POA MULTIPLE CHOICE

POA MULTIPLE CHOICE

9th Grade

40 Qs

quiz-placeholder

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POA MULTIPLE CHOICE

POA MULTIPLE CHOICE

Assessment

Quiz

Other

9th Grade

Medium

Created by

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

Media Image

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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