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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 order to find out the reporting value for inventories on hand, we have to compare cost with .........."

    Which of the following is the right word for the blank in the statement above?

  2. 2

    Which of the followings states that businesses should use the same accounting methods and procedures from period to period?

  3. 3
    1. Periodic inventory system is used by the companies with inexpensive inventories
    2. Perpetual inventory system is used by the companies manual accounting systems.
    3. Perpetual inventory system provides high level of control over inventories.

    Which of the statements above is true for inventory systems?

  4. 4

    Which of the followings is not true about the periodic inventory system?

  5. 5

    Which transaction belongs to the record in the figure?

  6. 6

    Which of the following is a contra revenue account?

  7. 7

    Which of the following describes the  document that shows the expected amount of cash receipt and payments for a period in the future?

  8. 8
    Which of the following shows the calculation of cash ratio? 
  9. 9

    Which one of the following is an income statement account that shows the losses incurred due to uncollectible receivables?

  10. 10

    Which of the following is not among the objectives of internal control?

  11. 11

    I. Hospital

    II. Hotel

    III. Law firm

    Which of the companies above is/are a kind of service company?

  12. 12

    Which principle holds that a company should report enough information for financial statement users to understand methods and procedures used for each component of the financial statements to make wise decisions about the company by providing additional information?

  13. 13

    Which of the followings is an inventory costing method based on the specific cost of particular units of inventory?

  14. 14

    Which of the followings is not correct abut adjusted trial balance?

  15. 15

    Which of the following is true for assets?

  16. 16

    According to which principle of the following, the expense is recognized after the cash is paid?

  17. 17

    The company pays .......................  either with cash of by handling goods or services within one year or in an operating cycle.

  18. 18

    Which of the following reports the revenues and expenses and resulting net income or loss of a company for a specific period of time?

  19. 19

    The company will receive assets (for example, cash) in exchange for goods sold and services rendered. Therefore, company’s assets and owner’s equity will increase. What is the increase in owner’s equity created by delivering goods or services to customers is called?

  20. 20

    Which of the following is NOT included in Typical Liability Accounts?

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