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    Quiz-FABM 1

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    Raul Cabanting
    This document is a quiz for an Accountancy, Business & Management 1 class covering key concepts in accounting. It contains 10 multiple choice questions testing students' knowledge of topics like the basic bookkeeping process, different accounting books, accounting definitions, accounting branches, and accounting pioneers. The quiz also lists two enumeration questions asking students to list branches of accounting and the nature of accounting.

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    Quiz-FABM 1

    Uploaded by

    Raul Cabanting
    3K views1 page
    This document is a quiz for an Accountancy, Business & Management 1 class covering key concepts in accounting. It contains 10 multiple choice questions testing students' knowledge of topics like the basic bookkeeping process, different accounting books, accounting definitions, accounting branches, and accounting pioneers. The quiz also lists two enumeration questions asking students to list branches of accounting and the nature of accounting.

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    This document is a quiz for an Accountancy, Business & Management 1 class covering key concepts in accounting. It contains 10 multiple choice questions testing students' knowledge of topics like the basic bookkeeping process, different accounting books, accounting definitions, accounting branches, and accounting pioneers. The quiz also lists two enumeration questions asking students to list branches of accounting and the nature of accounting.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    3K views1 page

    Quiz-FABM 1

    Uploaded by

    Raul Cabanting
    This document is a quiz for an Accountancy, Business & Management 1 class covering key concepts in accounting. It contains 10 multiple choice questions testing students' knowledge of topics like the basic bookkeeping process, different accounting books, accounting definitions, accounting branches, and accounting pioneers. The quiz also lists two enumeration questions asking students to list branches of accounting and the nature of accounting.

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    © All Rights Reserved
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    Republic of the Philippines

    Department of Education
    Region III
    Division of Nueva Ecija
    CUYAPO NATIONAL HIGH SCHOOL
    Brgy. Bulala, Cuyapo, Nueva Ecija

    ACCOUNTANCY, BUSINESS & MANAGEMENT 1

    QUIZ No. __________

    Name: _________________________________________________ Date: _________________


    Grade & Section: _______________________________________ Score: ________________

    Part I. MULTIPLE CHOICE: Encircle the letter of the best answer in each number.

    1. The writing down of business transactions in the official book of accounts.


    a. Summarizing b. Interpreting c. Communicating d. Recording

    2. The book of final entry


    a. Worksheet b. Ledger c. Journal d. Special Journal

    3. It is an art of recording, classifying and summarizing in a significant manner and in terms of money,
    transactions and events which are in part at least of a financial character and interpreting the result thereof.
    a. Taxation b. Accounting c. Bookkeeping d. Auditing

    4. The initial activity or clerical part of accounting.


    a. Taxation b. Accounting c. Bookkeeping d. Auditing

    5. A branch of accounting which focuses on the preparation of financial reports used by the managers in their day-
    to-day decision-making.
    a. Tax Accounting b. Financial Accounting c. Cost Accounting d. Management Accounting

    6. A branch of accounting primarily handling the recording of transactions of business.


    a. Tax Accounting b. Financial Accounting c. Cost Accounting d. Management Accounting

    7. Book of original entry.


    a. Worksheet b. Ledger c. Journal d. Special Journal

    8. Who is known as father of accounting?


    a. Lucas Asuncion b. Luca Pacioli c. Suetonius d. Augustus

    9. Which is not a step in the accounting process


    a. Identification b. Communication c. Recording d. Verification

    10. What profession does not use accounting information at all.


    a. Entrepreneur b. Economists c. Government officials d. None of the above

    II. Enumeration

    1-10 Branches of Accounting


    11-15 Nature of Accounting

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