Introduction to Accounting and Accounting Ethics and Concepts

Introduction to Accounting and Accounting Ethics and Concepts

1st Grade

45 Qs

quiz-placeholder

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Introduction to Accounting and Accounting Ethics and Concepts

Introduction to Accounting and Accounting Ethics and Concepts

Assessment

Quiz

Business

1st Grade

Practice Problem

Medium

Created by

Evendor Babwah

Used 112+ times

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45 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 5 pts

Which of the following is not part of accounting

Summarizing data

Recording transactions

Interpreting Financial Statements

Sharing accounting data with other businesses

2.

MULTIPLE CHOICE QUESTION

3 mins • 5 pts

Which of the following allows a business to be successful?

Making a loss

Making a profit

Making constant profit

Making constant loss

3.

OPEN ENDED QUESTION

3 mins • Ungraded

What is book-keeping?

Evaluate responses using AI:

OFF

4.

FILL IN THE BLANK QUESTION

3 mins • 5 pts

A person who uses accounting information that is not part of the business is known as...

5.

FILL IN THE BLANK QUESTION

3 mins • 5 pts

The name of a person who has interest in your business and is willing to put their money as contribution to your business with a hope of making a return is called ...

6.

MULTIPLE CHOICE QUESTION

3 mins • 5 pts

A business where there is one owner is known as a

Partnership

Company

Sole Trader

Entrepreneur

7.

MULTIPLE SELECT QUESTION

3 mins • 5 pts

Which of the following jobs can be obtained without an accounting degree or qualification?

Bank Clerk

Accounts assistant

Book-keeper

Consultant

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