Aof Panel

Soru 1

Which of the following can be classified as a merchandising company?

Soru 2

If the merchandise inventory is sold, its cost is taken from inventory account in balance sheet and recognized as an _____ in the income statement.

Which of the following best completes the statement above?

Soru 3

Which of the following is true according to the “matching principle” ?

Soru 4

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

Soru 5

Which of the following describes the formula to calculate the cost of goods (COGS) sold during the period?

Soru 6

If two parties agree on the shipment as FOB shipping point, transportation is the buyer’s responsibility. It is also called _____ .

Which of the following best completes the statement above?

Soru 7

Where is the Purchased merchandise inventory is recorded at the time of purchase?

Soru 8

_____ exists when sellers allow purchasers to return merchandise that is defective, damaged, or under-performing.

Which of the following best complete the statement above?

Soru 9

Which of the following is the correct formula for "Net sales revenue"?

Soru 10

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?

Soru 11

I. Service companies

II. Manufacturing companies

III. Merchandising companies

Based on their operations, companies are classified into three categories, so which of the classification items above is/are among this classification?

Soru 12

I. Hospital

II. Hotel

III. Law firm

Which of the companies above is/are a kind of service company?

Soru 13

Which of the followings is a kind of merchandising company?

Soru 14

I. Raw materials inventory

II. Work-in-process inventory

III. Finished goods inventory

Which of the inventory types is/are used by manufacturing companies?

Soru 15

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

Please choose the right answer which fulfills the blanks correctly.

Soru 16

Which of the following statements is not correct?

Soru 17

I. When the companies purchase merchandise inventory to resell, it is an expenditure.

II. All expenditures that the companies incur until the goods become ready to be sold are included in the cost of merchandise inventory.

III. When the goods are sold, the cost in balance sheet is transferred to income statement as an expense.

Which of the statements above about cost flow for merchandising companies is/are correct?

Soru 18

I. Sales

II. Cost of goods sold

III. Operating expenses

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

Soru 19

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?

Soru 20

Which of the followings is not in inventory cost flow?

MUHASEBE I