Accounting Online Quizzes Subject Knowledge

Accounting Quiz 07

Written by Muhammad Arslan

Keeping the log of financial information in books of original entries is called__________?

In accounting an Economic event is referred to as:

Bookkeeping mainly concerns with which part of accounting process?

Which of the following is the external user of financial statements?

Which of the following is the internal user of financial statements?

_________ is the first phase of accounting cycle?

Financial accounting provides financial information to all of the following external users except:

Auditing is what?

For which step of accounting process the accountants of business entity prepare financial statements?

Identify the correct sequence of accounting process

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