
Introduction to Accounting Quiz
Authored by marina mdnasir
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University
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7 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What is accounting concerned with?
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2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a sole proprietorship?
A business owned by one individual
A business owned by multiple individuals
A business entity with limited liability
A business that must end with 'Berhad'
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two types of limited companies?
Public and Private
Sole and Partnership
Limited and Unlimited
For-Profit and Non-Profit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of accounting information?
To know the financial status of the organisation
To mislead financial statements
To avoid tax payments
To increase expenses
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the stages of accounting?
Classifying, Recording, Summarising, Interpreting
Recording, Summarising, Interpreting, Analyzing
Summarising, Interpreting, Classifying, Reporting
Interpreting, Classifying, Recording, Reporting
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who are the external users of accounting information?
Payables/Bankers
Employees
Managers
Owners
7.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the accounting process?
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