Accounting Test Practice - Grade 10
Authored by Saktien Adelina
Other
10th Grade
Used 61+ times
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61 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business owned by two or more people who share profits and responsibilities is called …
Corporation
Cooperative
Partnership
Franchise
Sole Proprietorship
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The main advantage of a corporation is …
Unlimited liability
Limited liability
Difficult to raise capital
Easy to dissolve
Owned by one person
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The main goal of creditors is to …
Receive interest and repayment
Receive dividends
Control business operations
Supervise accounting
Manage the company
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
External stakeholders include …
Employees
Managers
Suppliers
Owners
Directors
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Internal stakeholders include …
Shareholders and suppliers
Managers and employees
Government and NGOs
Customers and creditors
Public and investors
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One benefit of using accounting software is …
More manual work
Real-time data processing
Higher error rates
Increased storage costs
Outdated reporting
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An example of accounting software is …
Excel
SAP
Photoshop
Word
Canva
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