Question 1

Cost accountants provide a wide variety of services including

Accepted Answer

A)  designing and implementing accounting information systems. 
B)  auditing reviews. 
C)  performing general accounting services. 
D)  analyzing the cost effectiveness of products produced and services provided. 
A)  designing and implementing accounting information systems. 
B)  auditing reviews. 
C)  performing general accounting services. 
D)  analyzing the cost effectiveness of products produced and services provided. D

Question 2

A business that makes a product to sell is called a manufacturing business.

Accepted Answer

A) True 
 B)False  True

Question 3

Match the terms with the definitions.

-Includes preparing various reports and financial statements and analyzing operating,investing,and financing decisions.

Accepted Answer

A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting 
A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting M

Question 4

____________________ involves the application of standard review and testing procedures to be certain that proper accounting policies and practices have been followed.

Accepted Answer

The answer of ____________________ involves the application of standard review...

Question 5

____________________ is the aggregation of many similar events to provide information that is easy to understand.

Accepted Answer

The answer of ____________________ is the aggregation of many similar...

Question 6

Examining a transaction or event to determine its fundamental significance to the business so that the relevant information may be properly processed is called

Accepted Answer

A)  recording. 
B)  analyzing. 
C)  classifying. 
D)  interpreting. 
A)  recording. 
B)  analyzing. 
C)  classifying. 
D)  interpreting.

Question 7

The six major steps of the accounting process are analyzing,recording,classifying,summarizing,reporting,and interpreting.

Accepted Answer

A) True 
 B)False

Question 8

Match the terms with the definitions.

-A type of ownership structure in which one person owns the business.

Accepted Answer

A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting 
A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting

Question 9

Match the terms with the definitions.

-Sorting and grouping similar items together rather than merely keeping a simple,diary-like record of numerous events.

Accepted Answer

A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting 
A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting

Question 10

Since financial information is communicated in accounting terms and is the eyes and ears of management,accounting is said to be

Accepted Answer

A)  the language of business. 
B)  public. 
C)  private. 
D)  nonprofit. 
A)  the language of business. 
B)  public. 
C)  private. 
D)  nonprofit.

Question 11

Match the terms with the definitions.

-Bringing various items of information together to determine a result.

Accepted Answer

A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting 
A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting

Question 12

A business that purchases a product from another business to sell to customers is called a

Accepted Answer

A)  service business. 
B)  manufacturing business. 
C)  merchandising business. 
D)  nonprofit business. 
A)  service business. 
B)  manufacturing business. 
C)  merchandising business. 
D)  nonprofit business.

Question 13

The owners of a corporation are called ____________________.

Accepted Answer

stockholde

Question 14

Entering financial information about events affecting the company into the accounting system is called ____________________.

Accepted Answer

The answer of Entering financial information about events affecting the...

Question 15

​Interpreting refers to reviewing events that have taken place and determining how they affect a business.
​

Accepted Answer

A) True 
 B)False

Question 16

Match the terms with the definitions.

-Generally supervises the work of accounting clerks,helps with daily accounting work,and summarizes accounting information.

Accepted Answer

A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting 
A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting

Question 17

A business that makes a product to sell is called a(n)____________________ business.

Accepted Answer

The answer of A business that makes a product to...

Question 18

Looking at events that have taken place and thinking about how they affect a business is called ____________________.

Accepted Answer

The answer of Looking at events that have taken place...

Question 19

Match the terms with the definitions.

-Reviewing and testing to be certain that proper accounting policies and practices have been followed.

Accepted Answer

A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting 
A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting

Question 20

Match the terms with the definitions.

-Entering financial information about events affecting the company into the accounting system.

Accepted Answer

A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting 
A)  accountant 
B)  accounting 
C)  accounting derk 
D)  analyzing 
E)  auditing
F) bookkeeper
G) budgeting
H) Certified Public Accountant
I) classifying
J)controller
K) corporation
L) cost accounting
M) financial accounting
N) generally accepted accounting principles
O) internal auditing
P) interpreting
Q) manufacturing business
R) merchandising business
S) para-accountant
T) partnership
U) recording
V) reporting
W) service business
X) sole proprietorship
Y) summarizing
Z) tax accounting

Cost accountants provide a wide variety of services including

A business that makes a product to sell is called a manufacturing business.

Match the terms with the definitions. -Includes preparing various reports and financial statements and analyzing operating,investing,and financing decisions.

____________________ involves the application of standard review and testing procedures to be certain that proper accounting policies and practices have been followed.

____________________ is the aggregation of many similar events to provide information that is easy to understand.

Examining a transaction or event to determine its fundamental significance to the business so that the relevant information may be properly processed is called

The six major steps of the accounting process are analyzing,recording,classifying,summarizing,reporting,and interpreting.

Match the terms with the definitions. -A type of ownership structure in which one person owns the business.

Match the terms with the definitions. -Sorting and grouping similar items together rather than merely keeping a simple,diary-like record of numerous events.

Since financial information is communicated in accounting terms and is the eyes and ears of management,accounting is said to be

Match the terms with the definitions. -Bringing various items of information together to determine a result.

A business that purchases a product from another business to sell to customers is called a

The owners of a corporation are called ____________________.

Entering financial information about events affecting the company into the accounting system is called ____________________.

Interpreting refers to reviewing events that have taken place and determining how they affect a business.

Match the terms with the definitions. -Generally supervises the work of accounting clerks,helps with daily accounting work,and summarizes accounting information.

A business that makes a product to sell is called a(n)____________________ business.

Looking at events that have taken place and thinking about how they affect a business is called ____________________.

Match the terms with the definitions. -Reviewing and testing to be certain that proper accounting policies and practices have been followed.

Match the terms with the definitions. -Entering financial information about events affecting the company into the accounting system.

Analyzing Transactions: the Accounting Equation

The Double-Entry Framework

Journalizing and Posting Transactions

Adjusting Entries and the Work Sheet

Financial Statements and the Closing Process

Accounting for Cash

Payroll Accounting: Employee Earnings and Deductions

Payroll Accounting: Employer Taxes and Reports

Module Accounting For A Professional Service Business The Combination Journal

Filters

Exam 1: Introduction to Accounting

Cost accountants provide a wide variety of services including

A business that makes a product to sell is called a manufacturing business.

Match the terms with the definitions. -Includes preparing various reports and financial statements and analyzing operating,investing,and financing decisions.

____________________ involves the application of standard review and testing procedures to be certain that proper accounting policies and practices have been followed.

____________________ is the aggregation of many similar events to provide information that is easy to understand.

Examining a transaction or event to determine its fundamental significance to the business so that the relevant information may be properly processed is called

The six major steps of the accounting process are analyzing,recording,classifying,summarizing,reporting,and interpreting.

Match the terms with the definitions. -A type of ownership structure in which one person owns the business.

Match the terms with the definitions. -Sorting and grouping similar items together rather than merely keeping a simple,diary-like record of numerous events.

Since financial information is communicated in accounting terms and is the eyes and ears of management,accounting is said to be

Match the terms with the definitions. -Bringing various items of information together to determine a result.

A business that purchases a product from another business to sell to customers is called a

The owners of a corporation are called ____________________.

Entering financial information about events affecting the company into the accounting system is called ____________________.

​Interpreting refers to reviewing events that have taken place and determining how they affect a business. ​

Match the terms with the definitions. -Generally supervises the work of accounting clerks,helps with daily accounting work,and summarizes accounting information.

A business that makes a product to sell is called a(n)____________________ business.

Looking at events that have taken place and thinking about how they affect a business is called ____________________.

Match the terms with the definitions. -Reviewing and testing to be certain that proper accounting policies and practices have been followed.

Match the terms with the definitions. -Entering financial information about events affecting the company into the accounting system.

Analyzing Transactions: the Accounting Equation

The Double-Entry Framework

Journalizing and Posting Transactions

Adjusting Entries and the Work Sheet

Financial Statements and the Closing Process

Accounting for Cash

Payroll Accounting: Employee Earnings and Deductions

Payroll Accounting: Employer Taxes and Reports

Module Accounting For A Professional Service Business The Combination Journal

Filters

Interpreting refers to reviewing events that have taken place and determining how they affect a business.