quiz

1.       Which of the following is considered to be data?

2.       External sources of information include;

3.       A building is considered a ;

4.       Taxes payable and salaries are examples of ;

5.       When the amount of information is low, there is more risk to an organization.

6.       The fifth step in the accounting process is

7.       Which group has the least amount of interest in a firm’s accounting information

8.       Public accountants are responsible for collecting the financial data that is processed by the accounting system of an organization

9.       A balance sheet is a summary of the firm’s revenues and expenses

10.   To be successful in accounting industry , employees must

11.   Which of the following is an example of an intangible asset?

12.   Revenues plus cost of goods sold plus operating expenses equals net income from the operations

13.   Accounts payable is an asset of the firm.