Quiz 1- Accounting
Authored by Marjanah Antok
Business
University
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65 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
(a) IS THE ART OF RECORDING CLASSIFYIONG AND SUMMARIZING IN A SIGNIFICANT MANNER AND IN TERMS OF MONEY TRANSACTIONS AND EVENTS.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
ACCOUNTING IS A PROCESS.
True
False
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
ACCOUNTING IS NOT AN ART.
True
False
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The following are the functions of Accounting:
•KEEPING SYSTEMATIC RECORD OF BUSINESS TRANSACTIONS
• PROTECTING PROPERTIES OF THE BUSINESS
• COMMUNICATING RESULTS TO VARIOUS PARTIES IN OR
CONNECTED WITH THE BUSINESS
• MEETING ILLEGAL REQUIREMENTS
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A BRANCH OF AACCOUNTING PRIMARILY HANDLING THE RECORDINJG OF FINANCIAL TRANSACTIONS OF A BUSINESS.
Financial Accounting
Management Accounting
Tax Accounting
Government Accounting
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
IS A BRANCH OF ACCOUNTING WHICH FOCUSES ON THE PREPARATION OF FINANCIAL REPORTS USED BY MANAGERS IN THEIR DAY TO DAY DECISION MAKING.
Financial Accounting
Management Accounting
Tax Accounting
Government Accounting
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
ENCOMPASSES THE PROCESS OF ANALYSING RECORDING CLASSIFYING, SUMMARIZING AND COMMUNICATING ALL TRANSACTIONS INVOLVING THE RECEIPT AND DISPOSITION OF FUND PROPERTY.
Financial Accounting
Management Accounting
Tax Accounting
Government Accounting
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