Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
Give this quiz to my class
Q 1/20
Score 0
The accounting process is _________.
30
Identifying-Recording-Analyzing of economic events
Identifying-Summarizing-Measurement of economic events
Identifying-Analyzing-Measurement of economic events
Identifying and Measuring economic events
Q 2/20
Score 0
Accounting is a tool to achieve specific objective and not the objective itself.
10
Accounting is a process.
Accounting is a means and not an end.
Accounting is an information system.
Accounting is an art.
20 questions
Q.
The accounting process is _________.
1
30 sec
Q.
Accounting is a tool to achieve specific objective and not the objective itself.
2
10 sec
Q.
It involves identifying the events that affect a business, recording these events and communicating the summarized results of all events within a particular period to interested parties.
3
20 sec
Q.
Egyptians carried on with accounting records and even invented the first bead and wire abacus.
4
10 sec
Q.
They define accounting as the process of identifying, measuring and communicating economic information to permit informed judgments and decisions by the users of information.
5
10 sec
Q.
Accounting is recognized and characterized as a storehouse of information.
6
10 sec
Q.
The define accounting as the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are part at least of a financial character and interpreting the results thereof.
7
10 sec
Q.
Accounting deals only with quantifiable financial transactions.
8
10 sec
Q.
Early development of accounting happened first _______.
9
10 sec
Q.
AAA means _____.
10
10 sec
Q.
In the Philippines, the Accountancy Law was revised and passed under Presidential Decree No. 692.
11
10 sec
Q.
He asserted that assets must be carried at their market value and not based on historical post.
12
10 sec
Q.
The first income law in the Philippines was enacted.
13
10 sec
Q.
He is the father of the modern accounting.
14
10 sec
Q.
The auditing profession was born to double check storehouse as to what came in and out the door.
15
10 sec
Q.
He used historical cost as the basis of evaluation.
16
10 sec
Q.
He is the emperor of China who instituted the first known income tax at a flat rate of 10% profits.
17
10 sec
Q.
Florentine Approach in reporting was introduced by ______.
18
10 sec
Q.
The Philippines started transitioning from applying American Accounting Standards to applying IAS.
19
10 sec
Q.
They created an alphabet with accounting so that they were not cheated through trades with ancient Egyptians.
