The following statement is related with the purpose of financial information to the user, EXCEPT:
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POP QUIZ
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Financial Education
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Hard
norliza (BG)
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18 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
evaluate financial performance of the business
measure the financial position of the business
for a good record keeping and filling system
to conduct fraud in the company
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT an accounting process?
recording
communicating
journalising
assessment
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT an internal users of an accounting information?
owner
manager
supervisor
trading partner
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which form of business organization is characterized by limited liability?
company
partnership
sole trader
professional partnership
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The communicating process in accounting is ____________
recording the business transactions
helping the owner to set up a business target
classifying and summarizing the data into useable form
publish and deliver the result of business's financial performance to the users
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements about users of accounting information is INCORRECT?
investors are considered as external users
investors are considered as external users
potential shareholders are considered as external users
government are considered as internal users
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a characteristic of partnership business?
compulsory to prepare books and accounts
owned by minimum of TWO (2) partner
registered with Business Registration Act 1957
unlimited liability
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