HRT 374 QuizCh1and2

HRT 374 QuizCh1and2 - Winter 2012 - HRT 374 Discussion...

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Chapter 1 - Introduction to Managerial Accounting 1. Six branches of accounting were described in this chapter. ___________ refers to accounting for revenues, expenses, assets, and liabilities. This branch of accounting is historical in nature. a. Cost. b. Financial. c. Managerial. d. Tax. e. Auditing. 2. The branch of accounting that deals with proposed events and is designed to provide information to various management levels for the proposed of enhancing controls is called: __________. a. Cost. b. Financial. c. Managerial. d. Tax. e. Accounting systems. 3. The normal balance of liability accounts is a: ______. a. Credit. b. Debit. c. None of the above. 4. Statement 1 : A student subscription to the Wall Street Journal includes the online and paper versions of the paper. Statement 2 : Articles from the Wall Street Journal may also be found
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HRT 374 QuizCh1and2 - Winter 2012 - HRT 374 Discussion...

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