Accounting Fundamentals CH 1 Quiz

Accounting Fundamentals CH 1 Quiz

9th - 12th Grade

17 Qs

quiz-placeholder

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Accounting Fundamentals CH 1 Quiz

Accounting Fundamentals CH 1 Quiz

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Easy

Created by

Thomas Niksich

Used 23+ times

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17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What does GAAP stand for

Good Apples Are Perfect

Grandmas Are Always Punctual

General Accepted Accounting Principals

General Art Are Pleasant

2.

DROPDOWN QUESTION

1 min • 1 pt

​ (a)   is making contacts with people to share information and advice. (Business Related)

Networking
Friendship
TikTok
Dinner

3.

DROPDOWN QUESTION

1 min • 1 pt

A ​ (a)   handles a broad range of responsibilities, makes business decisions, and prepares and

interprets financial reports.

Accountant
Manager
Principal
Logistics Engineer

4.

DROPDOWN QUESTION

1 min • 1 pt

A ​ (a)   ​ business operates to

earn money for their owners.

For-Profit
Non-Profit
Charity
Football Team

5.

DROPDOWN QUESTION

1 min • 1 pt

An ​ (a)   is the review of a company’s accounting systems and financial statements to confirm that they follow

generally accepted accounting principles.

Audit
Record
Invasion
Checkup

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

CPA stands for

Certified Personal Accountant

Certified People Audit

Care Professional Animal

Careful Personal Accountant

7.

DROPDOWN QUESTION

1 min • 1 pt

​ ​ (a)   are the principles you live by and the beliefs that are important to

you.

Values
Skills
Personality
Network

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