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MUH213U

Accountıng I (ENG)

Deneme Sınavı Soruları

  • 20 soru
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  1. 1

    When the revenue accounts and expense accounts are closed and Which of the following their balances were transferred to first?

  2. 2
    Which of the following is not among the common accounting periods?
  3. 3

    Why you need to know accounting?

  4. 4

    You see the closing entry of Company A. If the service revenue is 9,500,49, which of the following figures should go in the Income Statement Debit Column?

  5. 5

    ….. is often defined as a book of accounts.

  6. 6

    ................ are a set of principles companies follow when they prepare and publish their financial statements, providing a consistent way of describing the company’s financial performance.

    Which of the following is identified above?

  7. 7

    Which of the following is TRUE about owner's equity? 

    I. It is the total assets of an entity, minus its total liabilities.

    II. It represents the capital theoretically available for distribution to shareholders.

    III. It refers to existing debts and obligations.

    IV.  It is defined as economic resources a business owns and assets will provide future services or benefits

  8. 8

    In which account do the expenses that a company pay in advance, such as insurance and rent appear?

  9. 9

    For the preparation of financial statements, which of the following is the starting point?

  10. 10

    Which of the following is true?

  11. 11

    The rightness of an action generally depends on the …….. and …… of the accountant.

  12. 12

    "Under double-entry system, debit and credit procedure is used ........."

    Which of the following statements appropriately completes the sentence above?

  13. 13

    Which of the following statements about the basic accounting equation is true?

  14. 14

    Accountants assume that the business will remain in operation long enough to use existing assets for their intended purpose. Which of the following assumption is the reason for this?

  15. 15

    Which is NOT TRUE about trial balance?

  16. 16

    ............... are necessary every time financial statements are prepared.

  17. 17

    Which of the following dictates that revenue is recognized after the cash is received?

  18. 18

    Which of the following is the internal users of accounting?

  19. 19

    ________ is the procedure of transferring journal entries to the ledger accounts.

    Which of the following completes the statement above?

  20. 20

    Which of the following is defined as " a financial statement that shows the change in cash position of the company over an accounting period"?

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