WorksheetsACC030 Lesson 1 - Introduction to Accounting
Total questions: 20
Worksheet time: 10mins
Who is the father of accounting?
Al Khawarizmy
Leonardo da Vinci
Al Marjanery
Fra Luca Pacioli
What is the system introduced by by Luca Pacioli?
Accounting
Bookkeeping
Double Enter
Double Entry
Bookkeeping differs from accounting. Which part of the accounting process is primarily involved in bookkeeping?
Recording
Measurement
Communication
Analyzing
Bookkeeping is mainly concerned with .............
Interpreting the data for internal and external users
Designing the systems in recording, classifying, and summarizing the recorded data
Recording of financial data
None of the above
………………… is the process of identifying, recording and classifying, summarizing, analyzing and interpreting business transaction.
Transaction
Bookkeeping
Financing
Accounting
The preparation of financial statement is done in the bookkeeping process.
TRUE
FALSE
The process of identify, classify, recording and communicating business transaction is called as book-keeping.
TRUE
FALSE
Bookkeeping differs from accounting in which part of process ?
Classifying
Interpreting
Classifying
Summarizing
Decisions can be made on the basis of accounting records.
TRUE
FALSE
The type or branch of accounting that generates reports for the use of external parties such as creditors, investors and government agencies is known as:
Forensic Accounting
Managerial Accounting
Financial Accounting
Tax Accounting
Which one of the following is not an external user of accounting information?
Investor
Manager
Creditor
Consumer
What is the function of financial report to management in any organization?
To supervise their workers
To make decision for company
To enable business ongoing basis
To acquire additional capital
Which accounting tools are correct? (you can tick more than 1 answer)
Comprehensive Income Statement
Journal
Balance Sheet
Statement of Profit or Loss
Ledger
Accounting graduates can works as .................
Tax Officers
External Auditors
Lawyers
Accountants
Give 2 examples of accounting information internal users.
Give 2 examples of accounting information external users
Data from business documents are arranged and categorized. This is best to describe :
classifying
summarizing
recording
interpreting
Which of the following is the internal user of accounting information ?
Suppliers
Government
Labor Union
Finance department
A(n) _________ has at least two owners.
Sole Proprietorship
Partnership
Limited company
Which of the following are correct answers? (may tick more than 1 answer)
Sole proprietorship - Don & Din Mediclinic
Public Limited Company - Janson Sdn Bhd
Private Limited Company - Megah Berslin Sdn Bhd
Partnership - Perusahaan Jamil & Anak-anak
Sole proprietorship - Budu Sedap Enterprise
