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

Soru 1:

If two parties agree on the shipment as FOB shipping point, transportation is the buyer’s responsibility. It is also called _____ . Which of the following best completes the statement above?

A) Shipping B) Freight-out C) FOB destination point D) FOB shipping point E) Freight-in

Soru 2:

Which of the following shows the expense of inventories that sold to the costumers?

A) Ending inventory B) Begining inventory C) Cost of goods sold D) Service cost E) Sales revenue

Soru 3:

Which of the followings measures the liquidity of accounts receivable and is calculated as net credit sales divided by net accounts receivable?

A) Cash (Net) Realizable Value B) Percentage of sales basis C) Percentage of receivable basis D) Aging of accounts receivable E) Accounts Receivable Turnover Ratio

Soru 4:

Which one is the writer of a note, promises to pay?

A) Promissory note B) Maker C) Payee D) Notes payable E) Notes receivable

Soru 5:

Which of the following can be classified as a merchandising company?

A) A cleaning service company B) A company producing car parts C) A private primary school D) A restaurant E) A coffee import company

Soru 6:

Which principle holds that companies should use the same accounting methods and procedures in each accounting period, so that the information provided will help investors and creditors to compare a company’s financial statements from one period to the next?

A) Perpetual Inventory System B) Conservatism C) Materiality Concept D) Disclosure Principle E) Consistency Principle

Soru 7:

The average collection period for receivables is computed by dividing 365 days by?

A) Average accounts receivable B) Ending account receivables C) Account receivable turnover ratio D) Beginning account receivables E) Net credit sales

Soru 8:

Which of the following is incorrect information about the perpetual inventory system?

A) Perpetual inventory system inventory accounts do not provide information on inventory whenever needed. B) The first transaction in the sales transaction in the perpetual inventory system is record the amount of revenue and increase either in cash or in receivables. C) Transportation costs are recorded as “delivery expense” if the shipment is FOB destination. D) In FOB shipment point, the seller has no responsibility related to transportation. E) The second transaction in the sales transaction in the perpetual inventory system is record the amount of COGS and decrease in inventory.

Soru 9:

Which of the following is the gross increase in owner’s equity from delivering goods or services to customers and clients?

A) Benefit B) Income C) Expense D) Revenue E) Loss

Soru 10:

Inventories are assets; I. Held for sale in the ordinary course of business; II. Use in the process of production for such sale III. In the form of materials or supplies to be consumed in the production process or in the rendering of the services. Which of the following statements are correct?

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

Soru 11:

Which of the following is true for "sales returns and allowances"?

A) Sales returns and allowances are the amount owed to a company by customers as a result of delivering goods or services B) Sales returns and allowances are comparably liquid form of asset, where usually it takes 30 to 90 days to be converted into cash. C) Sales returns and allowances are recognized when a company delivers good or services on credit D) Sales returns and allowances show the credit sales price adjusted for returns,discounts, and allowances E) Sales returns and allowances reduce the amount of accounts receivables.

Soru 12:

When a company sells goods or services to its customer on credit, how does the company record this transaction?

A) Cash account is debited; sales revenue is credited. B) Cash account is credited; sales revenue is debited. C) Cash account is debited; sales revenue account is credited. D) Account receivables account is debited; sales revenue account is credited. E) Account receivables account is credited; sales revenue account is debited.

Soru 13:

"It reports the cost of goods and materials on hand which will be used in production" Which of the following is defined in the statement above?

A) Raw Materials Inventory B) Work in Process Inventory C) Finished Goods Inventory D) Merchandise inventory E) Retail inventory

Soru 14:

Why do the companies have to use the same accounting system (periodic or perpetual inventory system) and the same inventory cost flow system (specific identification, weighted average cost, FIFO or LIFO) within the accounting periods?

A) To unsold units left on hand as “Merchandise Inventory” in its financial statements. B) To provide comparability of their financial statements. C) To make knowledgeable decisions about the company. D) To determine how frequently merchandise inventory is sold. E) To measure inventory in a timely and accurate manner is critical for having uninterrupted business operations.

Soru 15:

In which inventory system there is no record for Cost of Goods Sold (COGS) until the end of accounting period?

A) Periodic inventory system B) Perpetual inventory system C) Real inventory system D) Random inventory system E) Gross inventory system

Soru 16:

Which of the following is true about the sales returns and allowances?

A) They reduce the amount of accounts receivables. B) They occur when the goods are delivered on credit. C) They increase the profitability of goods. D) They result from the reduction in the catalogue price. E) They are intended to encourage the customer to make their payment earlier.

Soru 17:

Which one of the following is the end of an operating cycles one round?

A) Purchase inventory B) Sell the inventory C) Collect cash from costumers D) Depreciation entities E) Post-closing entities

Soru 18:

Pressure Opportunity Collusion Rationalization Which of the factors above are part of fraud triangle?

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

Soru 19:

Which of the following internal control environment defines a set of standards, processes, and structures that provide a basis to carry control consciousness across the businesses?

A) Control environment B) Risk assessment C) Control activities D) Information and communication E) Monitoring activities

Soru 20:

Which of the following should be prepared after adjusting entries?

A) Posting opening entries to ledger accounts B) Preparing monthly trial balances C) Preparing post-closing trial balance D) Closing entries E) Preparing adjusted trial balance