Ünite Sınavı Soruları

Which of the following is a common feature of the balance sheet and income statement?

Which of the following is the internal user of accounting?

Which of the following statements about the basic accounting equation is true?

Which of the following described as "Economic resources that are expected to benefit the business in the future"?

Accountants assume that the business will remain in operation long enough to use existing assets for their intended purpose. Which of the following assumption is the reason for this?

Which of the following  is NOT one of the features of corporations?

.......... refers to the valuation (determination of the monetary amount subject to recording) of assets and liabilities in accounting process.

I. Identifying

II. Recording

III. Correcting

Which of the above is/are take(s) part in the basic activities of the financial transactions of an entity

Which of the following reports the revenues and expenses and resulting net income or loss of a company for a specific period of time?

Which item or items is/are reported on the balance sheet?

Which of the following reports the assets, liabilities, and owner’s equity of the business at a specific date?

................... includes analyzing of each transaction in terms of its effect on the items of the
accounting equation.

I. Decrease assets and decrease liabilities

II. Increase assets and increase liabilities

III. Increase liabilities and decrease stockholders’ equity

IV. Increase assets and increase stockholders’ equity

If the business entity has net income, which of the statements numbered above shows the effect of net income on the accounting equation?

Which of the below is NOT a part of owner's equity statement?

"Accounting standards are .........."

Which of the following appropriately completes the definition above?

Which of the following is TRUE about owner's equity? 

I. It is the total assets of an entity, minus its total liabilities.

II. It represents the capital theoretically available for distribution to shareholders.

III. It refers to existing debts and obligations.

IV.  It is defined as economic resources a business owns and assets will provide future services or benefits

Which financial statement shows the position of an organization at a particular instant in time?

Which of the following is not among the external users of information?