FUNDAMENTALS OF ABM I - FIRST SUMMATIVE QUIZ
Authored by Karoll Frenz Romeo Papna-Jardeleza
Special Education, Specialty, Business
11th Grade - University
Used 25+ times
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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do you call the economic events of an organization?
Business
Transactions
Records
Journals
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is when a certain process follows certain standards and professional ethics.
Art
Nature
Philosophy
Discipline
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following nature of accounting tells us that accounting is considered as a storehouse of information.
Accounting as an art and discipline.
Accounting as an service activity.
Accounting as an information system
Accounting as a process
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What civilization used clay tablets to record commercial transactions?
China
India
Mesopotamia
Phoenician
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is the father of accounting?
Luca Pacioli
Luca Paciolo
Luca Paciola
Luca Paciole
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does GAAP mean?
Generally Accepted Accounting Principles
Generally Authoritative Accounting Principles
Generally Administrative Accounting Principles
Generally Amendable Accounting Principles
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If DPWH will liquidate their expenses in the farm road project in a certain barangay in General Santos City, what branch of accounting will process the liquidation?
Tax Accounting
Accounting Education
Financial Accounting
Government Accounting
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