
EMZ Introduction to Accounting
Authored by Castillo, G.
Other, Business, Mathematics
University
Used 10+ times

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10 questions
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1.
FILL IN THE BLANK QUESTION
3 mins • 1 pt
_________ is the art of _________, __________, ____________ in a significant manner and in terms of ____________, ____________ and _______ which are in part of at least financial character and ___________ the result of there of.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This involves keeping a chronological diary of events that are measured in pesos. The diary referred to in the definition are the journals and ledgers which will be discussed in future chapters.
RECORDING
SUMMARIZING
CLASSFYING
IDENTIFYING
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accounting that records, summarize, and communications to have a relevant, reliable, comparable to help users decide.
RECORDING
COMMUNICATING
INTERPRETING
CLASSIFYING
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
ALL TRANSACTIONS CAN BE RECORDED
TRUE
FALSE
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accounting is the process of RECORDING, CLASSIFYING and SUMMARIZING economic events of an organization for interested users.
TRUE
FALSE
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Resources that are owned and control
Ex. cash, property and investments
REVENUE
EXPENSES
ASSETS
LIABILITIES
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the following describe accounting, except
A service activity
An information system
An exact science rather that an an art
A universal language of business
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