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5 questions
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  • Q1
    The type or branch of accounting that generates reports for the use of external parties such as creditors, investors and government agencies is known as:
    Financial accounting
    Forensic accounting
    Tax accounting
    Managerial accounting
    30s
  • Q2
    The branch of accounting that generates reports and information for the use of internal management is known as:
    Auditing
    Tax accounting
    International accounting
    Managerial or management accounting
    30s
  • Q3
    Which one of the following is not an external user of accounting information?
    Manager
    Customer
    Investor
    Creditor
    30s
  • Q4
    Which of the following is correct?
    Owner’s Equity = Liabilities + Assets
    Assets = Liabilities + Owner’s Equity
    Assets = Owner’s Equity
    Liabilities = Assets + Owner’s Equity
    30s
  • Q5
    Who is known as the father of accounting?
    Al Mazendarany
    Leonardo da Vinci
    Fra Luca Pacioli
    Al Khawarizmy
    30s

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