Deneme Sınavı Soruları

The purchase of merchandise inventory

Collecting the cash from customers

Selling the inventory

Making the production

Valuation of the inventory

Raw materials inventory

Work in process inventory

Finished goods inventory

Service inventory

Operational inventory

Trade Discounts

Sales Returns and Allowances

Cash Discounts

Sales Revenue

Deferred Delay Charges

disclosure principle

consistency principle

materiality concept

conservatisim

faithfulness

Accounting Principles

Inventory Accounting Systems

Raw Materials Inventory

Finished Goods Inventory

Work in Process Inventory

Purchasing of inventories from a producer or an individual

Selling inventories to customers

Collecting cash from customers

Recording a receivable

Scheduling the payment

companies establish a percentage relationship between the amount of account receivables and forecasted losses from bad debts accounts

each receivable amount is grouped with respect to sales due dates.

the company allocates the relevant amounts of receivables in association with their payment dates.

the company assigns percentages of estimates regarding the probability of collection

percentages are multiplied with the amounts of receivables in each group

Hospital

Hotel

Barber

Cargo agency

Grocery

Credit Sales/ Average Account Receivable

365 days / Accounts Receivables Turnover

Future Value / Interest Rate

Future Value / Average Account Receivable

Credit Sales/Interest Rate

Sales Revenue 800 TL debit

Account Receivable 800 TL debit

Cash 800 TL credit

Sales Revenue 800 TL credit

Account Payable 800 TL credit

Cost of the gold sold debit 700 

Merchandise inventory credit 600

Account Payable credit 500

Merchandise inventory debit 600

Cost of the gold sold credit 700 

I

I and II

II and III

I and III

I, II and III

Pressure

Opportunity

Rationalization

Information Technology

Documentation

useful life

residual value

depreciation

depreciation expense

depreciable amount

As an owner’s equity, accrued liabilities occur in one period, and you pay the expense in the next period. You enter an accrued liability into your books at the end of an accounting period. 

Revenues causes Owner's Equity to increase, and expenses cause Owner's Equity to decrease.  When the company incurs electricity charges, the company's Liabilities increase and Owner's Equity decreases. If the company pays for ads to appear in this week's newspaper, Assets decrease and Owner's Equity decreases.

Owner’s Equity Accounts are, an accrued expense is an accounting expense recognized in the books before it is paid for. You owe interest on an outstanding loan and haven't been billed by the end of the accounting period. 

It can be considered an accrued payroll, taxes on employee wages are due in the next period.

In Owner's Equity, that are are commonly accrued include: Interest on loans, for which no lender invoice has yet been received.

buildings

land

furtniture

trucks

machinery 

Adjusting entries

Preparing adjusted trial balance

Preparing financial statements

Closing entries

Preparing post-closing trial balance

Deferred revenue

Accured revenue

Matching principle

Recognition principle

Time period concept

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