
Purpose of accounting
Quiz
•
Social Studies
•
9th - 12th Grade
•
Medium
Saba Darr
Used 10+ times
FREE Resource
11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is accounting?
Recording money coming in to a business
Recording money coming out of a business
Recording money coming in and out of a business
Recording a bank account
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What job can a person have in accounting?
Nurse
Teacher
Accountant
Chef
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A receipt is an example of how a business can record transactions
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is money coming IN to a business?
Income
Expenditure
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is money going OUT of a business?
Income
Expenditure
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is compliance?
When a business gives correct information about money coming in and out of a business
When a business does NOT give correct information about money coming in and out of a business
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens if a business does not give the correct financial information?
Pay a big fine
The accountant may go to jail
The business may close
All of the above
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