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

Soru 1:

Which one of the following should be prepared at the ending step in the accounting cycle?

A) Income statement B) Classified balance sheet C) Balance sheet D) Income summary account E) Post-closing trial balance

Soru 2:

When an organization has strong internal control, management can expect various benefits. The benefit least likely to occur is.....

A) Elimination of employee fraud. B) Reduced cost of an external audit. C) Some assurance of compliance with governmental regulations. D) Improvement in the reliability and integrity of information for decision-making purposes. E) Reasonable assurance regarding the achievement of objectives relating to operations.

Soru 3:

Which statement is true for "Percentage of sales basis"?

A) It is used to estimate an expected amount of uncollectible receivables. B) It avoids using historical relationships between bad debts and net credit sales to estimate bad debts amount C) It is a percentage relationship between amount of account receivables and estimated losses from uncollectible accounts. D) Percentage of sales basis is the percentage relationship between the amount of credit sales and estimated losses from uncollectible accounts. E) It is the analysis of customer balances with respect to the length of time they have not been paid

Soru 4:

The credit terms of Purchase of Inventory on August 5 from ABC Company is 3/10; n/30. XYZ Cmpany bought 500 bags on August 5, price of a bag is 50TL. XYZ Company made payment on August 15. Whic of the following is the amount of discount in this transaction?

A) 450 B) 600 C) 750 D) 900 E) 1000

Soru 5:

Which of the following measures number of times a company sells average level of merchandise inventory during a period?

A) Days’ Sales in Inventory B) Inventory Turnover Ratio C) Financial Ratio D) Annual Ratio E) Quarterly Ratio

Soru 6:

Which of the following best describe the interrelated components of internal control?

A) Control environment, risk assessment, control activities, information and communication systems, and monitoring B) Risk assessment, backup facilities, responsibility accounting, and natural laws C) Legal environment of the firm, management philosophy, and organizational structure D) Control environment, risk assessment and control activities E) Organizational structure, management philosophy, and planning

Soru 7:

Which company type divided into two subtypes, retailer and whole seller?

A) Service companies B) Manufacturing companies C) Merchandising companies D) Stock companies E) Limited companies

Soru 8:

Which inventory-related accounting principle states that businesses should use the same accounting methods and procedures from period to period?

A) Disclosure principle B) Materiality concept C) Consistency principle D) Conservatism E) First in- first out method

Soru 9:

Which of the following reduces the amount of accounts receivables?

A) Promissory note B) Trade receivables C) Factoring D) Sales returns and allowances E) Cash (net) realizable value

Soru 10:

"Under the percentage of Account receivable approach,.................." Which statement appropriately comletes the sentence above?

A) companies establish a percentage relationship between the amount of account receivables and forecasted losses from bad debts accounts B) each receivable amount is grouped with respect to sales due dates. C) the company allocates the relevant amounts of receivables in association with their payment dates. D) the company assigns percentages of estimates regarding the probability of collection E) percentages are multiplied with the amounts of receivables in each group

Soru 11:

Which of the following shows the credit sales price adjusted for returns, discounts, and allowances expected to be collected from customers?

A) Bad debt expense B) Trade receivables C) Accounts receivable D) Sales returns and allowances E) Cash (net) realizable value

Soru 12:

Which of the following accounts is debit when purchasing stocks on account?

A) Merchandise İnventory B) Account Payable C) Account Receivable D) Sales Revenue E) Cash

Soru 13:

Which of the followings is an inventory way of tracking and recording inventory and cost of goods sold on a continual basis?

A) Perpetual Inventory System B) Specific Identification Method C) Average Cost Method D) First-In, First-Out (FIFO) Method E) Last-In, First-Out (LIFO) Method

Soru 14:

Which of the followings is the analysis of customer balances with respect to the length of time they have not been paid?

A) Cash (Net) Realizable Value B) Percentage of sales basis C) Percentage of receivable basis D) Aging of accounts receivable E) Accounts Receivable Turnover Ratio

Soru 15:

Which of the followings provide services to demanding parties without incurring any manufacturing or trading activities?

A) Service companies B) Manufacturing companies C) Merchandising companies D) Retailer E) Whole seller

Soru 16:

Whihc of the following is true for "First-In, First-Out (FIFO)"?

A) It is an inventory costing method in which the first costs into inventory are the first costs out to cost of goods sold. Ending inventory is based on the costs of the most recent purchases. B) It is an inventory costing method in which the last costs into inventory are the first costs out to cost of goods sold. C) It is an inventory costing method which leaves the newest costs and purchases in ending inventory. D) It is a method which assumes that inventories which are most recently purchased are sold first E) It is a method in which cost of goods sold is based on the most recent purchases (new costs)

Soru 17:

Which one of the following is the description of this phrase "If customers are unsatisfied with the goods they purchased, because of defects or for other reasons, seller may reduce the initial price at which the goods were sold to pursue the customers to keep the goods"?

A) Sales returns B) Sales discounts C) Sales allowance D) Sales revenue E) Sold merchandise

Soru 18:

A company must perform strictly proper accounting only for items that are significant to the business’s financial situation according to......................................... requirements. Which of the following should come to space according to the sentence?

A) Periodic Inventory concept B) Disclosure principle C) Materiality concept D) consistency principle E) Perpetual Inventory concept

Soru 19:

There are plenty of advantages of _________; however, online banking may pose new types of risks about it.

A) Cybersecurity B) Cash fund C) Legalization D) Petty cash fund E) Petty cash account

Soru 20:

"This is a process, affected by an entity’s board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives related to operations, reporting and compliance." Which option is defined above?

A) Internal Control B) Cash C) Reasonable assurance D) Operations objectives E) Reporting objectives