2019–2020 Vize (Ara Sınav) Çıkmış Soruları

Service Revenue account

Owner’s Capital account

Cash account

Accounts Payable account

Interest Revenue account

Assets

The balance sheet

Ledger

Journal

The trial balance

in a trial balance

to the appropriate contra accounts

in the journal

in the accounting equation

in the adjusted trial balance

Owner’s equity

Short term liabilities

Non-current assets

Current assets

Long term liabilities

Assets – Liabilities = Owner’s equity

Assets = Liabilities + Owner’s equity

Assets = Liabilities – Owner’s equity

Assets – Owner’s equity = Liabilities

Liabilities+ Owner’s equity = Assets

Owner's equity statement.

Balance sheet.

Income statement.

Statement of cash flows.

Asset flows statement

It is a reveave and increases assets

It is a revenue and decreases owner’s equity.

It is a revenue and increases owner’s equity.

It is an expense and increases owner’s equity.

It is an expense and decreases owner’s equity.

Owner’s equity

Liabilities

Revenues

Expenses

Assets

Only I

Only II

Only III

I and II

II and III

Prepaid expenses

Depreciation

Unearned revenues

Accrued expenses

Cash

It is the basis of financial statements.

It gives information about the financial performance of the company over a specific accounting period.

It includes all the ledger accounts prepared after the necessary adjustments at the end of the accounting period.

It is the last step before preparing financial statements

It is prepared by using the unadjusted trial balance and adjusting entries.

It is the systematic allocation of the depreciable amount.

It is the value of the fixed asset at the end of its useful life.

It is the estimated lifespan of fixed asset.

It is the cost of the asset.

It is an annual accounting period.

Owner’s Equity

Non-current assets

Gross sales profit/loss

Current liabilities

Non-current liabilities

Only the revenue accounts are closed and posted to Income Summary account

Revenue and expense accounts are closed and posted to Cash account

Revenue and expense accounts are closed and posted to Income Summary account

Expense accounts are closed and posted over to Revenue accounts

Revenue accounts are closed and posted to Cash account

Cost of the goods sold account is debited and Income Summary account is credited

Cost of the goods sold account is credited and Income Summary account is debited

Cost of the goods sold account is debited and Capital account is credited

Cost of the goods sold account is credited and Sales Revenue account is debited

Cost of the goods sold account is credited and Cash account is debited

The company has an efficient sales policy

The company has a profit of 1,750,000 TL

The cash amount of the company is 1,750,000 TL

There has been a mistake in closing transactions

The company has a loss of 1,750,000 TL

Cash inflows and outflows for a specific period of time.

The profit or loss activities for the accounting period.

The reasons for changes in cash position of the company over an accounting period.

The revenues and expenses and resulting net income or loss of a company for a specific period of time.

The financial position of an organization at a particular instant in time – normally at the end of an accounting period.

Interest Payable account

Interest Revenue account

Unearned Revenue account

Notes Payable account

Accounts Payable account

Bookkeeping

Crediting

Journalizing

Posting

Debiting