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Quiz-FABM 1

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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Raul Cabanting
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3K views1 page

Quiz-FABM 1

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.

Uploaded by

Raul Cabanting
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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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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