Accounting Fundamentals - Self Assessment Test

Accounting Fundamentals - Self Assessment Test

53 Qs

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Accounting Fundamentals - Self Assessment Test

Accounting Fundamentals - Self Assessment Test

Assessment

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Created by

Sollyneth Sollyneth

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53 questions

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1.

OPEN ENDED QUESTION

30 sec • Ungraded

SECTION

Evaluate responses using AI:

OFF

2.

OPEN ENDED QUESTION

30 sec • Ungraded

LAST NAME

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OFF

3.

OPEN ENDED QUESTION

30 sec • Ungraded

FIRST NAME

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OFF

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business which prepares financial statements monthly is following what concept?

a. Accounting Entity
b. Periodicity
c. Going Concern
d. Objectivity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is the Father of Modern Accounting?

Leonardo da Vinci
Fra Luca Pacioli
Aristotle
Ernest Rutherford

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a trading business?

a clinic
a law firm
a pharmacy
a telecommunications company

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mario buys clothes from Taytay Market and resells them. What is the nature of his business?

Trading
Bipolar
Bilateral
Manufacturing

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