Ünite Sınavı Soruları

Which of the following is defined as one form of trial balance that holds in-term transactions’ totals and balances as well as the end of the period transactions’ totals and balances for final checking of the accounts and preparation of financial statements?

Which of the following is an example for current liabilities?

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?

Beginning of the period activities deal with the opening transactions of the company. After the closing entries done for the previous term, the accounts have to be opened for the new fiscal year. The opening of the accounts is based on the ______________ which is also the closing balance sheet of the ended period.

Which of the following completes the sentence above?

What is the purpose of the closing process in accounting?

The chart shows the closing entry of Company A. What might the account seen below be?

In which statement are revenues and expenses reported?

What time period does an income statement cover?

Which one of the following is the first step of the accounting cycle?

Which of the following is the correct definition of the accounting cycle?

For the preparation of financial statements, which of the following is the starting point?

Which of the following best describes "Liquidity"?

Which one of the following is the financial statement that reports operation results of a business for a specific period of time (month, quarter quarter, or year year)?

Which of the following stages in accounting cycle includes "opening the accounts for the new fiscal year"?

Which of the accounts below are the only ones that have balances left at the end of the period?

I.Revenue accounts

II.Assets

III. Expense accounts

IV. Capital accounts

V.Liabilities

Which of the following is the first step of accounting cycle?

BB Company has a Service Revenue account which has a credit balance of 7,400 TL. Which of the following accounts is used for closing this account?

Which of the following should be prepared after adjusting entries?

When the revenue accounts and expense accounts are closed and Which of the following their balances were transferred to first?

What items appear on the income statement?