Accounting Quiz Part 1
Authored by Marvin Tiempo
Social Studies
12th Grade
Used 2+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is accounting?
A system that helps business tracks events that affect them
The language of business
Art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events.
All of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify if the transaction is an economic event
Sale of Toyota Cars
Economic Event
Not
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify if the transaction is an economic event.
Hiring of new employee with a monthly salary of P25,000.00
Economic Event
Not
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify if the transaction is an economic event.
Paying a bill using a credit card
Economic Event
Not
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify if the transaction is an economic event.
A bill was forwarded by the Davao Light & Power Company
Economic Event
Not
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify if the transaction is an economic event.
A client provided a promissory notes for their payables.
Economic Event
Not
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify if the transaction is an economic event.
Delivery of raw materials.
Economic Event
Not
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