ACCOUNTING 101

ACCOUNTING 101

University

21 Qs

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ACCOUNTING 101

ACCOUNTING 101

Assessment

Quiz

Business

University

Practice Problem

Hard

Created by

CHRISTY SATOR

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

They are called the scorekeepers of a business

Accountants

Financers

Managers

Sellers

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is the study of the evolution in accounting thought, practices and institutions in response to changes in the environment and societal needs

History of financing

Timeline of accounting

Accounting History

Finance History

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

It is the clay bills that the tokens were sealed in to keep records

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

It requires merchant trading goods to give buyers a sealed memorandum containing the agreed price before it can be considered enforceable. The agreed-upon transaction was recorded by Scribe

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This business organization has a single owner called the proprietor who generally is also the manager.

Micro-Entrepreneurship

Sole Proprietorship

Partnership

Cooperative

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Are the methods an organization uses to obtain financial resources from financial markets and how it manages these resources.

Small enterprises

Investing Activities

Operating Activities

Financing Activities

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Managers use capital from financing activities to acquire other resources used in the transformation process-that is, to transform resources from one form to a different form, which is more valuable, to meet the needs of the people.

Operating activities

Financing activities

Investing activities

Efficient activities

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