TPA Quiz

TPA Quiz

University

13 Qs

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TPA Quiz

TPA Quiz

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University

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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is pre-requisite for the emergence of systematic bookkeeping.

Debit

Trading

Commerce

Merchant

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the Sobart's argument, the main reason for strong emergence capatilasm is accounting?

True

FALSE

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The need of accounting rises due to changes of economic activities from hunting and gathering to?

Investing

Agriculture

Aquaculture

Trading

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In 18th century, several treatment of fixed assets was introduce, which of the following is INCORRECT.

Asset is carried forward at original cost

Asset account is closed at opening date

Asset is revalued, upward or downward.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Periodic financial statements was introduce in mid-17th century. This gives benefits for?

Calculation of expenses and profit

Comparison of business performance

Rationalize impersonal abstract account

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following are NOT contributing factor for emergence of systematic bookkeeping

The perpetual system

Invention of writing

Inexpensive writing materials

Standard medium of exchange

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Usage of three books of accounts was introduced by Luca Pacioli, what is the source of books of accounts

memorandum, notes and ledger

Journal, ledger and T-account

ledger, memo and journal

notes, memorandum and journal

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