Deneme Sınavı Soruları

I and II

II and IV

III and IV

II and III

I and IV

Prepaid Expenses

Accounts Payable

Unearned Revenue

Notes Payable

Revenues

Profit Distribution Table

Journal

Income statement

Balance sheet

Adjusted Trial Balance

Only I

Only II

I and III

II and III

I, II and III

Revenues are the gross increase in owner’s equity resulting from business activities entered into for the purpose of earning income.

Revenues are the cost of assets consumed or services rendered in the process of earning revenue

Revenues are the gross income in owner’s equity resulting from trade business activities

Revenues are the financial transactions of the business recorded by accountants

Revenues are the expenses which decrease owner’s equit

accrued revenue

deferred revenue

matching principle

accrued expense

deferred expense

Asset

Liability

Account

Ledger

Journal

Revenue / Assets

Owner’s Equity / Liabilities

Debits / Credits

Receivable / Payable

Revenue / Expense

Debit

Ledger

T-Account

Journal  

Recording

Liquidity

Currency

Periodicity

Equity

Preparedness

Revenue recognition principle

Expense

Periodicity concept

Deferred revenue

Accrued revenue

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

that financial transactions can only be recorded if the transaction data can be expressed in money terms

that business transactions of the entity are separated from the owner’s personal transactions.

that the existence of monetary unit assumption does not enable accounting to measure financial transactions a

that accounting numbers represent the monetary amounts of financial
transactions.

I and II

II, III and IV

I, II and III

I, III and IV

I, II, III and IV

Companies record revenues when they provide a service.

Companies record expenses when the cash is paid. 

Cash basis accounting records only cash transactions.

It prevents businesses from being cautious. 

Companies focus only transactions which involve cash. 

Certainity

Rigidity

Liquidity

Accuracy

Accessibility

Accounts Payable

Accounts Receivable

Unearned revenue

Prepaid expenses

Notes receivable

The trial balance does not prove the mathematical equality of debits and credits

A trial balance is a list of accounts and their balances at a given time

The primary purpose of a trial balance is to prove that the debits are not equal to the credits 

A trial balance has only one column listing the names and the balances of all the accounts 

A trial balance is an extermal document used only by company outsiders.

Posting opening entries to ledger accounts

Preparing monthly trial balances

Preparing post-closing trial balance

Closing entries

Preparing adjusted trial balance