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Introduction to Accounting

Quiz by Guerline Joseph

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12 questions
Show answers
  • Q1

    A process which involves the collecting, recording and summarizing of financial data.

    analyzing 

    counting 

    accounting 

    bookkeeping 

    30s
  • Q2

    Who is known as the 'Father of Accounting'?

    Leonardo daVinci

    Bill Gates 

    Leonardo DiCaprio

    Luca Pacioli

    30s
  • Q3

    A business structure which has more than 100 owners. 

    non-profit

    corporation 

    partnership

    cooperatives

    30s
  • Q4

    This involves the analyzing and interpreting of financial information.

    statistical data

    record-keeping 

    accounting 

    bookkeeping 

    30s
  • Q5

    Another name for a limited company is ___________.

    joint stock 

    sole proprietorship

    sleeping partner 

    non-profit 

    30s
  • Q6

    One major advantage of owning this type of business is that the owner has freedom to make all decisions. 

    corporation

    joint stock 

    partnership 

    sole proprietorship 

    30s
  • Q7

    Clubs and associations are examples of __________.

    partnerships

    non-profits

    sole proprietorship 

    limited companies

    30s
  • Q8

    These can be either publicly or privately owned and operated

    sole traders

    partnerships

    cooperative societies

    limited companies

    30s
  • Q9

    The two types of cooperatives are:

    personal and impersonal 

    limted and unlimited 

    worker and consumer 

    private and public 

    30s
  • Q10

    The Bahamas Power & Light Company (BPL) is an example of a ___________.

    limited company

    partnership 

    cooperative society

    sole proprietorship

    30s
  • Q11

    Which of the following is a non-profit organization?

    Bahamas Mortgage Corporation

    Teacher's Cooperative Union

    Scotia Bank 

    Bahamas Humane Society

    30s
  • Q12

    How many persons make up a partnership?

    up to 100

    2-20

    more than 100

    1-10

    30s

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