Introduction to Accounting Quiz

Introduction to Accounting Quiz

University

7 Qs

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Introduction to Accounting Quiz

Introduction to Accounting Quiz

Assessment

Quiz

Other

University

Practice Problem

Easy

Created by

marina mdnasir

Used 1+ times

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7 questions

Show all answers

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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