Reference no: EM132712883

Problem 1: All of the following are the internal user of accounting data except

a) Inland Revenue Board.

b) Board of Director.

c) Head of Marketing.

d) Senior Training Executive.

Problem 2: Which user of accounting data asked the common question "did the company earn satisfactory income?"

a) Investor

b) Management

c) Creditor

d) Marketing

Problem 3: result from the business activities entered into for the purpose of earning income.

a) Account receivable

b) Account payable

c) Revenue

d) Expenses

Problem 4: Each transaction has a on the accounting equation.

a) Synergy

b) Minimum price

c) Maximum price

d) Dual effect

Problem 5: Which are the following events are recorded in accounting records?

a) Fill-up the full tank fuel for personal car.

b) Supplier gives the official receipts.

c) Give the orphanage donation using pocket money.

d) Hired the new driver for COO.