
Accounting Quiz
Authored by Hồng Cẩm
English
12th Grade
Used 2+ times

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100 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
53.Which of the following is done internally by auditor?
Examining the management report and determine whether it conforms to the financial statements
Providing consulting services
Gathering evidence on the financial control systems and the figures in the financial statements
Bookkeeping
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
54. A(n) __________ examines a company's accounting information system to determine whether financial reports reliably represent its operations.
54. A(n) __________ examines a company's accounting information system to determine whether financial reports reliably represent its operations.
asset accounting
leverage
liability
audit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
57.______ is a direct tax on the earnings of individuals and corporations.
Income tax
Inheritance tax
Valued added tax
Sales tax
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
69.Because merchandising companies sell inventory, their income statements will have an additional expense item called _______.
Cost of Goods Sold
Cost of Goods Purchase
Expense of Goods Purchase
Expense of Goods Sold
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
17._______ prepare reports for both external and internal users.
Audits
Managers
Accountants
Clients
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
7.__________ are debts and obligations of a company.
Assets
Profit
Liabilities
Expenses
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5.___________ are the things that a company owns and can be sold to pay debts.
Liabilities
Profit
Assets
Capital
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