accounting basics

accounting basics

University

11 Qs

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accounting basics

accounting basics

Assessment

Quiz

Financial Education

University

Practice Problem

Easy

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Sampaguita D.

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11 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Is an information system that identifies, records and communicates the economic events of an organization to interested users (internal and external users).

2.

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1 min • 1 pt

the economic events relevant to its business.

3.

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1 min • 1 pt

1)     consists of keeping a systematic, chronological diary of events, measured in dollars and cents. Also called Bookkeeping. Also includes classifying and summarizing the economic events. (Record, classify and summarize.)

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

  the collected information to interested users by means of accounting reports (financial statements).

(?????) includes prepare accounting reports, and analyze and interpret reported information for users.

5.

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1 min • 1 pt

FASB meaning?

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

GAAP meaning?

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

IASB meaning?

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