1 TEST TC Accounting Quiz

Book-keepers are people who prepare financial statements for a company.

• TRUE

• FALSE

Accountants are people who prepare financial statements.

• TRUE

• FALSE

Tax accounting is to help to calculate the management’s liability for tax.

• TRUE

• FALSE

Auditing is recording and summarizing the company’s transactions and reporting them in the form of financial statements.

• TRUE

• FALSE

Bookkeeping is writing down the details of the daily business transactions.

• TRUE

• FALSE

__________ is recording and summarizing the company’s transactions and reporting them in the form of financial statements.

• Bookkeeping

• Auditing

• Accounting

• Journalizing

What job is it for the saying “This month I’m examining the accounts of a large manufacturing company.”

• Book-keeper

• External auditor

• Internal auditor

• Financial accountant

_____________ is writing down the details of the daily business transactions.

• Bookkeeping

• Tax accounting

• Financing activity

• Depreciation

“I analyse the sales figures from different departments and make decisions about the future activities.” What job is it for that saying?

• Management accountant

• Independent auditor

• Financial accountant

• Book-keeper