Deneme Sınavı Soruları

Net sales revenue = Sales Returns – (Sales Revenue and Allowances + Sales Discounts)

Net sales revenue = Sales Revenue – (Cost of goods sold + Sales Discounts)

Net sales revenue = Sales Revenue – (Sales Returns and Allowances + Purchases)

Net sales revenue = Sales Revenue + (Sales Returns and Allowances + Sales Discounts)

Net sales revenue = Sales Revenue – (Sales Returns and Allowances + Sales Discounts)

Sales allowances

Cash discounts

Trade discounts

Valuation of accounts receivables

Deferred Delay Charges

Merchandising Companies

Operating cycle

Inventory Systems

Merchandise Inventory

Freight–in

Lower of Cost or Market Value Method (LCM)

Specific Identification Method

Average Cost Method

First-In, First-Out (FIFO) Method

Last-In, First-Out (LIFO) Method

Information Technology

Hiring competent, reliable, and ethical personnel

Assignment of responsibilities

Separation of duties

Documentation

365 days divided by receivable turnover ratio

365 days multiplied by receivable turnover ratio

Net credit sales divided by net accounts receivable

Net credit sales multiplied by 365 days 

Receivable turnover ratio divided by net accounts receivable

pressure,flexibility,risks

flexibility, risks, opportunity

pressure, risks, rationalization

flexibility, risks, rationalization

pressure, opportunity,rationalization

Raw materials inventory

Work in process inventory

Finished goods inventory

Service inventory

Operational inventoy

Only I

Only II

I and II

II and III

I, II and III

Receivable is an accounting term associated with the amounts that are owed to the business by other parties.

It is not possible to classify receivables with respect to the nature of the transaction or with respect to their maturity structures.

The receivable term cannot be used for the cases when someone lends money to another person

Receivables arise from main operating activities of companies and they are known as trade receivables differently from notes receivables.

Receivables can be classified only as short-term receivables with respect to
their maturity structures.

Management

Internal control

Operations objectives

External Control

Cash ratio

Accounts payable

Accounts receivable

Notes receivable

Notes payable

Petty cash

It is an inventory costing method in which the first costs into inventory are the first costs out to cost of goods sold. Ending inventory is based on the costs of the most recent purchases.

It is an inventory costing method in which the last costs into inventory are the first costs out to cost of goods sold. 

It is an inventory costing method which leaves the newest costs and purchases in ending inventory.

It is a method which assumes that inventories which are most recently purchased are sold first

It is a method in which cost of goods sold is based on the most recent purchases (new costs)

The shape of the account resembles the letter H.

T-accounts have a title and include five sides

Debit represents the right side of an account. 

Credit represents the left side of an account.

Each account has a space for recording increases in the amount of the item.

Current assets

Non-current assets

Current liabilities

Non-current liabilities

Owner's equity

revenue is recognized when it is earned not the cash is received

revenue is recognized when the cash is paid

Balance sheet

Income statement

Statement of owner’s equity

Cash flow statement

Adjusted trial balance

Trial Balance

Supplies balance

Debiting balance 

Double-entry system

Credit balance

Bookkeeping

Accounting 

Identifying

Information users

Honestly

Land

Building

Notes receivable

Prepaid expenses

Unearned revenue