Basic Accounting - Theories

Basic Accounting - Theories

12th Grade

13 Qs

quiz-placeholder

Similar activities

Accounting Standards, Regulations and Ethics

Accounting Standards, Regulations and Ethics

10th - 12th Grade

10 Qs

2025 Open House Emoji Decoder

2025 Open House Emoji Decoder

9th - 12th Grade

10 Qs

Fundamentals of ABM 1 Quiz 1 (Sir Kevin)

Fundamentals of ABM 1 Quiz 1 (Sir Kevin)

12th Grade

13 Qs

POBF Strictly Business 5.03B

POBF Strictly Business 5.03B

9th - 12th Grade

15 Qs

Accounting Chapter 1 Vocab Review

Accounting Chapter 1 Vocab Review

10th - 12th Grade

13 Qs

FABM 2

FABM 2

12th Grade

10 Qs

Basic Accounting Principles (icev)

Basic Accounting Principles (icev)

9th - 12th Grade

10 Qs

Managerial Accounting vs Financial Accounting

Managerial Accounting vs Financial Accounting

12th Grade

15 Qs

Basic Accounting - Theories

Basic Accounting - Theories

Assessment

Quiz

Business

12th Grade

Medium

Created by

Hannah Lucillo

Used 45+ times

FREE Resource

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Accounting is a system that allows businesses to trace its financial activities and _______ results.

classify

evaluate

summarize

identify

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

According to American Accounting

Association (AAA), accounting is a A service activity. Its function is to provide quantitative information, primarily financial in nature, about economic entities, that us intended to be useful in making economic decision.

True

False

3.

FILL IN THE BLANK QUESTION

20 sec • 1 pt

He became a prominent person in accounting history due to writing a book that introduced and disseminated the double-entry bookkeeping.

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Accounting is as old as civilization and has evolved in response to economic and social needs of men.

True

False

5.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

What does the acronym - C P A mean?

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this branch of public accounting, the accountant is expected to be knowledgeable about revenue regulations. He or she also represents the client in any tax-related case filed by the Bureau of Internal Revenue (BIR).

Financial Accounting

Cost Accounting

Management and Advisory Services

Tax Preparation and Planning Service

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

External auditing is performed by someone ________ the business.

inside

outside

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?