Question 1

Intangible assets are physical items such as buildings,machinery,and computers.

Accepted Answer

A) True 
 B)False

Question 2

A chart of accounts COA)is an ordered listing of accounts that comprise a company's general ledger.

Accepted Answer

A) True 
 B)False

Question 3

Expenses are what the company owes to others,including money owed to vendors and loans from financial institutions.

Accepted Answer

A) True 
 B)False

Question 4

Which term represents what a company owes to others,including money owed to vendors and loans from financial institutions?

Accepted Answer

A) Liabilities 
B) Equity 
C) Assets 
D) Revenues 
E) None of the above 
A) Liabilities 
B) Equity 
C) Assets 
D) Revenues 
E) None of the above

Question 5

Which of the following are types of chart of accounts?

Accepted Answer

A) Operative COA 
B) Country specific COA 
C) Active COA 
D) Group COA 
A) Operative COA 
B) Country specific COA 
C) Active COA 
D) Group COA

Question 6

Within accounts receivable accounting,when a payment is made the bank account is debited and the appropriate customer account is credited.

Accepted Answer

A) True 
 B)False

Question 7

Financial accounting is affected any time money either leaves or comes into the company.

Accepted Answer

A) True 
 B)False

Question 8

A list of accounts that can be included in a general ledger is called master data.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is not a mode of acquiring an asset for a company?

Accepted Answer

A) Acquiring internally via the production process 
B) Acquire from a vendor using the purchasing process 
C) Acquire from a vendor without using the purchasing process 
D) Selling equipment 
E) Acquiring without a vendor 
A) Acquiring internally via the production process 
B) Acquire from a vendor using the purchasing process 
C) Acquire from a vendor without using the purchasing process 
D) Selling equipment 
E) Acquiring without a vendor

Question 10

Which type of asset has a physical form?

Accepted Answer

A) Master asset 
B) Tangible asset 
C) Informal asset 
D) Intangible asset 
E) None of the above 
A) Master asset 
B) Tangible asset 
C) Informal asset 
D) Intangible asset 
E) None of the above

Question 11

A segment is a division of an enterprise for which management monitors performance separately from other segments.

Accepted Answer

A) True 
 B)False

Question 12

An organization can possess which of the following types of assets?

Accepted Answer

A) Tangible 
B) Intangible 
C) Financial 
D) Economic 
E) Virtual 
A) Tangible 
B) Intangible 
C) Financial 
D) Economic 
E) Virtual

Intangible assets are physical items such as buildings,machinery,and computers.

A chart of accounts COA)is an ordered listing of accounts that comprise a company's general ledger.

Expenses are what the company owes to others,including money owed to vendors and loans from financial institutions.

Which term represents what a company owes to others,including money owed to vendors and loans from financial institutions?

Which of the following are types of chart of accounts?

Within accounts receivable accounting,when a payment is made the bank account is debited and the appropriate customer account is credited.

Financial accounting is affected any time money either leaves or comes into the company.

A list of accounts that can be included in a general ledger is called master data.

Which of the following is not a mode of acquiring an asset for a company?

Which type of asset has a physical form?

A segment is a division of an enterprise for which management monitors performance separately from other segments.

An organization can possess which of the following types of assets?

A: Introduction to Business Processes

B: Introduction to Business Processes

C: Introduction to Business Processes

A: Introduction to Sap ERP

B: Introduction to Sap ERP

C: Introduction to Sap ERP

A: The Procurement Process

B: The Procurement Process

C: The Procurement Process

The Fulfillment Process

The Production Process

Inventory and Warehouse Management Processes

Material Planning Process

Integrated Process

Filters

Exam 3: Introduction to Accounting

Intangible assets are physical items such as buildings,machinery,and computers.

A chart of accounts COA)is an ordered listing of accounts that comprise a company's general ledger.

Expenses are what the company owes to others,including money owed to vendors and loans from financial institutions.

Which term represents what a company owes to others,including money owed to vendors and loans from financial institutions?

Which of the following are types of chart of accounts?

Within accounts receivable accounting,when a payment is made the bank account is debited and the appropriate customer account is credited.

Financial accounting is affected any time money either leaves or comes into the company.

A list of accounts that can be included in a general ledger is called master data.

Which of the following is not a mode of acquiring an asset for a company?

Which type of asset has a physical form?

A segment is a division of an enterprise for which management monitors performance separately from other segments.

An organization can possess which of the following types of assets?

A: Introduction to Business Processes

B: Introduction to Business Processes

C: Introduction to Business Processes

A: Introduction to Sap ERP

B: Introduction to Sap ERP

C: Introduction to Sap ERP

A: The Procurement Process

B: The Procurement Process

C: The Procurement Process

The Fulfillment Process

The Production Process

Inventory and Warehouse Management Processes

Material Planning Process

Integrated Process

Filters