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

Soru 1:

I. Cash basis II. Valuation basis III. Accrual basis Which of the above is/are takes place in the main basis of accounting?

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

Soru 2:

Which of the following statement is true for "cash basis accounting"?

A) companies record revenues when they receive the cash and they record expenses when the cash is paid B) companies record revenues when they receive the cash and they do not record expenses. C) companies avoid recording revenues in case they may receive the payment in cash cash D) companies receive the cash but do not record expenses in the accounting book. E) companies record all types of payment only if they are made in cash

Soru 3:

I. Depreciation expense II. Accrued revenues III. Deferred (Prepaid) expenses IV. Owner withdrawal Which of the above or which ones is not an types of adjustments?

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

Soru 4:

Which of the following is true for "debitting"?

A) Debitting is the act of delaying the unpaid sales within the accpunts of a firm. B) Debitting refers to the act of making an entry on the right side of an account and when credit amount exceeds debits. C) Debiting refers to the act of making an entry on the left side of an account and when debit amount exceeds credits. D) Debitting represents the both sides of the account, right and left E) Debitting is the act of borrowing money from the banks for future investments.

Soru 5:

............. is an activity or occupation of keeping records of the financial transactions.

A) Bookkeeping B) Summarizing C) Communicating D) Identifying E) Interpreting

Soru 6:

In which account do the expenses that a company pay in advance, such as insurance and rent appear?

A) notes receivable B) buildings account C) fixture accounts D) accounts receivable E) prepaid expenses

Soru 7:

Which of the following is true for T-Account?

A) The shape of the account resembles the letter H. B) T-accounts have a title and include five sides C) Debit represents the right side of an account. D) Credit represents the left side of an account. E) Each account has a space for recording increases in the amount of the item.

Soru 8:

Which of the following refers to the expected value of the plant asset at the end of its useful life?

A) Depreciable amount B) Depreciation expense C) Depreciation D) Residual value E) Useful life

Soru 9:

Accounting system includes three kinds of basic activities which are ........., ............ and communicating of the financial transactions of an entity.

A) Identifying, recording B) Recording, translating C) Interpreting, analyzing D) Analyzing, calculating E) Calculating, interpreting

Soru 10:

Which of the following is can be calculated as depreciable asset’s cost minus the asset’s accumulated depreciation?

A) Cash value B) Current value C) Book value D) Nominal value E) Market value

Soru 11:

In a journal entry, ............. are ALWAYS entered first, and ............. are INDENTED and listed second.

A) Debits-Credits B) Credits-Debits C) Credits-Crediting D) Debits-Crediting E) Debits-Debiting

Soru 12:

Which of the following is a liability account?

A) Unearned revenue B) Expenses C) Owner’s Capital D) Prepaid expenses E) Notes receivable

Soru 13:

Which of the following is the correct definition of financial accounting?

A) It provides financial information to meet the information needs of internal information users. B) It provides financial information to meet the information needs of external information users. C) It orovides financial information to meet the information needs of government. D) It provides financial information to meet the information needs of taxing authorities. E) It rovides financial information to meet theinformation needs of customers.

Soru 14:

Which of the following is defined as one form of trial balance that holds in-term transactions’ totals and balances as well as the end of the period transactions’ totals and balances for final checking of the accounts and preparation of financial statements?

A) Adjusted trial balance B) Balance sheet C) Income statement D) Statement of owner’s equity E) Income Summary Account

Soru 15:

Which of the following can not be an accounting period?

A) Weekly B) Monthly C) Quarterly D) Semiannually E) Yearly

Soru 16:

In which of the following , the accounts are arranged from the most to least liquid?

A) Owner's equity, current liabilities, non current liabilities B) Non current liabilities, current liabilities, owner's equity C) Current liabilities, non current liabilities, owner's equity D) Current liabilities, owner's equity, non current liabilities E) Owner's equity, non current liabilities, current liabilities

Soru 17:

Which of the following is the financial statement that reports operation results of a business for a specific period of time?

A) Balance sheet B) Income statement C) Statement of owner’s equity D) Cash flow statement E) Adjusted trial balance

Soru 18:

Which financial statement is prepared on the basis of balance sheet, income statement and owner’s equity statement?

A) Cash Flow Statement B) Trial Balance C) Adjusted Trial Balance D) Cost of goods sold table E) Adjustments

Soru 19:

Which of the following is true for a double entry accounting system?

A) Assets increase on right side by crediting B) Liabilities increase on left side. C) Contributions to Owner’s capital increase on right side D) Revenues increase on left side E) Expenses increase on right side by debiting.

Soru 20:

A ....................... is a list of all ledger accounts with their balances at a point in time. ..................summarizes the accounts by listing all the accounts with their balances assets first, followed by liabilities,and then owner’s equity. According to text,which of the following should be the dotted line?

A) Trial Balance B) Supplies balance C) Debiting balance D) Double-entry system E) Credit balance