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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

    What is the name of the system which relies upon physical count of the inventory to determine the ending inventory balance and cost of goods sold?

  2. 2

    Internal control is a .........., affected by an entity’s board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives related to operations, reporting and ...........

  3. 3

    Which inventory-related accounting principle states that a company must perform strictly proper accounting only for significant items?

  4. 4

    Which of the following contains small cash amounts to use for small expenditures?

  5. 5

    Which one of the following is "an intentional misrepresentation of facts which is, made for purpose of persuading another party to act in a way that causes injury or damage to that party"?

  6. 6

    Which of the followings is not among the expenses of “Single-Step Income Statement”?

  7. 7

    Which of the following shows the calculation for Days' Sales Inventory?

  8. 8

    Which of the followings is a valuation method which requires inventory to be reported in financial statements at whichever is lower – its historical cost or its market value.

  9. 9

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

  10. 10

    Which one of the following buys merchandise inventory from producer and sells it to retailers?

  11. 11

    What should be created so as to empower the environment of the business against the cybersecurity attacks and fraud?

  12. 12

    The primary responsibility for establishing and maintaining internal control rests with 

  13. 13

    If the merchandise inventory is sold, its cost is taken from inventory account in balance sheet and recognized as an _____ in the income statement.

    Which of the following best completes the statement above?

  14. 14

    Which of the followings is correct about cash basis accounting?

  15. 15

    ..................is an individual accounting tool that shows the increases and decreases in a specific asset, liability, or owner’s equity item during a specified period.

    Which of the following should be brought to the space left above?

  16. 16

    Which accounts appear on which financial statement?

  17. 17

    Which one of the following occurs when the sum of the left side exceeds the sum of the right side of an account

  18. 18

    Which of the following is the internal users of accounting?

  19. 19

    ________ is a business owned and run by one person.

    Which of the following completes the sentence above?

  20. 20

    Which of the following is used for providing a standardized way of describing the company’s financial performance?

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