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Worksheets

Purpose of and Accounting Categories

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Burger Hut is trying to decide if it can receive money from the government for providing employees with insurance.

a)

Financial Accounting

b)

Management Accounting

c)

Tax Accounting

2.

Floral Avenue is trying to determine if it has enough cash on hand for a down payment on a new van.

a)

Financial Accounting

b)

Management Accounting

c)

Tax Accounting

3.

Roof Co. installed solar panels after reading about a grant provided by the United States Govt. Environmental Protection Agency.

a)

Financial Accounting

b)

Management Accounting

c)

Tax Accounting

4.

Andrews Financial Co. provided Yang Enterprises with a $10,000 loan. Andrews Financial Co. is requesting information about the outstanding loans and assets of Yang Enterprises.

a)

Financial Accounting

b)

Management Accounting

c)

Tax Accounting

5.

All expenses for Daniel Hardware for the month of June need to be compiled and recorded. The chief financial officer needs to determine if the company has exceeded its budget.

a)

Financial Accounting

b)

Management Accounting

c)

Tax Accounting

6.

Media Van Lines is collecting information about how many military veterans it currently employs. The government requires the company to hire at least 25.

a)

Financial Accounting

b)

Management Accounting

c)

Tax Accounting

7.

John needs to develop a report for his boss the president of Lawyer Group which details the financial goals for 2016 for the business.

a)

Financial Accounting

b)

Management Accounting

c)

Tax Accounting

8.

Drive Me Inc. is preparing to disclose publicly the amount of money it has made from issuing stocks.

a)

Financial Accounting

b)

Management Accounting

c)

Tax Accounting

9.

Andrew is searching through company financial transactions to prove to his department the new product led to an increase in sales.

a)

Financial Accounting

b)

Management Accounting

c)

Tax Accounting

10.

Computers Incorporated is developing a profit-and-loss statement for its investors.

a)

Financial Accounting

b)

Management Accounting

c)

Tax Accounting