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Business

9th -

12thgrade

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POBF Nature of Accounting 6.01

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  • 1. Multiple Choice
    1 minute
    1 pt

    The process of keeping the financial records of a business is known as

    accounting

    controlling

    financing

    bookkeeping

  • 2. Multiple Choice
    1 minute
    1 pt

    The overall purpose of accounting is to

    maintain accurate reports

    compile the business’s expenses

    keep track of sales

    control the finances of the business

  • 3. Multiple Choice
    1 minute
    1 pt

    Why are accurate accounting records important to a business?

    They prevent any financial losses

    They show the business how it is doing

    They increase the return on investments

    They give the business an image of success

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