Business

11th -

12th

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Accounting Assumptions

191

11 questions

  • 1. Multiple Choice
    30 seconds
    1 pt

    Accounting Assumptions are

    the generally accepted way of doing things as an accountant

    the technical definitions, rules and procedures for reporting transactions worldwide

    the suggested ways an accountant may do things

    different in every country

  • 2. Multiple Choice
    30 seconds
    1 pt

    How many Accounting Assumptions are there in the accounting system

    3

    2

    4

    1

  • 3. Multiple Choice
    30 seconds
    1 pt

    Accounting Assumptions describe the generally agreed principles that underpin the preparation of financial reports

    False

    True

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