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Fundamentals of ABM 1 Quiz 1 (Sir Kevin)

Authored by Kevin Joseph Sumba

Business

12th Grade

13 Questions

Used 126+ times

Fundamentals of ABM 1 Quiz 1 (Sir Kevin)
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1.

OPEN ENDED QUESTION

2 mins • Ungraded

Full Name

Grade and Section

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2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

This involves keeping a chronological diary of events that are measured in pesos. The diary referred to in the definition are the journals and ledgers which will be discussed in future chapters.

Recording

Accounting

Classifying

Identifying

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

This involves selecting economic events that are relevant to a particular business transaction. The economic events of an organization are referred to as transactions.

Identifying

Recording

Communicating

Classifying

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

All are nature of accounting except for one

Accounting is a service activity

Accounting is a process

Accounting deals with research data and business transactions

Accounting is both an art and a discipline

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Identify what branch of accounting renders this service.


Preparation of general-purpose financial statements

Cost Accounting

Financial Accounting

Accounting Education

Tax Accounting

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Identify what branch of accounting renders this service.


Report on the total cost of materials and labor used in the production

Cost Accounting

Financial Accounting

Accounting Education

Tax Accounting

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Identify what branch of accounting renders this service.


Conducting lectures on accounting topics.

Cost Accounting

Financial Accounting

Accounting Education

Tax Accounting

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