FABM
Authored by Excell Saavedra
Business
11th Grade
Used 2+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
22 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following correctly defines accounting?
Which of the following correctly defines accounting?
A. It is in-comprehensive process of recording business transaction
A. It is a process of analyzing only transactions to oversight business agencies.
A. It is a process involving one business function only to oversee tax collection entities.
A. It is the process of classifying, summarizing, recording and interpreting information that is useful in making economic decisions.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
1. Which of the following are the components of accounting?
1. Which of the following are the components of accounting?
A. Analyzing
B. Recording
C. Summarizing
D. All of the above
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What kind of reports provides the information captured by the accounting system?
What kind of reports provides the information captured by the accounting system?
A. Balance Sheet
B. Portfolio
C. Income Statement
D. Financial Statements
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
1. Which of the following is NOT an appropriate description of accounting?
1. Which of the following is NOT an appropriate description of accounting?
A. A. Accounting is a service activity.
B. A. Accounting is an information system.
C. Accounting is the language of business
D. A. Accounting is an exact science rather than an art.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
It is the branch of accounting that prepares tax returns and renders tax advice, such as determination of tax consequences of certain proposed business endeavours.
It is the branch of accounting that prepares tax returns and renders tax advice, such as determination of tax consequences of certain proposed business endeavours.
A. Financial Accounting
B. Management Accounting
C. Tax Accounting
D. Cost Accounting
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What type of accounting service Cost Accounting provides?
What type of accounting service Cost Accounting provides?
A. Analyses of costs of products and services
B. Preparation of general purpose financial statements
C. Preparation of tax returns and providing tax advice
D. Teaching of accounting and related subjects
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What type of accounting service Management Accounting provides?
What type of accounting service Management Accounting provides?
A. Analyses of costs of products and services
B. Preparation of specifically tailored management reports
C. Preparation of tax returns and providing tax advice
D. Teaching of accounting and related subjects
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
