FABM quizizz

FABM quizizz

11th Grade

54 Qs

quiz-placeholder

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FABM quizizz

FABM quizizz

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

Kale Cabael

Used 1+ times

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54 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of accounting?

To provide quantitative financial information to help make decisions

To communicate with internal and external users

To record and classify transactions

To maintain accounting records

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is responsible for developing and maintaining accounting records?

Bookkeeper

Manager

Auditor

Financial analyst

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the nature of accounting?

Manufacturing activity

Service activity

Construction activity

Retail activity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the function of auditing in accounting?

To communicate the financial health and performance of a company effectively

To ensure that the company meets all the legal requirements and regulations set forth by the government

To keep systematic records of the business's economic standing

To evaluate whether the information from a completed accounting process abides with established accounting standards

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During which era was the informal recording of money and trade-related information observed?

Industrial Revolution

Renaissance Era

Mesopotamian Era

Victorian Era

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is known as the father of accounting?

American Accounting Association

Queen Victoria

Hammurabi

Luca Pacioli

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the business entity concept in accounting?

Recognizing the business as a government entity

Recognizing the business as a subsidiary entity

Recognizing the business as part of a larger entity

Recognizing the business as a separate entity

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