Ünite Sınavı Soruları

Which of the following is NOT an example of financial statement?

…….are economic resources that are expected to benefit the business in the future.

I. Standards generally use one of two main principles in measurement: historical
cost principle or fair value principle. 

II. The fair value principle dictates that assets and liabilities should be reported at their fair values.

III. Assets are recorded at their cost when acquired by the company and this value stays same over the time according to the historical cost principle.

Which of the given is TRUE about measurement principles?

Which of the given is TRUE about monetary unit assumption?

Which of the following is not true for "basic accounting equation"?

I. Internal users

II. External users

III. General users

Which of the above is/are the main group(s) of accounting information users?

1. Identify business activities
2. Record the business transactions and
3. Recording includes recording, classifying, and summarizing
4. Communicates the results to decision makers

Which of the information above can be said about accounting information system?

Cash, buildings, furniture and merchandise inventory are the examples of .......... .

Which of the following can NOT be an example of external users?