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

Soru 1:

Which are considered to be the primary external users?

A) Government and taxing authorities B) Investors and creditors C) Government and investors D) Customers and suppliers E) Investors and taxing authorities

Soru 2:

Which of the following can NOT be an example of external users?

A) Investors B) Creditors C) Managers D) Governments E) Suppliers

Soru 3:

What is the core revenue recognition principle?

A) Revenue recognition principle dictates that revenue is recognized when it is earned not the cash is received. B) Revenue recognition principle is the gross decrease in owner’s equity that results from operations. C) Revenue recognition principle,revenue is recognized after the cash is received. D) Revenue recognition principle, in accrued revenue, revenue is recognized before the cash is received. E) Revenue recognition principle,is the cost of assets consumed or services used during the revenue earning process.

Soru 4:

I. Identifying II. Recording III. Correcting Which of the above is/are take(s) part in the basic activities of the financial transactions of an entity

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

Soru 5:

Transactions occur Transactions are analyzed Transactions are journalized and posted Source documents are prepared Which of the following shows the true flow of accounting data?

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

Soru 6:

If a company borrows money from a bank to purchase a machine or purchases merchandise, what this borrowing will create for the company?

A) An asset B) A liability C) An owner's equity D) A revenue E) A net income

Soru 7:

What increases and decreases owner’s equity?

A) As an owner’s equity, accrued liabilities occur in one period, and you pay the expense in the next period. You enter an accrued liability into your books at the end of an accounting period. B) Revenues causes Owner's Equity to increase, and expenses cause Owner's Equity to decrease. When the company incurs electricity charges, the company's Liabilities increase and Owner's Equity decreases. If the company pays for ads to appear in this week's newspaper, Assets decrease and Owner's Equity decreases. C) Owner’s Equity Accounts are, an accrued expense is an accounting expense recognized in the books before it is paid for. You owe interest on an outstanding loan and haven't been billed by the end of the accounting period. D) It can be considered an accrued payroll, taxes on employee wages are due in the next period. E) In Owner's Equity, that are are commonly accrued include: Interest on loans, for which no lender invoice has yet been received.

Soru 8:

Which accounts appear on which financial statement?

A) Expenses- Balance Sheet B) Supplies- Income Statement C) Payables- Income Statement D) Revenues- Balance Sheet E) Payables- Balance Sheet

Soru 9:

Which of the following dictates that revenue is recognized after the cash is received?

A) The time-period concept B) Revenue recognition principle C) Deferred revenue concept D) Matching Principle E) Deferred expense concept

Soru 10:

According to which principle of the following the revenue is recognized before the cash is received?

A) Deferred revenue B) Accured revenue C) Matching principle D) Recognition principle E) Cash basis accounting

Soru 11:

Which of the following is TRUE about owner's equity ? I. It is the total assets of an entity, minus its total liabilities. II. It represents the capital theoretically available for distribution to shareholders. III. It refers to existing debts and obligations. IV. It is defined as economic resources a business owns and assets will provide future services or benefits

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

Soru 12:

Which of the following includes the assets acquired to be used in business ‘s operations for more than 12 months and receivables of which due dates are more than 12 months.

A) Current assets B) Non-current assets C) Current liabilities D) Non-current liabilities E) Owner's equity

Soru 13:

"The monetary unit assumption requires .........." Which of the following appropriately completes the statement above?

A) that the financial transactions of the entity should be recorded separately from the economic activities of its owner and all other economic entities B) that financial transactions can only be recorded if the transaction data can be expressed in money terms C) that business transactions of the entity are separated from the owner’s personal transactions. D) that the existence of monetary unit assumption does not enable accounting to measure financial transactions a E) that accounting numbers represent the monetary amounts of financialtransactions.

Soru 14:

If the accounting period consists of one year and the starting and ending dates are January 1 and December 31, fiscal year will be equal to ________. Which of the following completes the statement above?

A) interim period B) monthly period C) calender year D) quarter period E) semiannual period

Soru 15:

Which of the following is not one of the equity accounts of owners?

A) Investments B) Owner,Capital C) Owner's withdrawals D) Revenues E) Expenses

Soru 16:

The basic summary device of accounting is the.....

A) Ledger B) Trial Balance C) Journal D) Balance Sheet E) Account

Soru 17:

In accounting cycles, which of the following is done after preparing adjusted trial balance?

A) Posting daily transactions to accounts B) Preparing financial statements C) Closing entries D) Analyzing and journalizing daily transactions E) Posting opening entries to ledger accounts

Soru 18:

Which of the following is described as "the gross increase in owner’s equity resulting from business activities entered into for the purpose of earning income"?

A) Assets B) Liabilities C) Costs D) Expenses E) Revenues

Soru 19:

I Assets II Distributions III Liabilities IV Contributions Which of the above increase by debiting (on left side) and normally show debit balance?

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

Soru 20:

In the picture above, a sample entry is given for which of the following?

A) Financial Statement B) Income Statement C) Balance Sheet D) Post-Closing Trial Balance E) Revenue Statement