Aof Panel

Soru 1

............... is an information system which provides financial information about the entity for decision makers.

What is the term explained above?

Soru 2

Accounting system includes three kinds of basic activities which are .............., ............. and .............. of the financial transactions of an entity to interested users. What are these three basic activities?

Soru 3

Which of the following information users belong to internal users group?

Soru 4

What are the humanly devised rules, procedures, and norms to judge one’s action as right or wrong, honest or dishonest, and fair or not fair?

Soru 5

Which of the following statements about the basic accounting equation is true?

Soru 6

Cash, Supplies, Merchandise, Inventory, Furniture, Land, Buildings, Equipments are examples of ................ .

Soru 7

If a company borrows money from a bank to purchase a machine or purchases merchandise, what this borrowing will create for the company?

Soru 8

There are four basic financial statements prepared by using summarized accounting data. Which is not one of these statements?

Soru 9

Which shows the true order of preparing financial statements?

Soru 10

Which is not one of the four main factors which increase or decrease the level of owner’s equity?

Soru 11

I. Recording the business transactions

II. Communicating of the financial transactions of an entity to interested users

III. Identifying business activities

IV. Growing sustainably to gain more benefits

Which of the given is among the basic activities of accounting?

Soru 12

Which of the given is realized during the communication of the summarized information?

Soru 13

Which of the following can NOT be an example of external users?

Soru 14

.......... refers to the valuation (determination of the monetary amount subject to recording) of assets and liabilities in accounting process.

Soru 15

Which of the given is TRUE about monetary unit assumption?

Soru 16

Cash, buildings, furniture and merchandise inventory are the examples of .......... .

Soru 17

Which of the following is TRUE about liabilities?

Soru 18

I. Assets

II. Liabilities

III. Distributions

IV. Owner's equity

Which of the given are among the elements which reflect the financial situation of an organization?

Soru 19

Which of the following is NOT one of the features of corporations?

Soru 20

I. Standards generally use one of two main principles in measurement: historical
cost principle or fair value principle.

II. The fair value principle dictates that assets and liabilities should be reported at their fair values.

III. Assets are recorded at their cost when acquired by the company and this value stays same over the time according to the historical cost principle.

Which of the given is TRUE about measurement principles?

MUHASEBE I