It is described as putting an amount on the accountable events.
FABM1 Summative Test

Quiz
•
Mathematics
•
11th Grade
•
Hard
Analyn Arenque
Used 4+ times
FREE Resource
50 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identifying
Recording
Measuring
Communicating
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The five major accounts are ASSETS, ________, ________, ________, and________.
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
It refers to the cost of earning income.
Asset
Liability
Equity
Expense
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is an inflow of wealth of the business from dealings with clients or customers.
Asset
Liability
Equity
Income
5.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
It refers to the list of all accounts with their respective debit and credit
balances.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the choices below best describes statements 1 and 2?
Statement 1: Accounting is both and an art and discipline.
Statement 2: Accounting is a systematized body of knowledge that evolved with the development of trade and business.
Only statement 1 is correct.
Only statement 2 is correct.
Both statements are correct.
Both statements are not correct.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements describes accounting as an information system?
Accounting performs specific tasks of collecting, identifying, measuring, and communicating financial information.
Accounting is used to identify and measure economic activities.
Accounting involves acquiring a specialized formal education.
Create a free account and access millions of resources
Similar Resources on Quizizz
50 questions
Financial Math - Fall Semester Exam

Quiz
•
9th - 12th Grade
53 questions
Algebra 2 Honors Vocabulary: Part 3

Quiz
•
9th - 12th Grade
45 questions
Personal Finances Vocab Quiz

Quiz
•
9th - 12th Grade
55 questions
FABM SUCKS

Quiz
•
11th Grade
45 questions
Business Math- Final Exam

Quiz
•
9th - 12th Grade
49 questions
Business Math 3rd Quizziz

Quiz
•
11th Grade
45 questions
ACT Group Practice 2025

Quiz
•
11th Grade - University
45 questions
Algebra 1 Practice EOC

Quiz
•
9th - 12th Grade
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
20 questions
Math Review - Grade 6

Quiz
•
6th Grade
20 questions
math review

Quiz
•
4th Grade
5 questions
capitalization in sentences

Quiz
•
5th - 8th Grade
10 questions
Juneteenth History and Significance

Interactive video
•
5th - 8th Grade
15 questions
Adding and Subtracting Fractions

Quiz
•
5th Grade
10 questions
R2H Day One Internship Expectation Review Guidelines

Quiz
•
Professional Development
12 questions
Dividing Fractions

Quiz
•
6th Grade