ARFB113 - Topic 1
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Nik Najebah
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bookkeeping is different from accounting. Which part of the accounting process does bookkeeping primarily involve?
Identification
Measurement
Recording
Communication
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of financial reports in accounting?
To analyze market trends
To guide managerial decision-making
To communicate financial information to stakeholders
To determine employee salaries
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Nasi Lemak Pak Ali Enterprise
Poliklinik Hareny & Family
Cahaya Sdn. Bhd.
Anush Landscaping Bhd
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements is incorrect?
As a sole trader, the owner is not responsible for all the business’ liabilities when the
business goes bankrupt.
The minimum number of members of a partnership is two.
The liability of shareholders in limited company is limited to their investment in the
company.
None of the answer are correct
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main role of an accountant in a business?
Ensuring the business is making a profit
Preparing budgets and business plans
Minimising the amount of tax payable to the government
Recording, summarising and presenting financial information from source documents
that generated by business transactions
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