Deneme Sınavı Soruları

Voucher

Cash ratio 

Petty cash fund

Bank statement

Bank reconciliation

Recognition of sales on hand

Validation of accounts receivable

Disposition of accounts receivable

Proposing  a new receivable

Expansion of receivables

Specific Identification Method

Average Cost Method

First-In, First-Out (FIFO) Method

Last-In, First-Out (LIFO) Method

Minimum cost method

Only I

I and II

II and III

I and III

I, II and III

Theft

Fraud triangle

Rationalization

Collusion

Opportunity

65

70

75

80

85

Internal control

External control

Internal audit

External audit

Independent audit

Hiring competent, reliable, and ethical personnel

Information Technology

Assignment of responsibilities

Monitoring and audits

Documentation

It is a method of approximating the flow of inventory costs in a business that is used to determine the amount of cost of goods sold

It is a method of calculating the Cost of Ending Inventory and Cost of Goods Sold once at the end of an accounting period

It is an inventory system of tracking and recording inventory and cost of goods sold on a continual basis

It is an alternative way of calculating real time balances of Inventory Account and the Cost of Goods Sold Account.

It is a system of determining the quantity of inventory on hand only periodically.

Accounts Payable account is credited 150 TL

Cash account is credited 150 TL

Merchandise Inventory account is credited 150 TL

Accounts Payable account debited 500TL

Merchandise  Inventory account is debited 500 TL

Anticipate no gains, but provide for all probable losses.

If in doubt, record an asset the lowest reasonable amount and reliability at the highest reasonable amount.

When there is a question, record an expense rather than an asset

When you are faced with a decision between two possible options, you must choose the option that undervalues, rather than overvalues, your business

When there is a question,ıt should be not recorded.

Inventory Turnover Ratio

Average Merchandise Inventory

Days’ Sales in Inventory

Net Realizable Value

Lower of Cost or Market Value Method

Average Cost Method

Inventory Cost Flow

Specific Identification Method

Weighted average cost per unit

Conservatism

It states that assets are recorded at their cost.

It states that assets and liabilities are reported at their fair value.

It means the factuality of financial statements.

It is the universally accepted accounting principle that all material matters are to be disclosed.

It refers the impact capacity of financial information on the decisions of information users.

They are economic resources a business owns.

They are claims against assets as existing debts and obligations.

They represent the capital theoretically available for distribution to shareholders.

They are the ownership claims on total assets. 

Raw materials and supplies which are needed to start production become liabilities of the company when they are acquired.

Accounting periods should be more than 5 years.

The time-period concept assumes that unlimited economic life of a company will be divided into regular intervals and that financial statements will be prepared for specific periods such as a month, quarter, or year.

Accounting periods may be approximately weekly for preparing.

The time period principle is the concept that a business should report the financial results of its activities over a standard time period which is usually about 2 or 3  years.

The time period concept is one of the fundamental accounting principles and rules, applicable to only cash accounting.

Owners

Managers

Employees

Creditors

Suppliers

Only III

I & II

I & III

II & III

I, II & III

Classified balance sheet

Income statement

The statement of owner's equity

Adjusted trial balance

Closing entries

Assets increase on right side

Liabilities decrease on right side

Distributions increase on left side

Expenses increase on right side

Revenues decrease on right side