Ünite Sınavı Soruları

Which of the following means that you will record the expenses at the same time with the revenues related with these expenses are recorded?

Which of the following assumes that expense is recognized before the cash is paid?

XX Company purchased an Office Building on January 1, 2019.  The cost of the office building is 800,000 TL, and the residual value is 80,000 TL. The business believes that the office building will be used for 40 years. If they use straight-line depreciation method, which of the following is the depreciation expense amount for each year?

Which of the followings is correct about deferred expenses?

What are the main purpose of adjusting entries in accounting?

Which of the following is not the data needed for adjusting entries?

What is the matching rule?

Which financial statement is prepared on the basis of balance sheet, income statement and owner’s equity statement?

Which one of the following describes the depreciable asset’s cost minus the asset’s accumulated depreciation?

Which of the following assumes "unlimited economic life of a company will be divided into regular intervals and that financial statements will be prepared for specific periods"?

Which of the following requires that revenue is recognized when it is earned not the cash is received?

Which of the followings refers to  the cost invested in the asset that the business has not yet expensed or unexpired?

According to which principle of the following the revenue is recognized before the cash is received?

"The time-period concept assumes that........."

Which of the following statement appropriately completes the sentence above?

According to which principle of the following, the expense is recognized after the cash is paid?

In ______________, revenue is recognized after the cash is received.

Which of the following completes the statement above?