NEW
Font size
WorksheetsGrade 8 Power Up Review
Total questions: 10
Worksheet time: 5mins
Accounting starts when bookkeeping ends.
True
False
Cash is an example of expenses.
True
False
The business entity principle states that the owner of the business can spend its income for personal use.
True
False
The management can make decisions from bookkeeping
True
False
Accountants can also enter the teaching profession.
True
False
Accounting involves all of the following process EXCEPT
communicating
identifying
recording
summarizing
Nate is an accountant for Department for Foreign Affairs. This field in accounting profession is called ________________ accounting.
educational
government
private
public
Which is an example of a hybrid business?
Skechers
Car wash
Jollibee
Spa and Salon
It is an unique image that represents the business.
Advertisments
Business Logo
Mission Statement
SMART Objectives
What is the main difference between an invoice and receipt respectively?
Service; Goods
Handwritten; Printed
Accountable; Non-accountable
There is none.
