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

Soru 1:

Which of the following statements about the basic accounting equation is true?

A) Assets are on the right side of the equality while liabilities and owner’s equity are on the left side of the equality B) The left side of the equality will never be equal to the right side of the equality C) It shows the relationship among assets, liabilities, and owner’s equity D) In normal business life, the efficient way of financing total assets is to use only owner’s equity E) In the basic accounting equation, assets must never equal the sum of liabilities and owner’s equity.

Soru 2:

Which transaction belongs to the record in the figure?

A) Purchased merchandise inventory in cash B) Purchased merchandise inventory on account C) Selling merchandise inventory in cash D) Selling merchandise inventory on account E) Adjusting the inventory account

Soru 3:

Which one of the following is a sevice company?

A) Hospital B) Hotel C) Barber D) Cargo agency E) Grocery

Soru 4:

Which principle states that a company must perform strictly proper accounting only for significant items?

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

Soru 5:

Which of the following is true for managerial accounting?

A) It is the main tool to answer the questions asked by external users. B) Creditors use it to evaluate the risks of lending money. C) Investors buy or sell stocks based on information derived from managerial accounting. D) It is used to produce internal reports to help internal users in their decision making process. E) It is used to analyze the company’s ability to fulfill its obligations.

Soru 6:

Anadolu Company purchased 60 units of piano from Melody Company on cash. Price of a piano is 12.000 TL. Which of the following is true about the Anadolu company's entry?

A) Cash 650.000 debit B) Merchandise İnventory 720.000 credit C) Merchandise İnventory 650.000 debit D) Cash 720.000 credit E) Account Payable 720.000 credit

Soru 7:

..........................is the percentage relationship between the amount of credit sales and estimated losses from uncollectible accounts. Which of the following should be the dotted line?

A) Percentage of sales basis B) Bad debt expense percantage C) Cash discounts percantage D) Sales returns percantage E) Sales allowances percantage

Soru 8:

I. Raw Materials Inventory II. Work in Process Inventory III. Finished Goods Inventory Which of the inventory types is/are among the inventory accounts in financial statements of manufacturing companies?

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

Soru 9:

I.They are account and notes receivables from sales transactions. II.They are known as claims arising from credit sales or loan transactions. III.They can be classified with respect to the nature of the transaction or with respect to their maturity structures. Which one/ones is/are correct about receivables?

A) Only I B) I-II C) I-III D) II-III E) I-II-III

Soru 10:

Which account does a merchandiser use that a service company does not use?

A) Cost of the gold sold B) Merhandise Inventory C) Sales Revenue D) Service Revenue E) All of the above

Soru 11:

What reports the cost of goods and materials on hand which will be used in production?

A) Work in Process Inventory B) Raw Materials Inventory C) Finished Goods Inventory D) A Service Company E) Accounting Principles

Soru 12:

Which of the following buys merchandise inventory either from a producer or a wholesaler and then sells those goods to consumers?

A) Service company B) Manufacturing company C) Financial institution D) Retailer E) Whole seller

Soru 13:

.........................is a percentage relationship between amount of account receivables and estimated losses from uncollectible accounts. Which of the following should be the dotted line?

A) Percentage of sales basis B) Percentage of receivable basis C) Aging of accounts receivable percantage D) Accounts Receivable Turnover Ratio percantage E) Bad debt expense percantage

Soru 14:

Service companies Manufacturing companies Merchandising companies Which of the companies above are one of the categories classified based on their operations?

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

Soru 15:

Which of the following information users belong to internal users group?

A) Managers B) Investors C) Creditors D) Customers E) Suppliers

Soru 16:

I.Last-in, First-out (LIFO) is just the opposite of FIFO II.The cost of goods sold is based on the most recent purchases III.This method is also used in hyperinflationary economies Which one/ones is/are correct about Last-In, First-Out (LIFO) Method?

A) Only I B) I-II C) I-III D) II-III E) I-II-III

Soru 17:

Which of the following best completes the blank in the following statement? "Measure inventory in a timely and accurate manner is critical for ............. since inventory is often one of the largest current assets on a company’s balance sheet"

A) calculating the maximum cost B) having uninterrupted business operations C) reporting value for inventories on hand D) ending merchandise inventory E) estimating sales values

Soru 18:

Which of the following is not one of the objectives of internal control?

A) Ensuring that business information is accurate B) Making sure that employees comply with laws C) Knowing that assets are safeguarded and used for business purposes D) Showing that facts are misrepresented E) Being able to know that regulations are complied with

Final Sınavı - Accountıng I

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