
Introduction to Accounting
Authored by Ronnel Salgado
Financial Education
11th Grade
Used 3+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accounting aims to communicate financial information to investors only.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accounting deals with quantifiable information.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is the last step of accounting as a process of information?
Accountancy refers to the art of classifying the recorded transactions under their respective accounts
Preparation of financial statement
Interpret financial data
All of the choices
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The earliest accounting was founded by?
Egyptian
Eastern
Roman
Greek
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the following are functions of Accounting, except:
shorting
summarizing
recording
interpreting
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not true?
Accounting is a communication tool that is useful to both internal and external decision-makers.
Accounting is useful only to profit-oriented organizations.
Accounting is the language of business.
Accounting is not an exact science.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is the last step of accounting as a process of information?
Communication of infromation
Recording the transaction
Analysis and interpretation of information
Preparation of financial statement
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