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Q 1/5
Score 0
Accounting is a service activity and its function is to provide quantitative information primarily financial in nature about economic entities, that is intended to be useful in making economic decision. This accounting definition given by
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AICPA Committee on Accounting Terminology
American Accounting Association
Accounting Standards Council
Board of Accountancy
Q 2/5
Score 0
All of the following describe accounting, except
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An exact science rather than an art
A service activity
A universal language of business
An information system
5 questions
Q.
Accounting is a service activity and its function is to provide quantitative information primarily financial in nature about economic entities, that is intended to be useful in making economic decision. This accounting definition given by
1
30 sec
Q.
All of the following describe accounting, except
2
30 sec
Q.
The important points made in the definition of accounting include all of the following, except
3
30 sec
Q.
This accounting process is the recognition or nonrecognition of business activities as accountable events.
4
30 sec
Q.
The events that affect and in which other entities
