Accounting and Accountants

Accounting is the language of business.

• True

• False

A future accountant must be good in analysis only. Computation is not important.

• True

• False

Almost all fields in the society make use of the accounting process.

• True

• False

Recording is the first activity in accounting.

• True

• False

In accounting computation, one should check carefully his computed results before reporting it.

• True

• False

Bookkeeping and accounting involves money only. Business decision is not included.

• True

• False

A future accountant must pass the Board Examination of Accountants.

• True

• False

CPA stands for Certified Public Accountant.

• True

• False

One of the uses of accounting is to help management in arriving at good business decisions.

• True

• False

All businessmen know how to apply the accounting process in their businesses.

• True

• False