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Cuestionario de Contabilidad

Authored by Julian Peña

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University

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Cuestionario de Contabilidad
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is accounting?

The management of employees in a company

The recording and organization of financial transactions

The evaluation of customer satisfaction

The planning of marketing

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main difference between accounting and bookkeeping?

Accounting only focuses on taxes

Bookkeeping is responsible for interpreting and analyzing financial data

Accounting is responsible for conducting external audits

Both are exactly the same

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a fundamental principle of accounting?

Consistency

Relevance

Creativity

Reliability

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do the accrual and cash accounting methods differ?

In the accrual method, revenues and expenses are recorded when they occur, while in the cash method, they are recorded when money is received or paid

The accrual method is only used by small businesses

The cash method provides a more accurate view of the financial situation

Both methods record revenues and expenses at the same time

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of an asset in accounting?

Wages payable

Debt to suppliers

Accounts receivable

Bank loans

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the fundamental equation of accounting?

Assets = Liabilities + Equity

Liabilities = Assets - Expenses

Income = Expenses + Liabilities

Assets = Capital - Debts

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the cash accounting method, when is a payment to a supplier recorded?

When the invoice is received

When the money is paid

When the supplier delivers the product

When the order is recorded

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