UACS WEEKLYACCOUNTING QUIZ

1) Lyla is an employee of Nathan’s Catering. Nathan paid Lyla RM1,900 of salary. What is the journal entry of this transaction?

• Dr Salaries expense RM1,900

  Cr Bank RM1,900

• Dr Bank RM1,900

  Cr Salaries expense RM1,900

• Dr Salaries expense RM1,900

  Cr Account payable RM1,900

Liability accounts will normally have

• Debit balances

• Credit balances

Partner relationship management involves working closely with customers in other company departments and outside the company to jointly bring greater value to customers.

• True

• False

Logo is...

• an advertisement that shown on TV or social media

• a mark, sign, or word that represent an idea into a story

• a symbol made up of text and images that identifies a business

• a group of colored points on a flat surface that shown effect colors

Below are the characteristics of employees that provide the competitive edge EXCEPT.

• Right people to become more competitive on a global basis.

  Right people to apply new information technology for e-business.

  Right people to find the lowest cost for the raw materials.

  Right people to improve quality, innovation, and customer service.

• Right people to apply new information technology for e-business.

• Right people to find the lowest cost for the raw materials.

• Right people to improve quality, innovation, and customer service.

Accrual Basis will show

• only cash inflow and outflow

• only assets and liabilities

• only revenues and expenses

• all assets, liabilities, revenues and assets

Which of these is NOT an example of process innovation?

• On-line retailing

• Tooth-whitening chewing gum

• Total quality management

• Improved surgical techniques

Marketing management is the art and science of choosing target markets and building profitable relationships with them.

• True

• False

Moore´s idea diffusion curve is made up of

• Innovators, Early Majority, Adopters, Laggards

• Innovators, Early Majority, Adopters, Laggards

• Innovators, Early & Late Majority, Adopters, Laggards

• Innovators, Early Adopters, Early & Late Majority, Laggards

Payment made until January next year. This statement best describe

• Cash Basis

• Modified Cash Basis

• Accrual Basis