Tapılan ümumi test sayı : 2961

Generally Accepted Accounting Principles are a set of accounting ....... approved by the professional accounting industry.
A) standards
B) suggestions
C) systems
D) syllabuses
The ....... method attempts to ensure that perishable products are sold while they are still in good condition.
A) FIFO
B) LIFO
C) FEFO
D) FILO
The ....... method presumes that the company will continue to keep their oldest items in inventory.
A) LIFO
B) FEFO
C) FIFO
D) FILO
The ....... method is based on the presumption that the most recent stock items purchased will be the initial items sold.
A) LIFO
B) FILO
C) FIFO
D) FEFO
The ....... method of inventory evaluation is based on the presumption that most companies normally sell the oldest items in their inventory before they sell the newer ones.
A) FIFO
B) FEFO
C) FILO
D) LIFO
The moving average method uses an average cost for inventory items that is calculated and ....... at the time of each sale.
A) decided
B) added
C) depicted
D) applied
The ....... average method divides the total cost of inventory items by their total number at the end of any accounting period.
A) overall
B) adjustable
C) weighted
D) standard
The ....... identification method records actual cost flow: each individual item and its cost must be accounted for.
A) product
B) positive
C) specific
D) total
There are four generally accepted approaches to inventory valuation based on ....... cost.
A) historical
B) physical
C) basic
D) presumed
Inventories cannot be ....... until sold, and meanwhile they are considered an asset.
A) depleted
B) recorded
C) eliminated
D) expensed
Inventory accounting starts with the inventory on ........
A) record
B) stock
C) deck
D) hand
The ....... balance method presumes that the asset depreciates more when it is newer and less as it ages and wears.
A) discarding
B) depleting
C) descending
D) declining
Straight ....... depreciation, the most common method of depreciating assets, simply divides the initial cost of an asset by the number of years that it will presumably be of use.
A) ahead
B) line
C) forward
D) measure
At the end of each year, the annual depreciation is subtracted from the asset's cost; this determines its ....... value, which presumably is the same as its market value.
A) account
B) actual
C) operational
D) book
The yearly depreciation for an asset is calculated using its ....... cost and the number of years that it will presumably retain some value.
A) initial
B) gross
C) list
D) formal
For assets that have a useful life of more than one year, the cost must be ....... off over at least two years.
A) stated
B) carried
C) reduced
D) written
If a business reduced a single year's income by the total cost of such an asset, it would result in a profit understatement in that year and a profit overstatement during the ....... years.
A) succeeding
B) consequent
C) continuous
D) previous
However, the entire cost of such an asset cannot be ....... in the year it is acquired.
A) deducted
B) reduced
C) remaindered
D) deduced
Almost all companies invest in vehicles, furniture, machinery or buildings, and those that will be used for more than one year are considered ....... assets.
A) durable
B) permanent
C) capital
D) sizeable
Calculating and ....... for this loss in value of such an asset is called depreciation.
A) subtracting
B) applying
C) accounting
D) disposing
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