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the accounting process involves in recording

• Quantifiable economic event

• Non quantifiable economic event

• All of them

• None of them

In accounting an Economic event is referred to as

• Cash

• Bank statement

• Transaction

• Exchange of money

Identify the correct sequence of accounting process

• Communicating => Recording => Identifying

• Recording => Communicating => Identifying

• Identifying => Communicating => Recording

• Identifying => Recording => Communicating

. Bookkeeping mainly concerns with which part of accounting process?

• . Analysing

• Preparing financial statements

• . Recording financial information

• Auditing the books of accounts

Financial accounting provides financial information to all of the following external users except

• Government agencies

• Investors

• Creditors

• Managers

For which step of accounting process the accountants of business entity prepare financial statement?

• Identification of economic event

• . Communication of financial information

• Recording financial information

• Making decisions about business

Keeping the log of financial information in books of original entries is called

• Recording

• . Summarizing

• Grouping

• Processing

Auditing is what?

• Reporting the financial information

• Examination of fianancial statements

• Preparation financial statements

• Maintaining the ledger records

Which of the following is the external user of financial statements?

• Manager of the business

• CEO of the business

• . Creditor of the business

• Controller of the business

Which of the following is the internal user of financial statements

• Creditor of the business

• Government agency

• Shareholder of the business

• Manager of the business