7. Which of the following is a method used to track stocks?

a) First In, First Out Method (FIFO)

b) Average Evnater Method

c) Continuous Inventory Method

d) Moving Inventory Method

8. The entity paid TL 1,000.- to the contracted lawyer to cover the fees and expenses of lawsuits. Which of the following accounts will be debited in the relevant accounting record?

 a) 196 Personnel Advances

b) 381 Expense Accruals

c) 770 General Administrative Expenses

d) 195 Business Advances

e) 100 Cash