1. Which of the following does not describe accounting?

Correct! Wrong!

2. The two most common specialized fields of accounting in practice are?

Correct! Wrong!

3. Which of the following user groups required the most detailed financial information?

Correct! Wrong!

4. AAA stands for?

Correct! Wrong!

5. Which one of the following statement completely and correctly describes accounting?

Correct! Wrong!

6. Which of the following provides information about the financial information’s, obligations and activities on the economic entity that is intended for use primarily by external decision makers?

Correct! Wrong!

7. Which of the following statement is true about purpose of accounting?

Correct! Wrong!

8. External reporting is the result of?

Correct! Wrong!

9. How many approaches accounting has?

Correct! Wrong!

10. Accounting is the language of?

Correct! Wrong!

Accounting Basics MCQs (1-10)
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