Append below some questions to test the knowledge of those who have just studied topic on accounting concepts and double entry system: [click here for answer]
Answer to Accounting Test Question No. 1: 1-D ; 2-D; 3-B; 4-D; 5-A; 6-C; 7-A; 8-C; 9-B; 10- C 11-D; 12-B; 13-D; 14-A; 15- A. Answer to Accounting Test Question No.2: 1. FALSE; 2. TRUE; 3. FALSE; 4. FALSE; 5. FALSE; 6. FALSE; 7. TRUE 8. TRUE; 9. FALSE; 10.TRUE; 11.TRUE; 12. TRUE; 13 [...]
Accounting Test Question No 1:PLEASE INDICATE THE CORRECT ANSWER: 1. The accounting process involves all of the following EXCEPT: a. Analyzing and interpreting financial reports b. Communicating financial information to users by preparing financial reports c. Identifying economic transactions that are relevant to the business d. Recording non-transaction economic events. e. Recording transaction [...]
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