Which of the following would NOT be considered as internal users of accounting data for a company?

Accounting graduates can works as

1.External Auditors

2.Lawyers

3.Accountants

4.Tax Officers

Which type of business organization has the following characteristics?

• is owned by 2 to 20 person
• has unlimited liability
• has no legal obligation to audit the accounts

Which type of business organization has a separate legal entity from its owners, and the owners are not liable for debts of business?

In a partnership, all the partners can involve themselves in the management and decision making process.

A partnership business normally owned by 2 to 50 partners

The process of identify, classify, recording and communicating business transaction is called as book-keeping.

Proton Berhad is example of public limited company.

Which principle/guideline requires the company's financial statements to have footnotes containing information that is important to users of the financial statements?

When a business activity is large enough to impact business decisions, it should be recorded clearly in the financial statements

Financial statements are prepared with the expectation that business will remain in operation indefinately

The same accounting procedures must be followed in the same way each accounting period

Financial Statements of a firm are prepared every year on 31st March, according to which concept?

Purchase of pen is treated as a revenue expense, according to the concept of

According to Going Concern Concept, a business is viewed as having

The purpose of accounting is to....