Introduction to Accounting Quiz

The external users are those who plan, organize and operate the business.

• TRUE

• FALSE

Management is a primary internal user of accounting information.

• TRUE

• FALSE

Customers are not external users of accounts.

• TRUE

• FALSE

In Mesopotamia, record-keeping was done through 'Clay Triangle Drawing' as evidence of recording transactions.

• TRUE

• FALSE

Accounting is a process.

• TRUE

• FALSE

Accounting is NOT an information system.

• TRUE

• FALSE

Accounting is NOT the language of business.

• TRUE

• FALSE

Identify whether the given is a process or nature of accounting.

Accounting is a service activity.

• Process of Accounting

• Nature of Accounting

Identify whether the given is a process or nature of accounting.

Identifying the economic events.

• Process of Accounting

• Nature of Accounting

Identify whether the given is a process or nature of accounting.

Accounting is both an art and a discipline.

• Process of Accounting

• Nature of Accounting