FABM-112 Weak 1-10 BY KUYA PIOLO.docx - FABM 112 Weak 1-10 Created By Kuya Piolo Bago muna kayo sumagot basahin nyo muna'to May mga sagot akong nailagay

FABM-112 Weak 1-10 BY KUYA PIOLO.docx - FABM 112 Weak 1-10...

This preview shows page 1 - 3 out of 8 pages.

FABM 112 Weak 1-10 Created By Kuya Piolo Bago muna kayo sumagot, basahin nyo muna 'to. May mga sagot akong nailagay na 1st, 2nd, 3rd at 4th. Ang ibig sabihin mga iyon ay haba ng sentence. Pinakamahaba ay 1st at pinakamaiksi ay 4th. Kapag hindi lumabas ang tanong 2 nd Attempt lalabas na ang tanong Naka bold po yong sagot Which of the following is an internal user of the financial data? -Management A person with knowledge of accounting, who does the routine work of recording, classifying, and summarizing phases of accounting. -Bookkeeper Creditors information needs involve makingall of the following decisions,except: -Whether or not to sell goods and serviceson accountbasis Accounting and bookkeeping are synonymous. -False Which of the following is the most appropriate definition for Accountancy? -a. Accountancy refers to the art of classifying the recorded transactions under their respective accounts Which is the last step of accounting as a process of information? -c. Interpret financial data 1.) Government agency gives a CPA certificate to an accountant after he passes a series of rigorous examinations administered by the Board of Accountancy (BOA). = PRC A corporation can extend its life for a period not exceeding -c. 50 years
Image of page 1
Accounting involves communication. -True Which financial statement displays the revenues and expenses of a company for a period of time? - a. Income Statement Information is cost effective when: -The value of the information exceeds the cost of producing it. 2.) Which of the following statements are true? (Financial Statements) = Both 1 and 2 [My dalawa ganitong tanong pero pareho ang kanilang sagot] 3.) The statement of financial position and the balance sheet are synonyms.
Image of page 2
Image of page 3

You've reached the end of your free preview.

Want to read all 8 pages?

  • Winter '08
  • Angelo Mauricio
  • Accounting, accounting professor, Dobleng Tanong

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture