ACCOUNTING IN ACTION PART 2

ACCOUNTING IN ACTION PART 2

10th Grade

50 Qs

quiz-placeholder

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ACCOUNTING IN ACTION PART 2

ACCOUNTING IN ACTION PART 2

Assessment

Quiz

Other

10th Grade

Practice Problem

Medium

Created by

NORMAN SAMERA

Used 6+ times

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50 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Which of the following techniques are NOT used by accountants to interpret and report

financial information?

a. Graphs

b. Special memos for each class of external users

c. Charts

d. Ratios

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Which of the following would NOT be considered an internal user of accounting data for the

XYZ Company?

a. President of the company

b. Production manager

c. Merchandise inventory clerk

d. President of the employees' labor union

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Which of the following would NOT be considered an external user of accounting data for the

XYZ Company?

a. Internal Revenue Service Agent

b. Management

c. Creditors

d. Customers

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Which of the following would NOT be considered internal users of accounting data for a

company?

a. The president of a company

b. The controller of a company

c. Creditors of a company

d. Salesmen of the company

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Bookkeeping differs from accounting in that bookkeeping primarily involves which part of

the accounting process?

a. Identification

b. Communication

c. Recording

d. Analysis

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

All of the following are services offered by PUBLIC accountants, EXCEPT:

a. budgeting.

b. auditing.

c. tax planning.

d. consulting.

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Which list below BEST describes the major services performed by PUBLIC accountants?

a. Bookkeeping, mergers, budgets

b. Employee training, auditing, bookkeeping

c. Auditing, taxation, management consulting

d. Cost accounting, production scheduling, recruiting

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