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- 1. Multiple Choice
Accounting is the language of business.
True
False
- 2. Multiple Choice
A future accountant must be good in analysis only. Computation is not important.
True
False
- 3. Multiple Choice
Almost all fields in the society make use of the accounting process.
True
False
- 4. Multiple Choice
Recording is the first activity in accounting.
True
False
- 5. Multiple Choice
In accounting computation, one should check carefully his computed results before reporting it.
True
False
- 6. Multiple Choice
Bookkeeping and accounting involves money only. Business decision is not included.
True
False
- 7. Multiple Choice
A future accountant must pass the Board Examination of Accountants.
True
False
- 8. Multiple Choice
CPA stands for Certified Public Accountant.
True
False
- 9. Multiple Choice
One of the uses of accounting is to help management in arriving at good business decisions.
True
False
- 10. Multiple Choice
All businessmen know how to apply the accounting process in their businesses.
True
False
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