Ünite Sınavı Soruları

I. Periodic inventory system 

II. Perpetual inventory system.

III. Systematic inventory system.

Which of the statements above is/are among the inventory systems of merchandising companies?

Which of the following is the formula of gross profit?

Which of the following is the beginning activity in an operating cycle for a merchandising company?

.....................begins with the purchase of merchandise inventory and ends when the cash from sales is collected from customers.

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

In which of the following, the rest of the inventories account is updated after each transaction?

Which of the followings is not among the expenses of “Single-Step Income Statement”?

The two main inventory accounting systems are the ..................

Which of the following is the right place to be left blank?

The credit terms of Purchase of Inventory on August 5 from ABC Company is 3/10; n/30.  XYZ Cmpany bought 500 bags on August 5, price of a bag is 50TL. XYZ Company made payment on August 15. Whic of the following is the amount of discount in this transaction?

Which of the following buys merchandise inventory either from a producer or a wholesaler and then sells those goods to consumers?

Which of the followings is not in inventory cost flow?

Purchase cost inventory of ABC company is 140.000. There is purchase returns amount of 25.000 and there is no allowances and discounts. Which of the following is the amount of net cost of inventory purchased?

How sales discounts should appear in the financial statements?

Operating cycle begins with the.............. and ends with ........................

Please choose the right answer which fulfills the blanks correctly. 

If sales revenue is 4.000 TL, Sales returns and allowances are 450 TL and sales discounts are 600 TL, which one should be the net sales revenue?

Most of the differences between the periodic and perpetual inventory systems are recognized by the buyers, but from the seller’s perspective, the only difference is the absence of _____ entry after each sales record.

Which of the following best completes the statement above?

Which one of the following describes the unsold inventory?

Which of the following is a contra revenue account?

Which one of the following is a manufacturing company?

Which of the followings purchase the goods that are ready to be sold and sell them to generate revenue?

Suppose that Victor Company sold 200 units of bottle to a customer for cash. Sales price of a glass is 8.00 TL. According to this information, which account will be credited by Victor Company?