FABM 1
Quiz
•
Business
•
11th Grade
•
Practice Problem
•
Medium
Noel Manaog
Used 361+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The process of recording financial transactions pertaining to a business.
Accounting
Business
Mathematics
Economics
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This can also be referred to as book-keeping which is a process of recognizing the transactions and setting them up as records.
Recording
Summarizing
Reporting
Analyzing
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The accountants divide these raw data into several categories.
Recording
Summarizing
Reporting
Analyzing
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The owners must know about the various operations happening within the firm using their money. And this is done by this activity.
Recording
Summarizing
Reporting
Analyzing
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Checking for the positive and negative points and to draw conclusions.
Recording
Summarizing
Reporting
Analyzing
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
They use the financial information to know the trends and recent developments in the prosperity of the enterprise and the range of its activities.
Public
Tax Authorities
Suppliers
Employees
Creditors
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Determines the credibility of the tax returns filed on behalf of the company. They are interested to know if the business paid the correct amount of taxes.
Public
Tax Authorities
Suppliers
Employees
Creditors
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