
Introduction to Accounting Quiz
Authored by Bertlee Sunico
Other
11th Grade
Used 3+ times

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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does accounting help determine?
Profit or loss
Cost of goods
Marketing strategy
Inventory turnover
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accounting is mainly concerned with:
Biology
Chemistry
Financial information
Philosophy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a definition of accounting by AICPA?
The art of buying and selling
The art of recording, classifying, and summarizing financial transactions
The science of investing
The process of negotiation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who defined accounting as "identifying, measuring, and communicating economic information"?
PRC
American Accounting Association
BOA
DepEd
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accounting is referred to as a:
Cultural tool
Language of business
Marketing strategy
Law of finance
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accounting is both a ______ and an ______.
Game, art
Science, art
Law, language
History, rule
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accounting as a service activity means:
It serves food
It provides useful financial info
It offers free internet
It helps sell products
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