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Accounting Industry

Authored by Mikel Collins

Business

9th - 12th Grade

Used 5+ times

Accounting Industry
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

process of retrieving, recording, storing and summarizing financial transactions for a business

profit

accounting

creditor

bookeeping

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

process of recording daily business transactions; only one part of the accounting process

bookkeeping

loss

accounting

management accounting

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

maintaining accounting records by hand

financial reporting

tax accounting

manual accounting system

stakeholder

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

maintaining accounting records with the help of computer software

computer accounting system

cost principle

social cost

matching principle

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

person who has an interest in a company

social responsibility

accountants

bookkeeping

stakeholder

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

amount earned is greater than the amount spent

cost principle

profit

creditor

loss

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

amount earned is less than amount spent; a loss occurs when there is no profit

loss

creditor

profit

shareholder

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