Accounting Basics MCQs (11-20)

Someone who uses accounting information is?

An external user

A manager

A user

An internal user

Correct! Wrong!

The controller's responsibilities are primarily in nature, while the treasurer's responsibilities are primarily related to?

Financial management; Operations

Accounting; Financial management

Financial management; Accounting

Operational; Financial accounting

Correct! Wrong!

To understand and use accounting information in making economic decisions, you must understand?

Which information is relevant for a particular type of decision that is being made?

All of given options

The nature of economic activities that accounting information describes

The assumptions and measurement techniques involved in developing accounting information

Correct! Wrong!

External users include all of the following except?

Lenders

Employees

Customers

Officers

Correct! Wrong!

Internal users of accounting information include all of the following except?

Chief executive officer

Store manager

Chief financial officer

Creditor

Correct! Wrong!

External users of accounting information include all of the following except?

Investors

General Public

Line Manager

Labor Union

Correct! Wrong!

Which of the following persons are most likely to use accounting information?

None of given option

All of given option

Lending institutions

Business owners

Correct! Wrong!

The outcome of financial accounting is to?

Provide management with detailed analyses of costs

Present the financial results to the organization by means of recognized financial statements

Calculate profit

Record all transactions in the books of accounts

Correct! Wrong!

Accounting is an information and measurement system that does all of the following except?

Analyze transactions

Handle routine book-keeping tasks

Recording social activities

Structure information

Correct! Wrong!

Which of the following groups use financial accounting information?

All of given option

Management, employees, shareholders and lenders

Suppliers, customers and competitors

Tax authorities, government and general public

Correct! Wrong!

Someone who uses accounting information is?

The controller's responsibilities are primarily in nature, while the treasurer's responsibilities are primarily related to?

To understand and use accounting information in making economic decisions, you must understand?

External users include all of the following except?

Internal users of accounting information include all of the following except?

External users of accounting information include all of the following except?

Which of the following persons are most likely to use accounting information?

The outcome of financial accounting is to?

Accounting is an information and measurement system that does all of the following except?

Which of the following groups use financial accounting information?

Search