1ST 2T

1ST 2T

University

14 Qs

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1ST 2T

1ST 2T

Assessment

Quiz

Business

University

Practice Problem

Easy

Created by

Celina Pincay

Used 10+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

TAXES are used to...

increase the public spending on education, health, the environment, and culture, among others.

finance the public spending on education, health, the environment, and culture, among others.

avoid the public spending on education, health, the environment, and culture, among others.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Concept of Accounting

Theory developed by Luca Paccioli in 1494.

Document that shows what the company owns.

Science that presents the information of the business.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where does the Accounting present the financial information of a business?

Through financial statements.

In the company's website.

Through invoices.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2 types of financial stament:

Balance Sheet and Profit and Loss

Profit and Loss and Cash Flow Statement

Balance Sheet and Retained Earnings Document

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Who is the father of the Modern Accounting?

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is the father of the modern accounting?

Luca Pacioli
Leonardo da Vinci
Nicolaus Copernicus

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is Luca Pacioli the father of modern accounting?

He developed the abacus.

He developed the theory of double-entry.

He invented the concept of debit and credit.

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