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

Soru 1:

Which of the following is true information about the double-entry system?

A) equal debits and credits are made in the accounts for each transaction. B) asset, liabilities and owners’ equity accounts all have normal debit balances. C) a debit entry is recorded on the righ side of a T-account. D) a credit entry is recorded on the left side of a T-account. E) half of all the accounts have a normal credit balance.

Soru 2:

Which of the following is described as "the humanly devised rules, procedures and norms to judge one’s action as right or wrong, honest or dishonest and fair or not fair."?

A) Rules B) Rightness C) Honesty D) Intention E) Ethics

Soru 3:

Which of the following is an example for current liabilities?

A) Salary payable B) Accounts receivable C) Supplies D) Capital E) Equipment

Soru 4:

Which of the following assumes "unlimited economic life of a company will be divided into regular intervals and that financial statements will be prepared for specific periods"?

A) Time Period Concept B) The Revenue Recognition Principle C) Matching Principle D) Expense Recognition Principle E) Cash basis accounting

Soru 5:

On a adjusted trial balance, which of the following would indicate that an error has been made?

A) Service Revenue has a debit balance. B) Account payable has a credit balance. C) Salary Expense has a debit balance. D) Supplies has has a debit balance. E) Account Receivables has debit a balance.

Soru 6:

B Company purchased an Office Building on January 1, 2016, and the cost of the office building is 500,000 TL, and the residual value is 60,000 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 accumulated depreciation of Office Building on December 31, 2019 ?

A) 10,000 B) 11,000 C) 33,000 D) 44,000 E) 50,000

Soru 7:

Which of the following is internal information users?

A) Managers B) Government C) Investors D) Creditors E) Competitors

Soru 8:

Which of the following assumes that unlimited economic life of a company will be divided into regular intervals and that financial statements will be prepared for specific periods such as a month, quarter, or year?

A) Time period concept B) Revenue recognition principle C) Matching principle D) Social responsibility concept E) Identification principle

Soru 9:

Which one of the following describes the depreciable asset’s cost minus the asset’s accumulated depreciation?

A) Straight-line depreciation B) Non-current asset C) Current asset D) Book value E) Fair value

Soru 10:

The chart shows the closing entry of Company A. What might the account seen below be?

A) Service revenue B) Advertisement Expense C) Depreciation Expense D) Income summary E) Salaries-Wages Expense

Soru 11:

Which of the following refers to the main difference between an accounts receivable and a notes receivable?

A) In Accounts Receivable, the company collects cash later than in Notes Receivable. B) In Accounts Receivable, customers' promise for future payment is held. C) Accounts Receivable is more based on future rental payments than Notes Receivable. D) In Notes Receivable, the company collects cash for services it provided. E) Notes Receivable is more formal than Accounts Receivable.

Soru 12:

Which of the following is the measure of how quickly and easily an account can be converted into cash?

A) Liquidity B) Currency C) Periodicity D) Equity E) Preparedness

Soru 13:

Which of the following is the financial statement that reports the assets, liabilities and the owner’s equity in a specific date.

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

Soru 14:

............... is the cost of assets consumed or services used during the revenue earning process. Fill the gap with the suitable word.

A) Revenue B) Deferred revenue C) Interim period D) Expense E) Cash

Soru 15:

If the enterprise's revenues are 1.000.000 tl and profit is 450.000 tl, then which one states be the expenses?

A) 1.450.000 tl B) 550.000 tl C) 450.000 tl D) 1.000.000 tl E) 600.000 tl

Soru 16:

Which of the followings refers to the method that allocates an equal amount of depreciation for each period?

A) Straight-line depreciation method. B) Matching Principle C) Revenue recognition principle D) The time-period concept E) The accumulated depreciation account

Soru 17:

Which of the following is not one of the reasons why trial balance is unadjusted?

A) Some costs are recorded during the current accounting period because these costs expire in time as a result of recurring daily transactions. B) Some financial events are not recorded on a day-to-day basis because it is unwise to do so C) Some types of expenses may be recorded as an electricity bill may be receiveduntil next accounting period. D) Some types of income are recorded as production cost could be higher than expected. E) Some financial events are never recorded on a monthly basis because of high consumption of supplies.

Soru 18:

Which is incorrect information about accrual-basis accounting?

A) Companies record revenues when they perform services. B) Matching principle is one of the principles of accrual basis accounting. C) Companies record expenses when they perform services. D) Time period concept is one of the principles of accrual basis accounting. E) Companies record revenues when they receive the cash.

Soru 19:

What are examples of non-current assets?

A) Examples of non-current assets include short-term deposits. B) Examples of non-current assets include investments in other companies, intellectual property (e.g. patents), and property, plant and equipment. C) Best examples of non-current assets include accounts receivable. D) Examples of non-current assets include raw materials. E) Examples of non-current assets include finished goods / inventory.

Soru 20:

ABC Company's Liabilities are 300 million, Assets are 750 million TL. Which of the following is the amount of its Owner's Equity?

A) 300 million B) 450 million C) 1.000 million D) 1.050 million E) 1.500 million