Introduction to Accounting
Authored by Deepti Bist
Other
11th Grade
Used 44+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not an internal user of Financial Statements?
Board of Directors
Managers
Employees
None of them
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which one is not the advantage of accounting?
Facilitates Loan
Facilitates Sale of Business
Facilitates Qualitative information
Facilitates Comparative Study
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which is the important objective of accounting?
To keep systematic records of financial transactions.
To ascertain the net profit or loss of business.
To ascertain the financial position of a business.
All of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a characteristics of accounting?
Recording non-monetary transactions
Classifying
Analysis
Summarising
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one is the advantage of Accounting?
Accounting is not fully exact?
Replacement of Memory
Accounting does not record price level changes
Shows the present value of business
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not an internal user of financial statements?
Supplier
Managers
Employees
Proprietor
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not recorded in the books of Accounting?
Sales of goods
Payment of Salary
Quality of Staff
Purchase of Goods
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