ACCTG201 CH1-3 Review
Quiz
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Business
•
University
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Practice Problem
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Medium
jennyfer laurent
Used 8+ times
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Enhance your content in a minute
16 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
True or False.
Accounting can be defined as the language of business
True
False
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
True or False.
Accounting can be defined as a measurement/communication process.
True
False
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
True or False.
Accounting can be defined as a mathematics course.
True
False
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Select the business activity that corresponds to the transaction.
Transaction: Borrow from the bank
Operating
Investing
Financing
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Select the business activity that corresponds to the transaction.
Transaction: Provide services to customers
Operating
Investing
Financing
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Select the business activity that corresponds to the transaction.
Transaction: Issue common stock to investors
Operating
Investing
Financing
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Select the business activity that corresponds to the transaction.
Transaction: Purchase land
Operating
Investing
Financing
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