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GAME 1 - FACETS OF ACCOUNTING

Total questions: 10

Worksheet time: 3mins

Name
Class
Date
1.

A business with single owner.

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

d)

Cooperative

2.

Accounting as an art

a)

It is a process

b)

It involves graphs

c)

It utilizes drawing

d)

It executes professional judgment

3.

Part of the accounting process that analyzes whether a transaction is accountable or not

a)

Recording

b)

Summarizing

c)

Identifying and Analyzing

d)

Interpreting

4.

Full Name of Your Accounting Teacher

a)

Mila D. Gamboa

b)

Milagros De Jesus

c)

Milagros Deocares Garino

d)

Milagros Deocares Gamboa

5.

Accounting is the language of business, not English.

a)

False

b)

True

c)

Maybe

d)

Somewhat

6.

Accounting is a science because

a)

It involves process

b)

It involves judgment

c)

It involves opinion

d)

It involves product

7.

How many pages are there in the Module 1?

a)

8

b)

7

c)

9

d)

10

8.

Odd one out: All are processes involved in accounting except:

a)

Identifying and Analyzing

b)

Recording

c)

Summarizing

d)

Interpretative

9.

User of information concerned with the welfare of the business

a)

Internal

b)

External

10.

User of information concerned with the welfare of the self

a)

Internal

b)

External