
POA MULTIPLE CHOICE

Quiz
•
Other
•
9th Grade
•
Medium
Jason Pierre
Used 5+ times
FREE Resource
40 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
1. The MAIN internal users of accounting information are?
Manager
Competitor
Government
Local companies
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following states the correct order of the stages in the accounting cycle, before Final Accounts?
Journalizing, Posting to Ledger,
Trial Balance
Posting to Ledger, Trial Balance,
Journalizing
Posting to Ledger, Journalizing,
Trial Balance
Journalizing, Tria1Balance, Posting to Ledger
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A non-trading organization is MAINLY
concerned with
Import goods for resale
Trading only with wholesalers
Providing various services for its members
making maximum profit for the
proprietor
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following are benefits of using accounting software?
I. Integrated analysis of information
II. Almost immediate updating of records
III. Programmable to recognize irregular entries
I and II only
I and III only
II and III only
I, II and III
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the amount for total fixed assets?
$9000
$14000
$14600
$15050
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following listings of current assets are in order of permanency?
Debtors, bank, cash, stock
Cash, debtors, bank, stock
Bank, cash, debtors, stock
Stock, debtors, bank, cash
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A trader received an invoice for $4 000 less 25% trade discount. Subsequently he returned one-eighth of the goods. What amount would be catered in his Returns Outwards Account?
$375
$400
$450
$500
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