Accounting Quiz
Master Your Accounting Knowledge
Test your accounting skills with our engaging quiz designed for students, professionals, and enthusiasts! Dive into a variety of topics, from financial reporting to the fundamentals of accounting. Are you ready to challenge yourself and expand your understanding of this essential field?
- 10 thought-provoking questions
- Instant feedback and scoring
- Enhance your learning experience
It is a service activity. Its function is to provide quantitative information, primarily financial in nature.
Bookkeeping
Accounting
Recording
Kidnapping
Summarizing
What is the law regulating the practice of accountancy in the Philippines?
RA 9294
RA 9295
RA 9296
RA 9297
RA 9298
What are the three main areas in the practice of the accountancy profession?
Auditing, Tax and Management Advisory Services
Accounting, Bookkeeping and Reporting
Public Accounting, Private Accounting and Government Accounting
Auditing, Tax and Academe
Recording, Classifying and Summarizing
Financial accounting emphasizes reporting to
Internal Bodies
Regulatory Bodies
Management
Creditors and investors
Employees
Three Kinds of services rendered by a public accountant
Auditing, Taxation and Management Advisory Services
Accounting, Bookkeeping and Reporting
Public Accounting, Private Accounting and Government Accounting
Auditing, Tax and Academe
Recording, Classifying and Summarizing
The following are functions of accounting, except.
Measuring
Identifying
Communicating
Bookkeeping
Recording
Debit means increase, Credit means decrease.
True
False
Sometimes True
Sometimes False
HAKDOG
It is the ability of the company to pay its short-term obligations
Liquidity
Solvency
Financial Structure
Credit Worthiness
5-6
Father of Accounting
Conrado T. Valix
Luca Pacioli
Ananias Charles Littleton
Hammurabi
Conrado Valix, Jr.
The property of the business
Expenses
Assets
Income
Equity
Liabilities
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