U11_HNC_Construction Financial Mangament _CHAPTER2

U11_HNC_Construction Financial Mangament _CHAPTER2

12th Grade

18 Qs

quiz-placeholder

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U11_HNC_Construction Financial Mangament _CHAPTER2

U11_HNC_Construction Financial Mangament _CHAPTER2

Assessment

Quiz

Construction

12th Grade

Practice Problem

Hard

Created by

Navid Mehreganian

Used 1+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a function of construction accounting systems?

Preparing company financial statements

Ensuring timely payment of bills

Designing architectural plans

Collecting income and employment taxes data

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the third purpose of construction accounting systems?

To collect and report data for taxes

To design construction projects

To manage construction site safety

To hire construction workers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What ensures that timely payments are made only for bona fide expenses?

Construction project managers

The accounting system

Construction workers

Safety inspectors

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the unique characteristic of construction companies mentioned?

Their architectural designs

Their accounting systems

Their construction materials

Their employee uniforms

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should accounting procedures ensure?

Transactions fall through the cracks

Consistent handling of accounting

Randomized data entry

Inconsistent reporting

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should reports prepared by accounting software eliminate?

The need for manual report preparation

The need for data collection

The need for cost control

The need for employee training

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the account number for "Interest Expense"?

880

881

882

883

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