
Basic Accounting
Authored by NURUL ATIQAH MOHD RAHIM
Other
University
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5 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
“___________need accounting information to determine the firm‘s ability to repay loans. It may help them to decide whether to approve the loan application applied by the business”. The word THEM refers to:
Employees
Manager
Investor
Financial Institution
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The following accounts are liabilities except
Bank overdraft
Give loan to Maya
Account Payables
Loan from a bank
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
One of the following is not a transaction.
A. Mr. John started business with cash of $100,000
Received a price list from suppliers
Received interest from Bank $5,000
Paid salaries $300
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The two most common specialized fields of accounting in practice are?
Environmental accounting and financial accounting
Managerial accounting and financial accounting
Managerial accounting and tax accounting
Financial accounting and accounting system
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Accounting is the language of _______.
Business
School
Proprietor
Management
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