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

Soru 1:

....................... is the deduction of the estimated residual value from tangible fixed cost. Which of the following should be brought to the space left above?

A) Amortization B) Capital expenditure C) Depletion D) Depreciable cost E) Estimated residual value

Soru 2:

When the investor buys more than 50% of total shares of investee, how will the accounting treatment is called?

A) Subsidiary B) Affiliate C) Trading Security D) Available for Sale E) Consolidation

Soru 3:

Discarding (retiring) of property, plant and equipment assets Sell the long-lived asset for cash. Exchange the long-lived asset for another long-lived asset. Which of the above is/are the form(s) of the disposal of property, plant and equipment assets?

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

Soru 4:

Good reputation Skilled employees High-quality products Relations with labor unions. Which of the items mentioned above can be attributed to goodwill?

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

Soru 5:

A company has a lawsuit filled against it, claiming an indemnity of 40,000 TL. Probability is that the company will lose the lawsuit however cannot estimate the amount of the indemnity to be be paid. In this situation, the company should _______.

A) disclose a contingent liability in the footnotes B) record a provision in the balance sheet C) record as accrued consultancy expense E. by not recording anything D) record as notes payable in the balance sheet E) record a contingent liability in the balance sheet C.

Soru 6:

Star Inc. paid 10.000 TL to acquire a patent on May 1, 2018. Which of the following is true about the accounting record to be made according to this information?

A) Patents 10.000 credit B) Amortization Expense 10.000 debit C) Patents 10.000 debit D) Cash 10.000 debit E) Amortization Expense 10.000 credit

Soru 7:

When an expense incurs but is not paid yet, how should it be recorded?

A) As accounts payable B) As notes payable C) As short term bank loans D) As accruals E) As unearned revenues

Soru 8:

I. Treasury bonds II. Common stocks III. Corporate bonds V. Preferred stocks Which of the above numbered statements is the debt securities?

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

Soru 9:

Which of the following asset does not lose their ability to provide services and wear out as they are used?

A) Building B) Vehicle C) Land D) Machine E) Bridge

Soru 10:

Which of the following is a contra asset account?

A) Purchase returns account B) Sales Discount C) Discount on bond D) Sales Return E) Sales Allowance

Soru 11:

________ is the amount that the company will receive when an asset is sold at the end of its useful life. Which of the following terms completes the sentence above?

A) cost B) capitaliztion C) book value D) depreciation E) residual value

Soru 12:

A company spends some money on the painting of the interior of its building. In this situation, how will the company record its expenditure in its journal?

A) Records it as an asset. B) Adds it to the cost of the building. C) Records it as a period expense. D) Records as a depreciation. E) Records as purchase expense.

Soru 13:

In an investment process, the investing party is called .......... while invested company is called as ........... Which of the following should come to the places left blank above?

A) Lessor-lessee B) İnvestor-İnvestee C) Buyer-seller D) Shareholder-buyer E) Shareholder-partner

Soru 14:

Which of the following is false regarding current liabilities and liquidity?

A) It is vitally important for a company to pay its current liabilities. B) If the current assets cannot match current liabilities, companies will have to convert their non-current assets, into current assets. C) Companies operating with too much share of current liability in total financing is usually accepted as the least risky to invest. D) If the company finances its operations mostly by using long-term financing options, the cost of financing will incur more compared to short-term financing. E) If the current assets cannot match current liabilities, companies will have to extend the maturities to longer terms with an additional amount of interest.

Soru 15:

Anadolu Co. purchases a machinery on January 1, 2018 for 200,000 TL. Anadolu Co. also pays 20,000 TL for transportation and insurance during transportation. Upon the receiving of machinery, Anadolu Co. pays 5,000 TL for assembling and testing of the machinery. Anadolu Co. estimates to use the machine for 5 years and at the end of it useful life it is estimated to be sold at 25,000 TL. Company will apply double-declining balance depreciation method for the machinery. What is the depreciation expense for the machine in the third year of its useful life?

A) 90,000 TL B) 54,000 TL C) 40,000 TL D) 32,400 TL E) 25,000 TL

Soru 16:

.....................is an indicator of reliability level for a company in terms of either survival or credibility. Which of the following should be brought to the space left above?

A) Profitability B) Expenses C) Revenues D) liquidity E) expenditure

Soru 17:

The ordinary repairs are called revenue expenditures (income statement expenditures). Revenue expenditures are debited to an asset account because they increase the asset’s capacity or efficiency or extend the asset’s useful life. A capital expenditure (balance sheet expenditure) does not increase the capacity or efficiency of an asset or extend its useful life and is reported on the income statement as an expense in the period incurred. A capital expenditure is reported on the balance sheet as an asset. Which of the statements above in terms of revenue expenditures and capital expenditure are correct?

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

Soru 18:

What is the generally accepted minimum percentage for an investor to have the right and power to participate in policy determination process?

A) 3% B) 5% C) 8% D) 13% E) 20%

Soru 19:

What is the term used to define an exclusive right granted by the government to publish, reproduce and sell a book, musical composition, film, other art works, computer programs, or intellectual property?

A) copyright B) licence C) goodwill D) franchise E) patent

Soru 20:

Anadolu Co. purchases a machinery on January 1st 2019 for 200,000 TL. Anadolu Co. also pays 20,000 TL for transportation and insurance during transportation. Upon the receiving of machinery Anadolu Co. pays 5,000 TL for assembling and testing of the machinery. Anadolu Co. estimates to use the machine for 5 years and at the end of it useful life it is estimated to be sold at 25,000 TL. Company will apply straight-line depreciation method for the machinery. What is the depreciable cost of the machine?

A) 30,000 TL B) 35,000 TL C) 40,000 TL D) 45,000 TL E) 50,000 TL