Ünite Sınavı Soruları

I. Sales

II. Cost of goods sold

III. Operating expenses

Which of the items is/are recorded in the income statement?

What happens when Cost of Goods Sold (COGS) is deducted from sales revenue?

Which of the followings provide services to demanding parties without incurring any manufacturing or trading activities?

In which financial statement are sales returns, sales discount and sales allowances  shown?

1. Periodic inventory system is used by the companies with inexpensive inventories
2. Perpetual inventory system is used by the companies manual accounting systems.
3. Perpetual inventory system provides high level of control over inventories.

Which of the statements above is true for inventory systems?

Which one of the following is not a service company?

I- Sell the inventory

II- Purchase inventory

III- Collect cash from customers

Which of the above are included in the operating cycle of a merchandising company?

Which one of the following is the description of this phrase "If customers are unsatisfied with the goods they purchased, because of defects or for other reasons,
seller may reduce the initial price at which the goods were sold to pursue the customers to keep the goods"?

Which of the following  is a contra-sales revenue account?

ABC Company uses periodic inventory system. The begnning inventory is 10,000 TL, purchases in that period is 5,000TL and the ending inventory costs 1000 TL. Which of the following is the cost of goods sold during the period?

When does the operation cycle begin?

Which one of the following is the end of an operating cycles one round?

Suppose that on April 15, %10 of the 100 units (each unit costs 500 TL) of baby car seats sold on credit on April 20 is returned. Which of the following accounts are used to record this transaction?

Why do the companies prefer “Perpetual Inventory System”?

The ending inventory of Sky is 45.000. If beginning inventory was 75.000 and goods available totaled 130.000, the cost of goods sold is....

Suppose that Nehir Company sold 150 units of baby car seats to a customer for cash On May 28. Sales price of a baby car seat is 1.000 TL. Which of the following is true for the recording of this transaction?

Which company type divided into two subtypes, retailer and whole seller?

beginning inventory + purchases - ending inventory = ?

What is the formula above?

Which of the following is calculated when Cost of Goods Sold (COGS) is deducted from sales revenue?

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