MUHASEBE I - Deneme Sınavı - 9

Which of the expenses above can be considered as examples of prepaid expenses?

Which of the following is the cost of an asset, or other amount substituted for cost, less  its residual value?

Which of the following has an indefinite useful life?

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?

XX Company purchased an Office Building on January 1, 2018, and the cost of the office building is 300,000 TL, and the residual value is 20,000 TL.The business believes that the office building will remain useful for 40 years, and at the end of 40 years, it will be worthless. If we they use straight-line depreciation method, which of the following is the depreciation for each period?

B Company purchased an Office Building on January 1, 2016, and the cost of the office building is 500,000 TL, and the residual value is 60,000 TL. The business believes that the office building will remain useful for 40 years. If  they use straight-line depreciation method, which of the following is the accumulated depreciation of Office Building on December 31, 2019 ?

I. Cash basis

II. Accrual basis

III. Record basis

Which of the above is/are the basis of accounting?

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"?

"The cost of assets consumed or services used during the revenue earning process."

Which of the following is the definition given in the sentence above?

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

Which of the following dictates that revenue is recognized after the cash is received.

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

Which of the following is the process of analysing and updating of accounts at the end of the period before the financial statements are prepared?

Which of the following calculated by the cost of an asset, or other amount substituted for cost, less than its residual value.

Which depreciation method allocates an equal amount of depreciation for each period?

Which of the following is a list of all the accounts with their adjusted balances?

The account unearned revenue is a(n)..........

Which of the following information about adjusting entries is correct?

Which of the following accounts is not closed?

On a adjusted trial balance, which of the following would indicate that an error has been made?