WorksheetsAccounting Information Quiz
Total questions: 10
Worksheet time: 5mins
Who is an internal user of accounting information?
Bank
Manager
Investor
Government
Which of these is a decision an investor might make?
Hire more staff
Grant a loan
Buy shares in the company
Assess taxes
What does 'financial information' primarily describe?
Employee names and addresses
Marketing strategies and campaigns
Money, resources, and performance of a business
Product designs and features
A bank evaluating a business for a loan is an example of which type of user?
Internal User
External User
Owner
Employee
Which of the following is a decision an employee might make based on accounting information?
How much tax to collect from the business.
Whether to extend credit to the business.
If their job is secure or if they should ask for a raise.
To buy more products from the business.
The Bureau of Internal Revenue (BIR) uses accounting information primarily to:
Decide on product pricing.
Assess the correct amount of taxes.
Determine employee salaries.
Invest in the company.
What is an example of an asset in financial information?
A bank loan
Money owed to suppliers
Cash in the bank
Sales revenue
What is the primary purpose of financial statements?
To list employee benefits.
To outline product specifications.
To report the financial performance and position of a business.
To provide a summary of marketing efforts.
Which of the following is considered a liability in financial information?
Accounts payable
Investments
Cash reserves
Inventory
What type of user would a government agency be when analyzing a company's financial information?
Supplier
Shareholder
External User
Internal User
