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WorksheetsAccounting
Total questions: 7
Worksheet time: 4mins
The term 'accounting' refers to the
use information in making business decisions
use of special ways of recording business information.
is the process of recording, summarizing, reporting and analyzing of financial data.
is the process of recording, summarizing, reporting and analyzing of accounts in special books
________ is considered to be the “The teacher of Fundamental Accounting"
Luca Pacioli
Julius Caesar
Donovan Salmon
Kevin Systrom
The birthplace of modern-day accounting is Venice. In the Medieval Ages, Venice was a center of trade and commercial activity. Merchants had giant businesses and they were struggling to run these corporations efficiently.
True
False
accounting is as old as financial transactions themselves. As soon as credit was invented, humans began to use accounting to simplify their lives?
True
False
Which of the following is not a function of accounting?
Measurement
Profitability
Forecast
Compare and Evaluate
_________ is the consider to be the Father of Accounting
Kevin Systrom
Luca Pacioli
Donovan Salmon
Julius Caesar
Objective of Accounting include
(I)Compare and Evaluate and Information System
(II) Decision Making and Forecasting
(III) Ascertain the Profitability and Information System
(IV) Ascertaining the Financial Position and Information System
I and II
II and IV
III and IV
I and IV
None of the above
