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

Soru 1:

Which method is based on the specific cost of particular units of inventory?

A) LIFO B) FIFO C) Specific Identification Method D) Inventory Cost Flow E) Average Cost Method

Soru 2:

Which of the following is not one of the ideas which is considered in reporting items in financial statements?

A) When there is a question, do not record an expense but record an asset. B) If in doubt, avoid record an asset the lowest reasonable amount and reliability at the highest reasonable amount. C) Anticipate no gains, but provide for all probable losses. D) When you are faced with a decision between two possible options, you must choose the option that does not undervalue E) Do not report realistic figures but exaggerate assets or net income

Soru 3:

Which of the following is an accounting term associated with the amounts that are owed to the business by other parties, mainly its customers?

A) Discounts B) Receivable C) Sales D) Cash E) Accounts

Soru 4:

Manufacturers normally have three inventory accounts in their financial statements. Which of the following is one of them?

A) Raw Materials Inventory B) Continuous good inventory C) Semi-finished good inventory D) Storage inventory E) Components inventory

Soru 5:

Which of the following is true according to the “matching principle” ?

A) Periodic inventory system is used by the companies with inexpensive inventories and manual accounting systems. B) Companies may prepare either single-step or multiple-step income statement. C) Gross profit evaluates the company’s profitability in terms of selling activities. D) Expenses should be recorded in the period in which they generate revenues E) Accounting for purchases and sales differs between the periodic and perpetual inventory systems.

Soru 6:

Which of the following is a common feature of the balance sheet and income statement?

A) Both financial statements belong to a certain date B) Both tables cover a certain period C) Net profit item in both tables D) Both tables show assets and resources E) Show both revenues and expenses in both tables

Soru 7:

"A company had inventories on hand and the cost is TL 10,000. Estimated selling price for those inventories was TL 15,000 and estimated cost of sales was TL 1,500." With which value inventories should be reported?

A) 11.500 B) 16.500 C) 14.500 D) 10.000 E) 15.000

Soru 8:

Which of the followings is not among the ideas that conservatism (one of the inventory-related accounting principles) follows?

A) Anticipate no gains, but provide for all probable losses. B) If in doubt, record an asset the lowest reasonable amount and reliability at the highest reasonable amount. C) • When there is a question, record an expense rather than an asset. D) Perform strictly proper accounting only for significant items. E) Choose the option that undervalues, rather than overvalues, your business

Soru 9:

If the sales agreement includes cash discount, the amount of discount is deducted from the “.........................” account. Which of the following should be brought to the space left above?

A) Cost Of The Gold Sold B) Sales Revenue C) Merchandise Inventory D) Accounts Payable E) Account Payable

Soru 10:

Which one of the following is the amount of deduction of COGS from sales revenue?

A) Gross profit B) Net profit C) Operating profit D) Operating loss E) Net loss

Soru 11:

In which of the following, the rest of the inventories account is updated after each transaction?

A) Perpetual Inventory System B) First İn First Out Method C) Accrual Basis D) Periodic Inventory System E) Last İn First Out Method

Soru 12:

A company merchandise inventory account showed a balance of 7.000 before the year end adjustments. The physical count of goods on hand totaled 6.300. To adjust the accounts, which of the following is true about the company registration?

A) Cost of the gold sold debit 700 B) Merchandise inventory credit 600 C) Account Payable credit 500 D) Merchandise inventory debit 600 E) Cost of the gold sold credit 700

Soru 13:

In the .......................... method, the company knows exactly which item was sold and exactly what the item cost. Which of the following items fills the blank correctly?

A) Specific Identification B) Average Cost C) First-In, First-Out D) Last-In, First-Out E) Maximum cost

Soru 14:

Which of the following occurs when a business makes sales on credit.

A) Accounts payable B) Accounts receivable C) Notes receivable D) Notes payable E) Petty cash

Soru 15:

When are "sales returns and allowances" recorded?

A) When a company offers a cash discount to its customers. B) When a company delivers goods on credit. C) When a customer delivers back the goods. D) When a customer pays on cash. E) When a company reduces the catalogue price of the goods.

Soru 16:

Accounts receivable is recognized when a company ______.

A) delivers good or services on cash B) reduces the catalogue price C) delivers good or services on credit D) receives goods returned by the customers E) has losses incurred due to uncollectible receivables

Soru 17:

If the merchandise inventory is sold, its cost is taken from inventory account in balance sheet and recognized as an _____ in the income statement. Which of the following best completes the statement above?

A) Beginning inventory B) purchase C) Expense D) Revenue E) Balance

Soru 18:

Which of the following is the percentage relationship between the amount of credit sales and estimated losses from uncollectible accounts?

A) Trade discounts B) The direct write-off method C) Bad debt expense D) Percentage of sales basis E) Allowance for uncollectible accounts

Soru 19:

Which of the following is the correct formula for "Net sales revenue"?

A) Net sales revenue = Sales Returns – (Sales Revenue and Allowances + Sales Discounts) B) Net sales revenue = Sales Revenue – (Cost of goods sold + Sales Discounts) C) Net sales revenue = Sales Revenue – (Sales Returns and Allowances + Purchases) D) Net sales revenue = Sales Revenue + (Sales Returns and Allowances + Sales Discounts) E) Net sales revenue = Sales Revenue – (Sales Returns and Allowances + Sales Discounts)

Soru 20:

................ is a statement that explains any differences between the balance shown on the bank statement and the balance shown on the business’s accounting records.

A) Bank statement B) Bank reconciliation C) Cash receipt D) Seperation of duties E) Audit report