MUHASEBE I

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

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

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

When does the operation cycle begin?

What happens if the merchandise inventory is sold?

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

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

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

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

Why do the companies prefer “Perpetual Inventory System”?

Which of the following is incorrect information about the operating cycle?

Which account does a merchandiser use that a service company does not use?

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

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

Which of the following accounts is debit when purchasing stocks on account?

A company had sales of 300.000 and sales returns of 45.000. Cost of goods sold was 152.000. How much gross profit did a company report?

A company merchandise inventory account showed a balance of 7.000 before the year end adjustments. The physical count of goods on hand totaled 6.300. To adjust the accounts, which of the following is true about the company registration?

Anadolu Company purchased 60 units of piano from Melody Company on cash. Price of a piano is 12.000 TL. Which of the following is true about the Anadolu company's entry?

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?

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

Which of the following is a contra revenue account?