Deneme Sınavı Soruları

The lengthier a receivable is past due, the less are the chances for collectivity.

The older they are, the more they can pay.

The older they are, the more properties they have.

The older they are, the less the expenses are.

The older they are, the more responsible they are.

fraud triangle

Error triangle

Fallacy triangle

Trick triangle

Delusion triangle

Promissory note

Maker

Payee

Notes payable

Notes receivable

Cash discounts

Sales returns

Sales allowances

Accounts receivable

Trade discounts

Beginning Inventory - Purchases – Ending Inventory

Beginning Inventory + Purchases + Ending Inventory

Beginning Inventory - Purchases + Ending Inventory

Beginning Inventory + Purchases – Ending Inventory

 Ending Inventory – Purchases – Beginning Inventory 

Net income

Income before tax

Gross profit

Net sales

Cost of goods sold

Bad debt expense is treated under the allowance method or the direct write-off method.

Bad debt expense is an income statement account that shows the losses
incurred due to uncollectible receivables.

Bad dept expenses are not overstated on the balance sheet

Bad debt expense is not a good indicator of a company’s credit policy.

Bad dept expenses are not considered in account management of companies

Bad debt expense

Cash discounts

Sales returns and allowances

Cash (net) realizable value

Trade receivables

Purchase inventory

Sell the inventory

Collect cash from costumers

Depreciation entities

Post-closing entities

Consistency Principle

Disclosure Principle

Materiality Concept Principle

Conservatism concept Principle

Perpetual Inventory Principle

Cash flow

Cash budget

Fraud

Bank Reconciliation

Bank statement

Only I

I and II

II and III

I and III

I, II and III

Inventory is valued at market value other than cost.

Inventories which are most recently purchased are sold first.

Inventories which are purchased first are sold first.

Weighted average cost per unit is determined by dividing the cost of goods available for sale by the number of units available.

The business maintains detailed records of inventory sales and purchases as well as carefully identifying the inventory sold.

Income statement

Balance sheet

Statement of owner’s equity

Adjusted trial balance

Post-Closing Trial Balance

Sole proprietorship

Partnership

Customer

Corporation 

Regulatory

The time-period concept 

Matching Principle 

Revenue recognition principle 

Deferred revenue concept 

Deferred expense concept

Adjusted trial balance

Balance sheet

Income statement

Statement of owner’s equity

Income Summary Account

Companies have two finance sources for their assets. They are liabilities and owner’s equity.  

The sources of financing a business is owner’s equity.

The sources of financing a business is non-current liabilities.

The sources of financing a business is non-current assets.

The sources of financing a business isthe cash, and cash equivalents.

Contributions by owner(s)

Distributions to owner(s)

Expenses.

Creditor(s)

Revenues

Expenses is recorded at the same time with the revenues.

Expense is recognized when cash is received.

Expense is recognized when it is incurred.

Expense is recognized after the cash is received.

Expense is recognized after the cash is paid.