ACC 557 TUTOR Learn by Doing/acc557tutor.com ACC 557 TUTOR Learn by Doing/acc557tutor.com | Page 32
SOME SAMPLE QUESTIONS ARE GIVEN BELOW OUT OF
THOSE 200 QUESTIONS
1Multiple Choice Question 54
Cost of goods sold is determined only at the end of the accounting
period in
neither a perpetual nor a periodic inventory system.
a perpetual inventory system.
a periodic inventory system.
both a perpetual and a periodic inventory system
2Multiple Choice Question 92
A sales invoice is a source document that
provides evidence of incurred operating expenses.
provides evidence of credit sales.
serves only as a customer receipt.
provides support for goods purchased for resale.
3Multiple Choice Question 149