BUSN 212 - CH2

BUSN 212 - CH2

University

18 Qs

quiz-placeholder

Similar activities

UAS Dinamika Kelompok

UAS Dinamika Kelompok

University

20 Qs

Manajemen Kredit

Manajemen Kredit

University

20 Qs

Seberapa BCA-nya Kamu?

Seberapa BCA-nya Kamu?

University

20 Qs

Taxation - Introduction to Tax

Taxation - Introduction to Tax

University

15 Qs

Time Value of Money

Time Value of Money

University

13 Qs

Ecosystem Services

Ecosystem Services

University

17 Qs

Issue Tracker

Issue Tracker

KG - University

20 Qs

Do You Really Know ME?

Do You Really Know ME?

5th Grade - University

13 Qs

BUSN 212 - CH2

BUSN 212 - CH2

Assessment

Quiz

Other

University

Practice Problem

Easy

Created by

Nada Almutairi

Used 2+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

18 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

select three measurement issues must be resolved before a business transaction is recorded

Principle of duality

Valuation issue

Recognition issue

ethical

Classification issue

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

sale is recognized when title passes to the buyer (recognition point)

Fasle

True

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Transactions should be recorded at their original cost (historical cost)

False

True

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Assets are valued at the initial fair value or cost unless there is evidence that the fair value has changed and an adjustment must be made.

False

True

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Transactions must NOT classified according to the appropriate categories or accounts.

False

True

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Recognition, valuation, and classification are important factors in ethical financial reporting

False

True

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Principle of duality is describe the nature of the double-entry system of accounting.

False

True

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?