted companies' financial statements.

Soru 5:

If two parties agree on the shipment as FOB shipping point, which of the following party is responisble for the transportation?

A) The Buyer B) The Seller C) The Bank D) The Carrier E) The Warrantor

Soru 6:

I- Sell the inventory II- Purchase inventory III- Collect cash from customers Which of the above are included in the operating cycle of a merchandising company?

A) Only I B) Only II C) I and II D) II and III E) I, II and III

Soru 7:

I- Misappropriation of assets II- Fraudulent financial reporting III- Stealing from company Which of the above are among types of fraud?

A) Only I B) Only II C) I and II D) II and III E) I, II and III

Soru 8:

Which accounts go on the Post Closing Trial Balance?

A) The post-closing trial balance contains only revenue accounts. B) The post-closing trial balance contains only expense accounts. C) The post-closing trial balance contains norevenue,expense, gain, loss, or summary account balances, since these temporary accounts have already been closed and their balances moved into the retained earnings account as part of the closingprocess. D) The post-closing trial balance contains only income summary. E) The post-closing trial balance contains only liabilities and Capital accounts and assets.

Soru 9:

"This is a method of approximating the flow of inventory costs in a business that is used to determine the amount of cost of goods sold and ending merchandise inventory."? Which option is described above?

A) Inventory Cost Flow B) Periodic Inventory System C) Materiality Concept D) Perpetual Inventory System E) Conservatism

Soru 10:

Which of the following describes the document that shows the expected amount of cash receipt and payments for a period in the future?

A) Cash flow statement B) Cash budget C) Cash invoice D) Liquidity document E) Current asset

Soru 11:

When a company delivers good or services on credit which one is recognized?

A) Trade receivable B) Notes receivable C) Sale revenue D) Sales return E) Accounts receivable

Soru 12:

Which of the following is true about the term "receivable"?

A) Receivable is an accounting term associated with the amounts that are owed to the business by other parties. B) It is not possible to classify receivables with respect to the nature of the transaction or with respect to their maturity structures. C) The receivable term cannot be used for the cases when someone lends money to another person D) Receivables arise from main operating activities of companies and they are known as trade receivables differently from notes receivables. E) Receivables can be classified only as short-term receivables with respect totheir maturity structures.

Soru 13:

Which of the following best describes "Liquidity"?

A) The assets acquired to be used in business ‘s operations for more than 12 months and receivables of which due dates are more than 12 months B) The measure of how quickly and easily an account can be converted into cash C) The assets that will be converted into cash, sold, consumed or received within 12 months or within the business’s operating cycle, and the cash and cash equivalents. D) The report that shows the assets, liabilities and the owner’s equity in a specific date. E) The changes in the capital throughout the period caused by the owner’s capital investments or withdrawals, net profit or loss.

Soru 14:

Fraud can be classified into two common types according to their impacts on financial statements. In misappropriation of assets usually employee tries to cover the fraud up with an inaccurate entry or tries to steal the asset before recording process. Fraud can results from the conflict of different parties’ interests. Which of the statements above is true for fraud?

A) Only I B) Only II C) I and II D) II and III E) I, II and III

Soru 15:

In terms of control activities, which of the following procedure requires that different people should be determined for each different duty?

A) Hiring competent, reliable, and ethical personnel B) Information Technology C) Assignment of responsibilities D) Monitoring and audits E) Documentation

Soru 16:

According to Conservatism which of the following idea is not correct?

A) Anticipate no gains, but provide for all probable losses. B) If in doubt, record an asset the lowest reasonable amount and reliability at the highest reasonable amount. C) When there is a question, record an expense rather than an asset D) When you are faced with a decision between two possible options, you must choose the option that undervalues, rather than overvalues, your business E) When there is a question,ıt should be not recorded.

Soru 17:

Which of the following includes the liabilities that the company has to pay either with cash of by handling goods or services within one year or in an operating cycle?

A) Current assets B) Non-current assets C) Current liabilities D) Non-current liabilities E) Owner's equity

Soru 18:

...............................reduce the amount of accounts receivables since the customer delivers back the goods or the company waives a portion of its claim due to product defects. Which of the following should be the dotted line?

A) Cash (net) realizable value B) Recognition of Accounts Receivable C) Sales returns and allowances D) Valuation of accounts receivable E) Disposition of accounts receivable

Soru 19:

ABC Company uses periodic inventory system. The begnning inventory is 10,000 TL, purchases in that period is 5,000TL and the ending inventory costs 1000 TL. Which of the following is the cost of goods sold during the period?

A) 10,000 B) 11,000 C) 14,000 D) 15,000 E) 16,000

Soru 20:

Which of the following is the definition of "consistency principle", which is an inventory-related accounting principle?

A) It iholds that companies should use the same accounting methods and procedures in each accounting period. B) It is about that financial statements by themselves are just composedof numbers without any additional information. C) It states that a company must perform strictly proper accounting only for significant items. D) It is about being careful in reporting items in the financial statements. E) It is about reporting some information in your financial statements.

Final Sınavı - Accountıng I

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