Accounting quiz

The word in accounting that have 3 consecutive doble letter is........................and it ends by R

... a big group of people working in this company

• There

• There is

• There are

2. FASB stands for...

• a) Generally Accepted Accounting Principle

• b) Financial Accounting Standards Board

10. In IFRS, extraordinary items are ncluded with other items on the income statement.

• a) TRUE

• b) FALSE

6.     In GAAP current and non-current assets and liabilities are separated.

• a) TRUE

• b) FALSE

......... any strategies to

generate new sources of financing?

• Are there

• Is there

• There aren't

Displays data or information to the user

Suppliers who are owed money for purchases not yet paid for.

• credit

• creditors

• debit

• debtors

An amount entered on the right-hand side of an account, recording money paid out

• credit

• creditor

• debit

• debtor

Which of the following sentences is wrong?

• Mega-Office Supply offers free delivery to the town

• Mr. Wenton's ideas are very realistic

• Computer, printer and fax machine take longer to arrive