Deneme Sınavı Soruları

Control environment

Fraud activities

Risk assessment

Control activities

Monitoring activities

The Buyer

The Seller

The Carrier

The Bank

The Warrantor

When there is a question, do not record an expense but record an asset.

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

Anticipate no gains, but provide for all probable losses.

When you are faced with a decision between two possible options, you must choose the option that does not undervalue

Do not report realistic figures but exaggerate assets or net income

Sales Returns and Allowances

Trade Discounts

Cash Discounts

Valuation of Accounts Receivables

Disposition of Accounts Receivable

The uncollectible amounts are anticipated 

The icome for the uncollectible account is matched against sales 

Forecasted uncollectible receivables are not credited

Collectible receivables are debited to Allowance for Doubtful Debts Account

Customers are expected to repay their debts

The purchase of inventories from a vendor.

Raw materials are converted to finished goods.

Raw materials are converted to work-in-process inventory.

The cash is collected from customers.

Inventories are sold to customers, either in cash or on account.

Pressure, opportunity, rationalization and separation of duties 

Pressure, opportunity, and rationalization

Opportunity and rationalization

Pressure and rationalization

Pressure and opportunity

Only I

Only II

I and II

II and III

I, II and III

To analyze customer balances with respect to the length of time they have not been paid.

To show the credit sales price.

To encourage the customer to make their payment earlier.

To show the losses incurred due to uncollectible receivables.

To record the written-off uncollectible account receivables.

Cheque

Bank Statement

Receipt

Cash

Bill

Hotels

Law firms

Retailer companies

Banks

Hospitals

Discounting of notes receivable

Payee

Trade receivables

Factoring

Promissory note

Maker

Payee

Cash

Cash budget

Voucher

II, III 

II, IV

I, III

I, II

I,IV

Increase in both cash and debt.

Decrease in both cash and debt.

Increase in both cash and capital.

Decrease in both cash and equity.

Increase in cash and decrease in debts.

Opening balance  

Relevance

Net income or loss  

Transactions with owner(s) 

Closing balance

Plant

Office equipments

Cars

Land

Factories

The Ledger

Chart of Accounts

Trial Balance

Balance Sheet

Income Statement

Cash

Accounts Payable

Unearned Revenue

Equipment

Revenues