WorksheetsTrắc nghiệm TATCKT
Total questions: 45
Worksheet time: 24mins
Which of the following groups may be considered to be stakeholders in the activities of a nuclear power station.
(i) The government
(ii) Environmental pressure groups
(iii) Employees
(iv) Local residents
(i), (iii), (iv)
(i), (ii), (iii), (iv)
(iii) only
(i) and (iii) only
All of the following are function of accounting, except
Decision making
Measurement
Forecasting
Ledger posting
Double entríe in accounting means there must be…….entries for every transaction
2
6
3
1
Which of the following would not be considered as internal users of accounting (A) data for a company?
External auditor
CEO of the company
President of the company
Salesman of the company
The process of identify, classify, recording, and communicating bz transaction is called as book-keeping
True
False
Users of A information include
Creditors
Lenders
Customers
All of the above
Book keeping is mainly concerned with
Recording of financial data
Designing the system in recording, classifying, and summarizing the recorded data
Interpreting the data for internal and external users
None of the above
Summary of assets and liabilities
Trading account
Balance sheet
Profit and loss account
Income and expenditure account
Planning, recording, analyzing and interpreting financial inf
Accounting
Ethics
Transaction
revenue
Which of the fl is NOT a bz transaction?
Bought furniture of 10000 for bz
Paid for salary of employees 5000
Paid son’s fee from her personal bank account 12000
Paid son’s fee from bz 12000
Which of the fl is the definition of A?
It is the process of classifying, recording, and summarizing the bz transaction in monetary units, interpreting…
It is the process of recording, classifying, and summarizing the bz transaction in monetary units, interpreting…
It is the process of classifying, recording, and summarizing the bz transaction interpreting the data in...
Accounting is referred to as the language of…..
Profit
Life
Accounting
Business
Single entry system is suitable for …..concerns
big
medium
small
cooperatives
Which of the fl is the example of internal users
government
employees
investors
creditors
Which of the fl is the most relevant A information for taxation authorities
Cash balance of the firm
Book value of the fixed assets
Credit sales of the year
Profit generated during the year
Single entry system is based on
Cash book and personal account
Cash book and real account
Cash book and nominal account
All the 3 accounts
The starting point of the accounting process is
Communicating information to users
Identifying economic events
Recording
None of these answers are correct
Which Financial Statement displays the revenues and expenses of a company?
Income statement
Cash flow statement
Balance sheet
Statement of stockholder’s equity
What is the main purpose of financial accounting?
Organize financial information
Provide useful , financial information to outsiders
Keep track of company expenses
Minimize company taxes
Which of these is not included as a separate item in the basic accounting equation ?
Assets
Liabilities
Revenues
Stockholders' equity
The account format that displays debits , credits , balances , and headings :
General Journal
General Ledger
T - account
Ledger account
Accounting provides information on :
Cost and income for managers
Company's tax liability for a particular year
Financial condition of an institution
All of the above
What statement ( s ) do external and internal users of accounting information rely on ?
Income statement
Statement of Retained Earnings
Balance sheet
Statement of Cash Flows
All answers are correct
Which of the following is / are an example ( s ) of external users of accounting information ?
Directors
Managers
Owners
Employees
Analysts
Djokovic is the Chief Information Officer for InfoTech Inc. Murray is the Chief Lending Officer at the Bank where InfoTech has a large bank loan . Which statement is true for both Djokovic and Murray , in connection with InfoTech ?
External users
Information Users
Internal Users
Suppliers
Investor
Who should prepare accounting information:
(a)
Who should be responsible for accounting information:
(a)
When Acc information is sent to OUTSIDERS: comply with GAAP,
INSIDER: doesn’t need comply with GAAP
True
False
True or False
a) Financial statements can be submitted to managers without interpretation on them .
b) Interpretation on the FS can be submitted to managers without FS .
c) Interpretation on FS is more important to users of accounting (số đông là outsiders) than FS .
d) Interpretation on FS is more important to Government users than FS .
e) Single - entry book - keeping doesn't show the debit or credit of each transaction
f) Single - entry book - keeping only shows the debit or credit of each transaction (show cả 2)
(a)
Jim set up a pizza shop right beside a school. What type of ownership is this?
partnership
sole pro…
cooperative
corporation
this is example of non-profit business
Midtown Ford
Thai Express
Sunova Credit Union
Canadian Cancer society
Any type of business that uses component parts or raw material to make finished goods
merchandising
manufacturing
Web-based
service
Big Frank works at a lumber yard in which creates 2 by 4s for home construction. What type of business does he work for?
manufacturing
non-profit
merchandising
service
Fast Eddie decided to create a store @KP selling firecrackers to teens. What type of business would this be?
web-based
service
merchandising
corporation
Noah’s cool aunt Angela gave him some money to invest into a publicly traded company in hopes he would strike it rich. Greedy Angela would then take all the money from him. Noah would have invested in what type of business? (mua cổ phần đã dc niêm yết trên sàn)
cooperative
sole proprietorship
corporation
non-profit
Mr. Maclean got really excited one day when he got his mail. In it he saw a cheque from Co-op giving him some money back. He got this back because Co-op is at:
web-based
corporation
partnership
cooperative (hợp tác xã)
Someone who owns their own business:
receives all of the profit
splits it with a partner
gives some of the profit to the shareholders
does not receive any profit
This type of business is pretty much like a human being
web-based
corporation
Franchise
cooperative
Slick wants to bring a well known shoe shining company to Springfield. What type of business ownership would this be?
Franchise (cty nhượng quyền)
non-profit
partnership
manufacturing
One cool cool and rainy Saturday, Clare Erin went on to Google Finance to check to see how her stocks were doing. The company she invested in is an example of:
a non-profit
sole proprietorship
a corporation
a partnership
Type of bz is owned by the Government:
a manufacturing business
a cooperative
a non-profit
Crown corporation (cty sở hữu bởi chính phủ Canada)
A non-profit dóes not make any money for its shareholders because
all the profit goes to the government
they don't make any money whatsoever and are money losing organizations
all money it receives goes directly to the organization
th shareholders do not own the franchise
This is an example of Crown Corporation
Manitoba Hydro
Canadian National Railway
Air Canada
Oakbank Insurance
Stan and Jimbo decided to go into business together selling VHS players. What type of business ownership is this?
Sole proprietorship
partnership
A cooperative between 2
a corporation
what is sole proprietorship
bz owned by president
bz owned by several companies
bz owned by one people
bz owned by a company
