Exercise 1-2
Authored by Rochelle Almodal
Other
10th - 11th Grade
Used 96+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
20 questions
Show all answers
1.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Accounting is a process of identifying, recording, and communicating economic information that is useful in making economic decisions.
TRUE
FALSE
2.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Only accountable events are recorded in the books of accounts.
TRUE
FALSE
3.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Accountable events are those that affects the assets, liabilities, equity, income and expenses of a business.
TRUE
FALSE
4.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Sociological and psychological matters are within the scope of accounting.
TRUE
FALSE
5.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
The basic purpose of accounting is to provide information that is useful in making economic decisions.
TRUE
FALSE
6.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Accounting is described as a practical art. This is because it is a body of knowledge which has been systematically gathered, classified and organized.
TRUE
FALSE
7.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Accounting is described as an information system. This is because it requires the sue of creative skills and judgment.
TRUE
FALSE
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
