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Accounting 1- Ch 1 Vocabulary

Total questions: 7

Worksheet time: 5mins

Name
Class
Date
1.

Operates to earn money for its owners.

a)

Stock broker

b)

Stock

c)

For-profit business

d)

Non-profit business

2.

An (a)   handles a broad range of responsibilities including making business decisions and preparing and interpreting financial reports.

3.

operates to support a cause or an interest

a)

Thrift market

b)

For-profit

c)

Non-profit

d)

Stock market

4.

A(n) (a)   is the review of a company's accounting records to confirm that they follow generally accepted accounting principles.

5.

To become a(n) _____, you must pass a national test and meet specified experience and education standards.

a)

accounting clerk

b)

payroll clerk

c)

certified public accountant

d)

firefighter

6.

A(n) ____ firm provides accounting services to clients such as individuals or businesses.

a)

public accounting

b)

manufacturing

c)

merchandising

d)

auditor

7.

A(n) _____ usually performs one or two accounting tasks; entry-level position.

a)

accounting clerk

b)

payroll clerk

c)

auditor

d)

CPA