Deneme Sınavı Soruları

Revenue

Asset

Liability

Expense

Owner's Equity

Useful life

Residual Value

Depreciation Expense

Accrued Expense

Deferred Expense

Net fair value principle or Carrying value principle

Historical cost principle or Fair value principle 

Equivalence value principle or Nominal value principle

Saving value principle or Historical cost principle

Fair Value principle or Nominal value principle

Revenue

Assets

Capital

Withdrawal

I, II and III

I and II

I, III and IV

II, III and IV

I,II and IV 

Accrued expenses.

Customer deposits.

Accounts payable, Sales taxes payable, Payroll taxes payable, Income taxes payable. Interest payable, Bank account overdrafts.

The Debt Account and Revenues and Expenses of company.

Profit / Loss of a company.

Prepaid Expenses

Unearned Revenues

Accrued Expenses

Accrued Revenues

Unearned Expenses

Receipts

Financial statements

Payroll statements

Waybills

Invoices

Increase in both cash and debt.

Decrease in both cash and debt.

Increase in both cash and capital.

Decrease in both cash and equity.

Increase in cash and decrease in debts.

buildings

land

furtniture

trucks

machinery 

The assets acquired to be used in business ‘s operations for more than 12 months and receivables of which due dates are more than 12 months

The measure of how quickly and easily an account can be converted into cash

The assets that will be converted into cash, sold, consumed or received within 12 months or within the business’s operating cycle, and the cash and cash equivalents.

The report that shows the assets, liabilities and the owner’s equity in a specific date.

The changes in the capital throughout the period caused by the owner’s capital investments or withdrawals, net profit or loss.

Yearly calendar

Fiscal year

Calendar year

Time period

Accounting year

Cash

Account Receivables

Equipment

Salary Payable

Capital

Identifying

Recording

Communicating

Bookkeeping

Transaction

Assets decrease on left side by debiting while increasing on right side by crediting and normally show debit balance. 

Liabilities increase on right side by crediting while decrease on left side by debiting and normally show credit balance. 

Contributions decrease on right side by crediting while increasing on left side by debiting and normally show credit balance. 

 Distributions decrease on left side by debiting while increasing on right side by crediting and normally show debit balance. 

Revenues decrease on right side by crediting while increasing on left side by debiting and normally show credit balance. 

Accrued expense

Deferred expense

Accrued revenue

Deferred revenue

Time-period concept

Office supplies on hand

Companies' equipments

Payment deposits

Accrued salary expense

Accrued service revenue

Current assets

Non-current assets

Current liabilities

Non-current liabilities

Owner's equity

Current assets 

Non-current assets

Current liabilities

Owner's Equity

Trade Receivables

Closing entries

Preparing financial statements

Preparing post-closing trial balance

Preparing adjusted trial balance

Adjusting entries