
ACCOUNTING IN ACTION PART 2
Authored by NORMAN SAMERA
Other
10th Grade
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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