Deneme Sınavı Soruları

It is a list of all the accounts with their adjusted balances.

They are prepared after the financial statements.

Its purpose is to ensure that total debit balances are equal to total credit balances.

It is the last step to prepare financial statements. 

It is the basis for the preparation of financial statements. 

Government

Taxing authorities

Customers

Investors

Suppliers

Expenses is recorded at the same time with the revenues.

Expense is recognized when cash is received.

Expense is recognized when it is incurred.

Expense is recognized after the cash is received.

Expense is recognized after the cash is paid.

Contributions by owner(s)

Distributions to owner(s)

Revenues

Customer type

Expenses

income statement

owner’s equity statement

statement of cash flows

balance sheet

financial transaction

revenue is recognized when it is earned not the cash is received

revenue is recognized when the cash is paid

Revenues are recorded when the cash is received.

Expenses are recorded when they are paid.

Expenses are recorded when cash is received.

Revenues are recored when services are performed. 

Revenues are recorded when expenses are incurred.

Relevance

Faithful representation

The fair value principle

Materiality

The historical cost principle

Determining whether the accounting equation is in balance

Recording the transaction in the journal

Identifying the accounts and the account types (asset, liability, or equity)

Posting the journal entry to the ledger

Deciding whether each account increases or decreases and then apply the rules of debits and credits

The final stage of the accounting process is posting to the Ledger

The final stage of the accounting process is recording in the Journals.

Regulation of Financial Accounting and Reporting.

In the accounting cycle, the last step is to prepare a post-closing trial balance. It is prepared to test the equality of debits and credits after closing entries are made.

The final stage of the accounting processes is the Financial Statements.

Only I

Only II

I and II

II and III

I, II and III

It is an organization that stands apart as a separate economic unit.

It assumes that the business entity will remain in operation forever.

Financial transactions can only be recorded if the transaction data can be expressed in terms of money.

The monetary unit assumption causes any decrease in the quality of financial information.

It requires that the financial transactions of the entity should be recorded separately from the economic activities of its owner and all other economic entities.

Cash

Merchandise inventory

Supplies

Trade names

Marketable securities

90 million

150 million

180 million

210 million

270 million

Under the expense recognition principles of accrual accounting, expenses are recorded in the period in which they were incurred and has been  paid.

Deferred expenses ( paid expenses) has done  payments of past expenses.

A deferred expense is as an asset   has already recorded as an expense fort he past accounting period.

The term "deferred expense" is used to describe a payment that has been made, and has been reported as an expense in the past accounting period.

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.

The post-closing trial balance 

Monthly trial balances

Closing entries

Adjusted trial balance

Financial statements

monthly

yearly

quarterly

semiannually

daily

Both financial statements belong to a certain date

Both statements cover a certain period

Net profit item in both tables

Both statements show assets and resources

Show both revenues and expenses in both statements

Identifying, recording

Recording, translating

Interpreting, analyzing

Analyzing, calculating

Calculating, interpreting

varieties of productive facilities such as machinery, equipment.

the systematic allocations of the depreciable amount of an asset.

the costs of assets

are the advance payments of future expenses.

plant assets that are long lived and tangible.