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

Soru 1:

Which one is not the most typical liability accounts?

A) Accounts Payable B) Notes Payable C) Accrued Liabilities D) Unearned Revenue E) Earned Revenue

Soru 2:

Which of the following is true for balance sheet?

A) It reports the changes in the capital throughout the period caused by the owner’s capital investments. B) Revenues and expenses are reported in it. C) It reports operation results of a business for a specific period of time. D) It provides information about the financial position of the company. E) It reports assets and liabilities for a specific time period.

Soru 3:

Which of the following is the first step of accounting process?

A) Identifying the financial transactions B) Recording the business transactions C) Bookkeeping D) Classifying transactions E) Preparing financial reports

Soru 4:

Which shows the true order of preparing financial statements?

A) Income statement-Owner's equity statement-Statement of cash flows-Balance sheet B) Income statement-Owner's equity statement-Balance sheet-Statement of cash flows C) Owner's equity statement-Income statement-Balance sheet-Statement of cash flows D) Income statement-Balance sheet-Owner's equity statement-Statement of cash flows E) Statement of cash flows-Income statement-Owner's equity statement-Balance sheet

Soru 5:

Which of the following is the principle generally used in the valuation of assets?

A) What it would cost to replace the asset B) Selling price C) Historical cost D) Fair value E) Relevance

Soru 6:

How do you record deferred expenses?

A) Under the expense recognition principles of accrual accounting, expenses are recorded in the period in which they were incurred and has been paid. B) Deferred expenses ( paid expenses) has done payments of past expenses. C) A deferred expense is as an asset has already recorded as an expense fort he past accounting period. D) The term "deferred expense" is used to describe a payment that has been made, and has been reported as anexpensein the past accounting period. E) A deferred expense is a cost that has already been incurred, but which has not yet been consumed. The cost is recorded as an asset until such time as the underlying goods or services are consumed; at that point, the cost is charged to expense.

Soru 7:

In general, there are three basic forms of business enterprises. Which of the following is a large company or group of companies authorized to act as a single entity and recognized as such in law.

A) Sole proprietorship B) Partnership C) Customer D) Corporation E) Regulatory

Soru 8:

Which basic activity of the accounting includes preparing financial reports?

A) Identifying B) Recording C) Communicating D) Bookkeeping E) Transaction

Soru 9:

Which one of the following is the listing of the accounts and account numbers?

A) Chart of accounts B) Balance sheet C) Income statement D) Trial balance E) Account balance

Soru 10:

............................... is a record of all the accounts that the company uses the changes in those accounts, and their balances. A ledger is often defined as a book of accounts. According to text,whic should be at dotted line?

A) Debit B) Credit C) Journal D) T-account E) Ledger

Soru 11:

Which of the following is not one of the items that adjustment properly measurures?

A) Net income on the income statement B) Net loss on the income statement C) Assets on the balance sheet D) Credits on the balance sheet E) Liabilities on the balance sheet

Soru 12:

Which of the following occurs in according to Dr./Cr. Rules for Expenses ?

A) Expenses decrease on right side by debiting while decrease on left side by crediting and normally show debit balance. B) Expenses increase on right side by debiting while increase on left side by crediting and normally show credit balance. C) Expenses increase on left side by debiting while decrease on right side by crediting and normally show debit balance. D) Expenses increase on left side by crediting while decrease on right side by crediting and normally show debit balance. E) Expenses increase on left side by debiting while decrease on right side by debiting and normally show credit balance.

Soru 13:

Which is not one of the four main factors which increase or decrease the level of owner’s equity?

A) Contributions by owner(s) B) Distributions to owner(s) C) Revenues D) Customer type E) Expenses

Soru 14:

What is the order of preparation for financial statements?

A) Income statement, presents the revenues, expenses, and profits/losses generated during the reporting period.Statement of cash flows.Statement of retained earnings. B) Financial statements are prepared in order;Income statementStatement of owner’s equityBalance sheet C) Business's financial statements are the income statement and the statement of retained earnings. D) Begining preparing your financial report by balancing your company's financial holdings and create a statement of the company's income. E) Begininig the report with an accounting of the amount of cash the company has brought in or spent.

Soru 15:

T-accounts have a title and include two sides: Debit (left) and credit (right). What the left side of T- account represents?

A) Debit B) Credit C) Notes receivable D) Expenses E) Cash

Soru 16:

Th e list of all accounts with their balances is the....

A) Balance Sheet B) İncome Statement C) Trial Balance D) Journal E) Cash Flow Statement

Soru 17:

Which of the following describes the steps that occur repeatedly in the accounting recording process in the correct order?

A) Analyzing, posting and journalizing B) Analyzing and journalizing C) Journalizing and posting D) Analyzing, journalizing and posting E) Analyzing and posting

Soru 18:

Which of the following means that you will record the expenses at the same time with the revenues related with these expenses are recorded?

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

Soru 19:

Which of the following cannot be subject to financial transactions in a firm?

A) Customers B) Suppliers C) Firm owners D) Creditors E) Employees

Soru 20:

Which of the following is not one of the basic categories of adjustments?

A) Prepaid Expenses B) Unearned Revenues C) Accrued Expenses D) Accrued Revenues E) Unearned Expenses