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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

    Which of the following shows the credit sales price adjusted for returns, discounts, and allowances expected to be collected from customers?

  2. 2
    When a company sells its goods or services on cash basis, how does the company record this transaction?
  3. 3
    Which approach that is used in the accounting for uncollectible receivables includes the analysis of customer balances with respect to the length of time they have not been paid?
  4. 4

    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.

  5. 5

    An ______ is an unintentional misrepresentation of some items. But, a _______ is an intentional misrepresentation of something.

  6. 6

    Which of the following internal control environment defines a set of standards, processes, and structures that provide a basis to carry control consciousness across the businesses?

  7. 7

    I. Units purchased and cost amounts

    II. Units sold and sales and cost amounts

    III. The quantity of merchandise inventory on hand and its cost.

    Perpetual Inventory System achieves better control over the inventory by recording which of the information above?

  8. 8

    Which of the following refers to the measure of a company’s ability to pay current liabilities from cash and cash equivalents?

  9. 9

    Which method is based on the specific cost of particular units of inventory?

  10. 10
    Which of the following refers to the business of purchasing receivables from companies upon a fee for the services performed to manage and collect receivables?
  11. 11
    If a company sells its goods and services on credit,  how should this company record this transaction? 
  12. 12

    According to which method, does ending inventory come from the oldest costs (beginning inventory and earliest purchases) of the period?

  13. 13
    Which of the following is the definition of "consistency principle", which is an inventory-related accounting principle?
  14. 14

    Which of the following is an example of non current assets?

  15. 15

    Which of the following shows the investments done by the owner/owners and the result of the operations of the company which is either profit or loss?

  16. 16

    Which of the followings refers to the situation when revenue is recognized before the cash is received?

  17. 17

    What is the measure of how quickly and easily an account can be converted into cash?

  18. 18

    What are examples of non-current assets?

  19. 19
    1. The company must calculate the results of its operations.
    2. The company must ascertain the term’s profit or loss.
    3. The revenue accounts and expense accounts have to be closed.

    Which of the statement/statements above is a reason for closing process?

  20. 20

    ABC Company's Liabilities are 300 million, Assets are 750 million TL. Which of the following is the amount of its Owner's Equity?

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