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

Soru 1:

….. represents the net contribution of the owner in the business.

A) Accounts Payable account B) Owner’s Capital account C) Land account D) Accounts Receivable account E) Expense account

Soru 2:

What is the difference between a business's revenues and its expenses?

A) The difference between a company's revenues and expenses is called debts of the company during an accounting period. B) Net income or loss represents the difference between a company's revenues and expenses during an accounting period. C) The difference between a company's revenues and expenses is owner capital of the company during an accounting period. D) The difference between a company's revenues and expenses is profit of the company during an accounting period. E) The difference between a company's revenues and expenses is Accounts Payable of the company during an accounting period.

Soru 3:

Which of the following is the basis for the preparation of financial statements?

A) Profit Distribution Table B) Journal C) Income statement D) Balance sheet E) Adjusted Trial Balance

Soru 4:

.................. includes identification of economic events to understand how it affects accounting equation and which accounts should be used in recording.

A) Ledger B) Journal C) Posting D) Support document E) Analyzing

Soru 5:

Which of the following statements is wrong?

A) Adjusting Entries are necessary every time financial statements are prepared B) Basic categories of adjusting entries are deferrals and accruals C) Accrued expenses are advance payments of future expenses D) Depreciable amount is the cost of an asset, or other amount substituted for cost, less than its residual value E) Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life

Soru 6:

Which of the following is not among the external users of information?

A) investors B) creditors C) taxing authorities D) managers E) government

Soru 7:

Which of the following is an asset account?

A) Prepaid Expenses B) Accounts Payable C) Unearned Revenue D) Notes Payable E) Revenues

Soru 8:

Which one of the following is the last step of the accounting cycle?

A) Closing entries B) Preparing financial statements C) Preparing post-closing trial balance D) Preparing adjusted trial balance E) Adjusting entries

Soru 9:

When an expense is recognized after the cash paid, which of the following is not true?

A) It is called as deferred expense. B) It is called as accrued expense. C) It is an advance payment of future expenses. D) It is a prepayment E) It is called as prepaid expense.

Soru 10:

Which of the following is not a section in a classified balance sheet?

A) Current assets B) Non-current assets C) Current liabilities D) Owner's Equity E) Trade Receivables

Soru 11:

In which of the following financial statement, company reports revenues, expenses and their differences?

A) Income statement B) Balance sheet C) Statement of owner’s equity D) Adjusted trial balance E) Post-Closing Trial Balance

Soru 12:

Which one is not among the current assets?

A) Cash B) Merchandise inventory C) Supplies D) Trade names E) Marketable securities

Soru 13:

Which of the following is TRUE about non-current liabilities ?

A) Financing current assets with non-current liabilities is more advantegous. B) Non-current liabilities are the liabilities that their maturity dates are within one year. C) Companies use their non-current liabilities for financing only non-current assets. D) Non-current liabilities explain the measure of how quickly and easily an account can be converted into cash. E) Non-current liabilities report the changes in the capital throughout the period caused by the owner’s net profit or loss.

Soru 14:

Distributions _______ on left side by debiting while _______ on right side by crediting and normally show debit balance. Which of the following completes the statement above?

A) increase/ decrease B) increase/ increase C) decrease/ decrease D) decrease/ increase E) increase/ stay the same

Soru 15:

Which of the following is an example of external information users?

A) Government B) Taxing authorities C) Managers D) Investors E) Suppliers

Soru 16:

Which of the following is the internal user of accounting?

A) Investors B) Manages C) Creditors D) State E) Customers

Soru 17:

Expenses incurred but not yet paid or recorded at the end of the accounting period are accrued expenses. How should the company make the adjusting entry for accrued expenses?

A) Expense account will be debited and a liability account will be credited. B) Liability account will be debited and an expense account will be credited. C) An asset account will be debited and a revenue account will be credited. D) A liability account will be debited and an asset account will be credited. E) Expense account will be debited and a revenue account will be credited.

Soru 18:

XX Company purchased an Office Building on January 1, 2018, and the cost of the office building is 300,000 TL, and the residual value is 20,000 TL.The business believes that the office building will remain useful for 40 years, and at the end of 40 years, it will be worthless. If we they use straight-line depreciation method, which of the following is the depreciation for each period?

A) 5,000 B) 6,000 C) 7,000 D) 8,000 E) 10,000

Soru 19:

"The time-period concept assumes that........." Which of the following statement appropriately completes the sentence above?

A) Revenue is the gross decrease in owner’s equity from delivering goods or services. B) financial statements will not be prepared for specific periods such as a month, quarter. C) unlimited economic life of a company will be divided into regular intervals. D) The basic accounting period is not assumed to be one year. E) virtually all businesses are supposed to have an already prepared montly financial statements.

Soru 20:

........... is the procedure of transferring journal entries to the ledger accounts.

A) Ledger B) Debiting C) Posting D) Trial balance E) Liabilities