FINANCES AND RECORDS MIDTERM EXAM
Authored by Jean Baccay
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20 questions
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1.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
1. Daily events and activities are so
numerous for the human mind to retain.
Where the significant events and activities
are needed to be compiled for future recall,
they must be (a) ?
2.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
What principle of record keeping that makes someone responsible for the records, delegate authority, and responsibility for the records?
(a)
3.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
WHAT PRINCIPLE OF RECORD KEEPING, IS ALL ABOUT MAINTAINING THE AUTHENTICITY AND RELIABILITY OF THE RECORDS IN QUESTION?
(a)
4.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
BOOK USED TO RECORD ALL TRANSACTIONS INVOLVING CASH?
(a)
5.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
BOOK USED TO RECORD CORRECTIONS OF ERRORS, ADJUSTING ENTRIES IN THE CASHBOOK AND CLOSING ENTRIES EVERY END OF ACCOUNTING PERIOD.
(a)
6.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
THE FORM OF RECORD USED FOR EACH INDIVIDUAL ITEM IS CALLED AN ACCOUNT, AND A GROUP OF RELATED ACCOUNTS IS CALLED WHAT? IT IS THE BOOK OF FINAL ENTRY.
(a)
7.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
A RECORD BOOK USED FOR RECORDING OF NEWLY BAPTIZED OR PERSONS WHO WISH TO TRANSFER MEMBERSHIP. IT IS ARRANGED ALPHABETICALLY.
(a)
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