FUNDAMENTALS OF ACCOUNTING

Accounting process includes...

• communicating

• identifying

• correcting

• recording

Two types of users of accounting information are

Which of the following is the example of internal user?

• Investors

• CEO

• Government

• Supplier

Bankers is the

• internal user

• external user

Which of the following is NOT the type of business organization covered in topic 1?

• company

• partnership

• sole proprietorship

• enterprise

Partnership consists of:

• Non professional partnership

• Professional partnership

• Private partnership

• Public partnership