Question 1

Match the terms with the definitions.

-Specializes in cash,payroll,accounts receivable,accounts payable,inventory,or purchases.

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 2

One who assumes all risks for the business and whose personal assets can be taken to pay creditors is called a(n)____________________.

Accepted Answer

sole propr

Question 3

Match the terms with the definitions.

-A business that makes products to sell.

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 4

Match the terms with the definitions.

-A business that provides a service.

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 5

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 6

____________________ is the process by which accountants help managers develop a financial plan.

Accepted Answer

The answer of ____________________ is the process by which accountants...

Question 7

____________________ includes preparing various reports and financial statements and analyzing operating,investing,and financing decisions.

Accepted Answer

Financial

Question 8

Which of the following does NOT use nonprofit accounting guidelines and procedures?

Accepted Answer

A)  proprietorships 
B)  hospitals 
C)  educational institutions 
D)  churches 
A)  proprietorships 
B)  hospitals 
C)  educational institutions 
D)  churches

Question 9

Match the terms with the definitions.

-A business that buys a product from another business to sell to customers.

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

Match the terms with the definitions.

-Specializes in cash,payroll,accounts receivable,accounts payable,inventory,or purchases.

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 11

The Financial Accounting Standards Board develops generally accepted accounting principles to provide some assurance that companies are reporting business activities in a similar manner.

Accepted Answer

A) True 
 B)False

Question 12

____________________ is deciding the meaning and importance in various reports,which may include ratio analysis to help explain how pieces of information relate to one another.

Accepted Answer

The answer of ____________________ is deciding the meaning and importance...

Question 13

Match the terms with the definitions.

-The process in which accountants help managers develop a financial plan.

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 14

Writing or using one of the latest technological advances to enter a transaction in the accounting records is called summarizing.

Accepted Answer

A) True 
 B)False

Question 15

The principal accounting officer of a company is called a public accountant.

Accepted Answer

A) True 
 B)False

Question 16

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 17

Rules that businesses must follow when preparing financial statements are called ____________________.

Accepted Answer

generally

Match the terms with the definitions. -Specializes in cash,payroll,accounts receivable,accounts payable,inventory,or purchases.

One who assumes all risks for the business and whose personal assets can be taken to pay creditors is called a(n)____________________.

Match the terms with the definitions. -A business that makes products to sell.

Match the terms with the definitions. -A business that provides a service.

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

____________________ is the process by which accountants help managers develop a financial plan.

____________________ includes preparing various reports and financial statements and analyzing operating,investing,and financing decisions.

Which of the following does NOT use nonprofit accounting guidelines and procedures?

Match the terms with the definitions. -A business that buys a product from another business to sell to customers.

Match the terms with the definitions. -Specializes in cash,payroll,accounts receivable,accounts payable,inventory,or purchases.

The Financial Accounting Standards Board develops generally accepted accounting principles to provide some assurance that companies are reporting business activities in a similar manner.

____________________ is deciding the meaning and importance in various reports,which may include ratio analysis to help explain how pieces of information relate to one another.

Match the terms with the definitions. -The process in which accountants help managers develop a financial plan.

Writing or using one of the latest technological advances to enter a transaction in the accounting records is called summarizing.

The principal accounting officer of a company is called a public accountant.

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

Rules that businesses must follow when preparing financial statements are called ____________________.

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

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Exam 1: Introduction to Accounting

Match the terms with the definitions. -Specializes in cash,payroll,accounts receivable,accounts payable,inventory,or purchases.

One who assumes all risks for the business and whose personal assets can be taken to pay creditors is called a(n)____________________.

Match the terms with the definitions. -A business that makes products to sell.

Match the terms with the definitions. -A business that provides a service.

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

____________________ is the process by which accountants help managers develop a financial plan.

____________________ includes preparing various reports and financial statements and analyzing operating,investing,and financing decisions.

Which of the following does NOT use nonprofit accounting guidelines and procedures?

Match the terms with the definitions. -A business that buys a product from another business to sell to customers.

Match the terms with the definitions. -Specializes in cash,payroll,accounts receivable,accounts payable,inventory,or purchases.

The Financial Accounting Standards Board develops generally accepted accounting principles to provide some assurance that companies are reporting business activities in a similar manner.

____________________ is deciding the meaning and importance in various reports,which may include ratio analysis to help explain how pieces of information relate to one another.

Match the terms with the definitions. -The process in which accountants help managers develop a financial plan.

Writing or using one of the latest technological advances to enter a transaction in the accounting records is called summarizing.

The principal accounting officer of a company is called a public accountant.

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

Rules that businesses must follow when preparing financial statements are called ____________________.

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