Deneme Sınavı Soruları

Bad debt expense

Accounts receivable

Trade discounts

Cash discounts

Cash (net) realizable value

in the Merchandise Inventory account

in the commercial invoice

in the beginning inventory

in the ending inventory

in the purchases account

Disclosure principle

Materiality Concept

Consistency Principle

Conservatism

Raw Materials Inventory

Payee

Maker

Factor

Promissory note

Buyer

Accounts Receivable, Sales Returns and Allowances

Cash, Sales Returns and Allowances

Banks, Sales Returns and Allowances

Cash, Sales Revenue

Sales Revenue, Banks

Bad debt expense

Allowance method

The direct write-off method

Cash discounts

Cash realizable value

Disclosure Principle

First-In, First-Out (FIFO) Method

Last-In, First-Out (LIFO) Method

Specific Identification Method

Average Cost Method

Only I

I and II

II and III

I and III

I, II and III

because effective inventory management is accepted as a fundamental measure of the overall health and success of a business

because the loss is recognized before an actual transaction takes place.

because most accounting is done using computerized methods

when the replacement cost of inventory falls below its historical cost

when the business computes a new weighted average cost per unit after each purchase

Cost receivables

Accounts receivables

Loan receivables

Cash receivables

Creditted receivables

as businesses prefer to use the same accounting methods and procedures from period to period

so that companies are able to purchase their inventories at a higher cost in the second year

because companies making investment analyze the invested companies’ net
income over a two-year period

so that the information provided will help investors and creditors to compare a company’s financial statements from one period to the next

as any increase in income results in huge decrease in the gross profit and operating income.

Trade receivable

Notes receivable

Sale revenue

Sales return

Accounts receivable

Periodic Inventory concept

Disclosure principle

Materiality concept

consistency principle

Perpetual Inventory concept

Employees

Investors

Creditors

Government

Customers

Companies record revenues when they provide a service.

Companies record expenses when the cash is paid. 

Cash basis accounting records only cash transactions.

It prevents businesses from being cautious. 

Companies focus only transactions which involve cash. 

matching principle

deferred expense

prepaid expense

deferred revenue

accrued expense

Financing current assets with non-current liabilities is more advantegous.

Non-current liabilities are the liabilities that their maturity dates are within one year.

Companies use their non-current liabilities for financing only non-current assets.

Non-current liabilities explain the measure of how quickly and easily an account can be converted into cash.

Non-current liabilities report the changes in the capital throughout the period caused by the owner’s  net profit or loss.

Revenues are the gross increase in owner’s equity resulting from business activities entered into for the purpose of earning income.

Revenues are the cost of assets consumed or services rendered in the process of earning revenue

Revenues are the gross income in owner’s equity resulting from trade business activities

Revenues are the financial transactions of the business recorded by accountants

Revenues are the expenses which decrease owner’s equit

identifying financial transactions 

recorded

communicates

keeping a chronological diary of events

bookkeeping