accounting prelim

1st accounting book was publishes by

• cotrugli

• pacioli

• si jiros

• Joki

A service entity that provides quantitative information , which is financial in nature that influences decision-making

• PHILIPPINE FINANCIAL STANDARDS

• PHILIPPINE FINANCIAL REPORTING STANDARDS

• PHILIPPINE FINANCIAL ACCOUNTING STANDARDS

• EWAN

Is the act regulating the practice of accountancy in the Philippines

• R.A NO.9597

• R.A NO. 9098

• R.A NO. 9298

• NONE OF THE ABOVE

The term "auditor" comes from the latin word

• adire

• audire

• adire

• audiere

In the Philippines, bookkeeping was introduced by spanish and the bookkeeper was called

• teneder de sa libro

• teneder de al libro

• tenedor de libro

• tenedor d libro

Which of the following is NOT a financial report prepared by accountants

• Statement of Financial Position

• Income Statement

• Statement of Marketing Activities

Which of the following is a responsibility of the accountant?

• Make business decisions

• Provide financial information

• Manufacture products 

• Set business goals 

The process of recording, classifying, and summarizing transactions and events is known as

• Bookkeeping 

• Management

• Auditing

• Financial Analysis

Which of the following best describes a business?

• organization focused on philanthropy

• A non-profit organization 

• A government-owned entity 

• An economic unit involved in the buying and selling of goods/services

Which of the following entities has unlimited liability

• Sole Proprietorship 

• Corporation

• Government Agency

• Non-profit Organization