True or False Accounting Test Paper on ACCOUNTING CONCEPTS & DOUBLE ENTRY SYSTEM

Append below some questions to test the knowledge of those who have just studied topic on accounting concepts and double entry system:

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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 FALSE

Continue reading about Answers To Accounting Test Questions No 1 & 2 On Accounting Process and Accounting Principles

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 of economic events.
 
 
2.    Which of the following [...]

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