Accountıng Iı Ara 6. Deneme Sınavı

Toplam 8 Soru
PAYLAŞ:

1.Soru

Which of the following is not included in intangible assets?


Plant

Copyrights

Licences

Patents

Trademarks


2.Soru

On 31 April 2017, A company purchased equipment for 200.000 TL. The company issued a note for the amount. The note has 8 months maturity and 10% interest rate, and total interest and principal amount is due on maturity.

Which of the following is true about the first journal entry to be made according to this information?


Equipment credited 100.000

Account Receivable debited 100.000

Notes Payable credited 100.000

Short term loan bank credited 100.000

Interest Expense credited 100.000


3.Soru

Which of the following is not accurate information about why companies invest?


A company can invest to earn interest revenue.

A company may also invest cash in the debt or equity securities of another company. 

A company can invest to receive dividends.

Companies use their idle or excess money only by depositing them in debt securities.

A company can invest to realize gains from increases in the market price of the securities.


4.Soru

A company removes  the engines of 5 of its vehicles to extend their useful life. Then, it changes the oil in the engines of another 5 vehicles. In this case, which of the following is true?


Both expenditures will be debited to an asset account.

Both expenditures will be recorded as period expenses. 

Both expenditures will be added to the cost of the asset.

The first expenditure  is added to the cost of the asset.

The second expenditure is debited to an asset account.


5.Soru

A company makes an expenditure for a building it owns, and this extends the useful life of the building. How will this company record this expenditure in the journal?


Debits to Repairs and Maintenance Expense account.

Records as an asset.

Records as a period expense.

 Records as an inventory.

Records as a depreciation.


6.Soru

How are the long-term liability installments that are due within the coming year classified?


Account payable

Current Portion of Long Term Loan

Installments

Periodic Payments

Notes Payable


7.Soru

  1. They are long-lived assets
  2. They are reported under current assets section of balance sheet.
  3. Their values fluctuate highly because their benefits are based on competition.

Which of the statements above is true for intangible assets?


Only I

I and II

I and III

II and III

I, II and III


8.Soru

Which statement is false?


The cost of a plant asset minus accumulated depreciation equals the asset’s book value.

Depreciation is a process of allocating the cost of a plant asset over its useful life.

Depreciation creates a fund to replace the asset at the end of its useful life.

Depreciation is based on the expense recognition principle. 

Property, plant and equipment assets are economic resources that have physical substance (tangible), are used in the operations of a business, and are not intended for sale to customers.