Dwnload Full Accounting Information Systems Basic Concepts and Current Issues 4th Edition Hurt Test Bank PDF
Dwnload Full Accounting Information Systems Basic Concepts and Current Issues 4th Edition Hurt Test Bank PDF
Dwnload Full Accounting Information Systems Basic Concepts and Current Issues 4th Edition Hurt Test Bank PDF
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Chapter 02
A. Accounting
B. Bookkeeping
2-1
Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
4. Which of the following statements about accounting and bookkeeping is most true?
5. Communicating information to external decision makers is accomplished through ___ as part of the
process of ___.
2-2
Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
6. Plant assets, such as equipment, are reported on financial statements at their book value, thus
exemplifying:
7. An accountant received a stack of sales invoices. Which of the following statements is most true?
A. The stack of sales invoices can help the accountant identify economic information, which is part
B. The accountant is a "user of information" as the phrase is used in the definition of bookkeeping
only.
C. The accountant is a "user of information" as the phrase is used in the definition of accounting
only.
D. The stack of sales invoices can help the accountant identify economic information, which is part
of bookkeeping, but not accounting.
8. Which of the following best pairs an element of bookkeeping with an example of the element?
2-3
Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
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