Deneme Sınavı Soruları

When a company offers a cash discount to its customers.

When a company delivers goods on credit. 

When a customer delivers back the goods.

When a customer pays on cash.

When a company reduces the catalogue price of the goods. 

Transportation costs

Custom duties

Value added tax

The price paid to the supplier

Irrecoverable taxes

Cash (net) realizable value

Recognition of Accounts Receivable

Sales returns and allowances

Valuation of accounts receivable

Disposition of accounts receivable

Only I

I and II

II and III

I and III

I, II and III

Process, auditing

Department, auditing

Process, compliance

Unit, governance

Department, governance

Cost of Goods Sold divided by Average Merchandise Inventory

Cost of Goods Bought divided by Average Merchandise Inventory

Cost of Goods Sold divided by Days' Sales Inventory

Cost of Goods Sold multiplied by Average Merchandise Inventory

Cost of Goods Sold added to Average Merchandise Inventory

Internal control

External control

Internal audit

External audit

Independent audit

It is the other key ratio used by the management of a company to measure
average number of days that merchandise inventory is held by the company

It measures the number of times a company sells average level of merchandise inventory during a period.

It measures the number days that inventory is held by a company.

It is a method used in the calculation of the market value of work-inprocess inventory in manufacturing companies.

It is a method used in the calculation of the amount of work force required for production

I and II

I and III

Only II

Only III

I, II and III

Cash (Net) Realizable Value

Percentage of sales basis

Percentage of receivable basis

Aging of accounts receivable

Accounts Receivable Turnover Ratio

520,000

480,000

2,500

80,000

5,000

Merchandise İnventory

Account Receivables

Cash

Sales Revenue

Service Revenue

Raw Materials Inventory

Work in Process Inventory

Finished Goods Inventory

Merchandise inventory

Retail inventory

Ethics

Accounting Standards

Measurement Principles

Faithful representation

Basic assumptions

1

3

6

12

24

Revenue recognition principle dictates that revenue is recognized when it is earned not the cash is received.

Revenue recognition principle is the gross decrease in owner’s equity that results from operations.

Revenue recognition principle, revenue is recognized after the cash is received.

Revenue recognition principle, in accrued revenue, revenue is recognized before the cash is received.

Revenue recognition principle, is the cost of assets consumed or services used during the revenue earning process.

Some costs are not recorded during the current accounting period because these costs expire in time as a result of recurring daily transactions.

Some financial events are recorded on a day-to-day basis because it is wise to do so 

Some types of expenses may be recorded as an electricity bill may be received
until next accounting period.

Some types of income are not recorded as production cost could be higher than expected.

The accounts are almost ready to prepare the financial statements of the companies

Statement of cash flows

Income statement

Balance Sheet

Owner’s equity statement

Both A and B

T-Account

Ledger

Chart of Accounts

Typical Asset Accounts

Single-entry accounting

Liabilities

Funds

Assets

Revenues

Owner’s equities