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1. Which of the following is not a general concept of accounting? a) Cost Base b)Substance Over Form c)Consistency d)Clearance c)Conservatism 2. Financial statements are
1. Which of the following is not a general concept of accounting? a) Cost Base b)Substance Over Form c)Consistency d)Clearance c)Conservatism 2. Financial statements are classified as and 3. Firm made sales of 50.000 TL + 18% VAT, but didn't receive the fee of sales yet (Do the journal entry). 4. Firm bought merchandise valued 8.260 TL including 18% VAT by promising to pay the fee later (no notes) (Do the journal entry). 5. Firm paid its non-noted debt of 8.260 TL (Do the journal entry). 6. Firm turned its non-noted receivables of 10.000 TL and noted receivables of 5.000 TL to cash (Do the journal entry). 7. Firm paid stationary expenses of 200 TL + 18% VAT (Do the journal entry). 8. Firm received commission income of 3.000 TL + 18% VAT via bank (Do the journal entry). 9. Firm decreased its capital by 10.000 TL. The capital decrease of 10.000 TL is paid to firm owners (Do the journal entry). 10. Firm bought an office desk valued 2.0-^ TL including 18% VAT with notes journal entry)
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