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5 questions
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- Q1Which of the following is not an output of accounting process?Statement of Financial PositionNone of the aboveNotes to Financial StatementsIncome Statement30s
- Q2The English translation of Summa de Arithmetica, Geometrica, Proportioni et Proportionalita is ___________________________________Everything about Arithmetic, Geometry, Proportion and ProportionalityDetails of recording and journalizingDetails of calculation and recordingEverything about Accounting, Geometry and Proportion30s
- Q3Because Accounting is an art, _________________________________It refers to something that can be performedAll of the aboveIt refers to a behavioral knowledgeIt refers to a skill that can be enhanced30s
- Q4Which of the following activities undertaken by Jose Mercado did not result in a business transaction that is financial in nature?Purchase of printerPayment of SalariesHiring of a staffBorrowing money from his brother30s
- Q5Economic Activities relates to transactions that affects _________________________-Financial PositionCash FlowsFinancial PerformanceAll of the above30s