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WorksheetsRemedial Quiz on Accounting
Total questions: 21
Worksheet time: 16mins
The legal business structure that must be registered with the Department of Trade and Industry (DTI).
SOLE PROPRIETORSHIP
PARTNERSHIP
CORPORATION
COOPERATIVE
The regulatory body where partnerships and corporations must be registered.
SEC
BIR
DTI
NBI
The document required for the formation of a corporation, which outlines the basic structure and purpose of the business.
ARTICLE OF CORPORATION
ARTICLE OF INCORPORATION
ARTICLE OF PARTNERSHIP
ARTICLE OF SOLE PROPRIETORSHIP
The core value of accountants that requires them to be free from bias and distortions.
GOAL
OBJECTIVITY
TIME BOUNDED
HISTORY
The major branch of accounting that focuses on recording, preparing, and presenting financial statements for external users.
TAX ACCOUNTING
FISCAL ACCOUNTING
FRAUD ACCOUNTING
FINANCIAL ACCOUNTING
The type of auditing conducted by an independent party to assess a company's financial statements.
EXTERNAL ACCOUNTING
INTERNAL ACCOUNTING
The branch of accounting that ensures compliance with tax laws and minimizes tax liabilities legally.
TAX ACCOUNTING
FORENSIC ACCOUNTING
FISCAL ACCOUNTING
AUDITING
The field of accounting that involves investigating financial records for legal cases, often presented in court.
TAX ACCOUNTING
FUDICIARY ACCOUNTING
FORENSIC ACCOUNTING
The accounting service where a CPA provides financial guidance to nonprofit organizations or government agencies.
PRIVATE ACCOUNTING
PUBLIC ACCOUNTING
GOVERNMENT ACCOUNTING
The type of fiduciary accounting that involves the management of financial accounts of a deceased person's estate.
INHERITANCE ACCOUNTING
ESTATE ACCOUNTING
FIDUCIARY ACCOUNTING
The government agency responsible for registering a sole proprietorship in the Philippines.
DTI
BRI
SEC
Identify the branches of accounting concerned with recording, preparing and presenting business transactions in the form of financial statements.
(a)
Identify the branches of accounting that focuses on taxes rather than on financial statements.
(a)
Identify the branches of accounting that records and measures product cost only, not all of the cost (whether in production or specific job orders).
(a)
Identify the branches of accounting that improves and develops accounting curriculum for colleges and universities to prepare students for current and future challenges in the profession.
(a)
Identify the branches of accounting that involves evaluation and handling of accounts that are managed by an individual who has been entrusted with the guardianship and custody of business.
(a)
Identify the branches of accounting that involves the administration and management of funds by trustee (a bank or a trust company) for the benefit of individuals called beneficiaries.
(a)
Identify the branches of accounting that refers to the preparation and management of financial accounts by a person administering the properties of an individual who has passed away.
(a)
Identify the branches of accounting that involves the investigation and analysis of numbers, financial data, and records that are usually presented to a court.
(a)
Identify the branches of accounting that nonprofit org, churches the gov't receive funds that has specific conditions for compliance before they are fully released to the recipient entity.
(a)
Identify the branches of accounting that results of business operation, financial position, Cash flow, Change in equity.
(a)
