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

Soru 1:

The accounting equation can be expressed as......

A) Assets+Liabilities=Owners’ Equity B) Assets=Liabilities+Owners’ Equity C) Assets=Liabilities-Owners’ Equity D) Owners’ Equity x Liabilities=Assets E) Owners’ Equity+Assets=Liabilities

Soru 2:

On January 15, 2018, AB Cleaning performs 3,000 TL of cleaning service for its client. The client pays 1,500 TL in cash and states that the rest of this amount will be paid in following days of January. Which of the following account is used in this transaction?

A) Accounts Receivable B) Unearned Revenue C) Prepaid Expenses D) Accounts Payable E) Banks

Soru 3:

Which of the following terms refers to the total assets of an entity, minus its total liabilities?

A) assets B) liabilities C) owner's equity D) cash E) transaction

Soru 4:

Which one is the first step in accounting cycle?

A) Preparing balance sheet B) Preparing income statement C) Opening entries based on opening balance sheet D) Making closing entries E) Preparing post-closing trial balance

Soru 5:

Which of the following is not true for "chart of accounts"?

A) A chart of accounts is a created list of the account names used by an organization to define each class of items. B) A chart of accounts is used to organize a company’s accounts C) Chart of accounts is simply a list of account names that a company uses in its general ledger for recording various business transactions D) It provides guidance to accountants or other relevant persons in using specific account names E) A chart of accounts does not record transactions within a firm

Soru 6:

What is the full cycle of accounting?

A) The steps in accounting cycles briefly:Opening entries based on opening balance sheetPosting opening entries to ledger accountsAnalyzing and journalizing daily transactionsPosting daily transactions to accountsPreparing monthly trial balancesPreparing unadjusted trial balance at the end of the periodAdjusting entriesPreparing adjusted trial balancePreparing financial statementsClosing entriesPreparing post-closing trial balance B) The accounting cycle is often described as a process that includes the following-steps: identifying, collecting and analyzing documents and transactions. C) The accounting cycle is often described as a process that includes the following-steps: posting the journalized amounts to accounts in the general and subsidiary ledgers D) The accounting cycle is often described as a process that includes the following-steps, preparing an unadjusted trial balance. E) An accounting cycle includes three main stages of activities;beginning of the period activitiesduring the period activitiesend of the period activities

Soru 7:

What is the matching rule?

A) Matching is expense that is recognized after cash is paid. B) Matching is expense that is recognized before cash will be paid. C) An accounting rule that says revenues must be assigned to the accounting period in which the goods were sold or the services performed. D) An accounting rule that says revenues must be assigned to the accounting period in which the goods will be sold or the services will be performed in the future. E) As a matching principle, revenues recognition means that you will record the revenues.

Soru 8:

Which of the following means that you will record the expenses at the same time with the revenues related with these expenses are recorded?

A) Matching principle B) Revenue recognition principle C) Liquidity D) Adjusting process E) Accrual basis accounting

Soru 9:

Beginning of the period activities deal with the opening transactions of the company. After the closing entries done for the previous term, the accounts have to be opened for the new fiscal year. The opening of the accounts is based on the ______________ which is also the closing balance sheet of the ended period. Which of the following completes the sentence above?

A) journal entry B) daily transaction C) opening balance sheet D) adjusting entry E) owner's equity

Soru 10:

Which of the following is not one of the factors which increase or decrease the level of owner’s equity?

A) Contributions by owner(s) B) Distributions to owner(s) C) Expenses. D) Creditor(s) E) Revenues

Soru 11:

Revenues and expenses are reported in the ...............; assets, liabilities and owner’s equity are reported in the .................

A) Income statement, balance sheet B) Statement of owners equity, balance sheet C) Balance sheet, income statement D) Income statement, Statement of owners equity E) Balance sheet, Statement of owners equity

Soru 12:

I. Income statement II. Statement of owner’s equity III. Balance sheet Which of the above is/are (a) financial statement(s)?

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

Soru 13:

The left side of an account is referred to as the

A) Ledger side B) Credit side C) Debit side D) Foot side E) Chart side

Soru 14:

Which of the following is NOT included in Typical Liability Accounts ?

A) Accounts Payable B) Unearned Revenue C) Cash D) Notes Payable E) Accrued Liabilities

Soru 15:

….. is an individual accounting tool that shows the increases and decreases in a specific asset, liability, or owner’s equity item during a specified period.

A) An account B) An credit C) An balance D) An Ledger E) An Journal

Soru 16:

In accrued revenue, revenue is recognized ______________. Which of the following completes the statement above?

A) when it is earned B) after the cash is received C) after the cash is paid D) before the cash is paid E) before the cash is received

Soru 17:

Which of the following is just before the balance sheet?

A) Recording in the Journals. B) Adjusted Trial Balance. C) Unadjusted Trial Balance. D) Financial Statements E) Posting to the Ledger.

Soru 18:

............ is the measure of how quickly and easily an account can be converted into cash.

A) Liquidity B) Current assets C) Current liabilities D) Convertibles E) Receivables

Soru 19:

Dolphin Inc. purchased supplies for 2.500 during 2017. At year end, Dolphin had 500 of supplies left. The adjusting entry should....

A) credit supplies 2.000 B) credit supplies 500 C) debit supplies 2.000 D) debit supplies expense 2.000 E) credit supplies expense 2.000

Soru 20:

Which of the following shows the change in cash position of the company over an accounting period?

A) income statement B) owner’s equity statement C) statement of cash flows D) balance sheet E) financial transactions