Accounting in Action

Accounting in Action

University

35 Qs

quiz-placeholder

Similar activities

Corporate Finance Mid Term Practice

Corporate Finance Mid Term Practice

University

37 Qs

CMCP Chapter 8: Financial Analysis

CMCP Chapter 8: Financial Analysis

University

30 Qs

BRP 1 - Fundamentals of Acctg

BRP 1 - Fundamentals of Acctg

University

34 Qs

Financial Management

Financial Management

University

30 Qs

ACP 6 MIDTERM

ACP 6 MIDTERM

University

30 Qs

acc 8

acc 8

University

31 Qs

CFAS Review

CFAS Review

University

39 Qs

S1. Basic definitions

S1. Basic definitions

University

36 Qs

Accounting in Action

Accounting in Action

Assessment

Quiz

Business

University

Hard

Created by

Ana Fitria

Used 10+ times

FREE Resource

35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The three steps in the accounting process are identification, recording, and communication

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Bookkeeping encompasses all steps in the accounting process.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accountants prepare, but do not interpret, financial reports.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The two most common types of external users are investors and company officers

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Managerial accounting activities focus on reports for internal users.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a step in the accounting process?

Identification

Economic entity

Recording

Communication

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

below are current assets, except

cash

supplies

equipment

account receivable

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?