Introduction to Accounting
Quiz by Guerline Joseph
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- 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