
Accounting Quiz
Authored by 11 Anh Phạm Hà Quyên
Specialty
12th Grade
Used 1+ times

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accountants refer to an economic event as a
purchase.
sale.
transaction.
change in ownership.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The accounting process includes each of the following except
communication.
convergence.
identification.
recording.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Communication of economic events is the part of the accounting process that involves
identifying economic events.
quantifying transactions into dollars and cents.
preparing accounting reports.
recording and classifying information.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following events cannot be quantified into dollars and cents and recorded as an accounting transaction?
The appointment of a new accounting firm to perform an audit.
The purchase of a new computer.
The sale of store equipment.
Payment of income taxes.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Recording of economic events involves
keeping a systematic, chronological diary of events.
analyzing reported information.
explaining the meaning of reported data.
preparing accounting reports.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The accounting process involves all of the following except
identifying economic events that are relevant to the business.
communicating financial information to users by preparing financial reports.
recording nonquantifiable economic events.
analyzing and interpreting financial reports.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The accounting process is correctly sequenced as
identification, communication, recording.
recording, communication, identification.
identification, recording, communication.
communication, recording, identification.
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