Chapter 1: Introduction to AccountingMarch 18, 2024 Maven Leave a Comment Welcome to the Chapter 1: Introduction to Accounting Quiz! This quiz is based on the book back questions. Name Email 1. The root of financial accounting system is: Social accounting Stewardship accounting Management accounting Responsibility accounting None 2. The financial position of a business is ascertained on the basis of: Journal Trial balance Balance sheet Ledger None 3. Who is considered to be the internal user of financial information? Creditor Employee Customer Government None 4. Which one of the following is not a main objective of accounting? Systematic recording of transactions Ascertainment of the profitability of the business Ascertainment of the financial position of the business Solving tax disputes with tax authorities None 5. Which one of the following is not a branch of accounting? Financial accounting Management accounting Human resources accounting None of the above None Time's upRelated Posts:Chapter 1: Introduction to Micro EconomicsChapter 1: Introduction to Macro EconomicsChapter 12: Introduction to Statistical Methods and…Chapter 4: Introduction To Financial Markets
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