Introduction to Accounting

Introduction to Accounting

Fill in the Blanks

What is the name of the functional area responsible for Principles of Accounting?

Multiple Choice

Accounting is important to every business......

• True

• False

Fill in the Blanks

What is the name of the rule/system that governs the Principles of Accounting?

Multiple Choice

In accounting, each transaction carries how many entries......

• One

• Two

• Three

• Four

Fill in the Blanks

What a business OWNS is referred to as

Fill in the Blanks

What a business OWES is referred to as