Ünite Sınavı Soruları

I. Service companies

II. Manufacturing companies

III. Merchandising companies

Based on their operations, companies are classified into three categories, so which of the classification items above is/are among this classification?

Which one of the following is the equation of "Beginning Inventory + Purchases – Ending Inventory"

Which of the following is the formula of cost of goods sold?

Which one of the following is the last line of the income statement?

Which one of the following is the amount of deduction of COGS from sales revenue?

1. raw materials inventory
2. work-in-process inventory
3. finished goods inventor

Which of the inventory types above do manufacturing companies have?

If the sales agreement includes cash discount, the amount of discount is deducted from the “.........................” account.

Which of the following should be brought to the space left above?

Which transaction belongs to the record in the figure?

Blue Company sold 100 units of piano to a customer for cash On May 20. Sales price of a piano is 8.00 TL. Which of the following is true about the accounting record to be made according to this information?

Which one of the following is the equation of "Net sales revenue – Cost of goods sold"?

Which of the following statements is not true regarding “Periodic Inventory System”?

1. Service companies
2. Manufacturing companies
3. Merchandising companies

Which of the companies above are one of the categories classified based on their operations?

Which of the following is the first step of operating cycle for a merchandising company?

Which of the following statements is not true regarding “Perpetual Inventory System”?

I. Hospital

II. Hotel

III. Law firm

Which of the companies above is/are a kind of service company?

Which of the followings is type of businesses in which raw materials are converted to finished goods and then sold to customers?

Which one of the following buys merchandise inventory from producer and sells it to costumers?

In which inventory system there is no record for Cost of Goods Sold (COGS) until the end of accounting period?

I. Raw materials inventory

II. Work-in-process inventory

III. Finished goods inventory

Which of the inventory types is/are used by manufacturing companies?

Which one of the following buys merchandise inventory from producer and sells it to retailers?