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MUH213U

Accountıng I (ENG)

Deneme Sınavı Soruları

  • 20 soru
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0 doğru · 0 yanlış · 20 kaldı
  1. 1

    In a journal entry, ............. are ALWAYS entered first, and ............. are INDENTED and listed second.

  2. 2

    Which of the following can not be expresses as an expense ?

  3. 3

    Which of the following  is NOT one of the features of corporations?

  4. 4

    Which of the following is a set of principles and rules that companies follow when they prepare and publish their financial statements, providing a standardized way of describing the company’s financial performance?

  5. 5

    Which of the following is the financial statement that reports the changes in the capital throughout the period caused by the owner’s capital investments or withdrawals, net profit or loss.

  6. 6

    Which is incorrect information about accrual-basis accounting?

  7. 7

    Which financial statement shows the position of an organization at a particular instant in time?

  8. 8

    Which one is a record of all the accounts that the company uses the changes in?

  9. 9

    10 There are three main steps which occur repeatedly in the recording process:

       I. Equal debits and credits have been recorded for all transactions.

       II. Transfer the journal information to the appropriate accounts in the ledger.

       III. Prove that the company has recorded all transactions correct.

       IV. Enter the transaction information in a journal.

       V. Analyze each transaction for its effects on the accounts.

           Which is the last step?

  10. 10

    Revenues and expenses are reported in the ...............; assets, liabilities and owner’s equity are reported in the .................

  11. 11

    Which of the following shows the investments done by the owner/owners and the result of the operations of the company which is either profit or loss?

  12. 12

    ............ is the measure of how quickly and easily an account can be converted into cash.

  13. 13

    What is the list of accounts and their balances at a given time that proves the mathematical equality of debits and credits after posting?

  14. 14

    Which of the following is not among liabilities?

  15. 15

    Which financial statement is prepared on the basis of balance sheet, income statement and owner’s equity statement?

  16. 16

    Which of the following is an example for asset accounts?

  17. 17

    Which of the following term refers to the expected value of the plant asset at the end of its expected lifespan?

  18. 18

    Which of the following is not among the external users of information?

  19. 19

    Which of the followings refers to  the cost invested in the asset that the business has not yet expensed or unexpired?

  20. 20

    Which of the following is not true for closing entries?

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