If a provision is made for an impairment of 4,000 TL in stocks, which account should be credited? a) 119 Provisions for Impairment of Securities (-) 4.000 TL B) 649 Other Ordinary Income and Profits Hs. 4,000 TL NS) 659 Other Ordinary Expenses and Losses 4,000 TL D) 654 Provision Expenses Hs. 4,000 TL TO) 110 Stocks Hs. 4,000 TL

If a provision is made for an impairment of 4,000 TL in stocks, which account should be credited? a) 119 Provisions for Impairment of Securities (-) 4.000 TL B) 649 Other Ordinary Income and Profits Hs. 4,000 TL NS) 659 Other Ordinary Expenses and Losses 4,000 TL D) 654 Provision Expenses Hs. 4,000 TL TO) 110 Stocks Hs. 4,000 TL

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA2: Investments

Section: Chapter Questions

Problem 10MCQ

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17 - If a provision is made for an impairment of 4,000 TL in stocks, which account should be credited? a) 110 Stocks Hs. 4,000 TL B) 649 Other Ordinary Income and Profits Hs. 4,000 TL NS) 659 Other Ordinary Expenses and Losses 4,000 TL D) 654 Provision Expenses Hs. 4,000 TL TO) 119 Provisions for Impairment of Securities (-) 4.000 TL
5 - If a provision is made for an impairment of 4,000 TL in stocks, which account should be credited? a) 119 Provisions for Impairment of Securities (-) 4.000 TL B) 649 Other Ordinary Income and Profits Hs. 4,000 TL NS) 654 Provision Expenses Hs. 4,000 TL D) 659 Other Ordinary Expenses and Losses Hs. 4,000 TL TO) 110 Stocks Hs. 4,000 TL
10 - If a provision is made for TL 6,000 depreciation in stocks, what should be the debtor account? a) 654 Provision Expenses Hs. 6,000 TL B) 649 Other Ordinary Income and Profits Hs. 6,000 TL NS) 110 Stocks Hs. 6,000 TL D) 659 Other Ordinary Expenses and Losses Hs. 6,000 TL TO) 119 Provisions for Impairment of Securities (-) 6.000 TL
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