Reference no: EM132958280
Problem 1. Which of the following is not an internal user of accounting information?
A. Employee
B. Owner
C. Supplier
D. Manager
Problem 2. The following represents the definition of bookkeeping except _________.
A. classifying
B. interpreting
C. recording
D. summarising
Problem 3. ___________need the accounting information as guidance in planning, organizing, controlling and analyzing the operations of the business.
A. Employees
B. Customers
C. Managers
D. Creditors
Problem 4. Which of the following is not true about the characteristics of a partnership business?
A. Profit or loss is to be shared between the partners.
B. General partners are involved in operating the business.
C. Minimum number of partners is 2.
D. General partnership has limited liability.
Problem 5. Which of the following is a public limited company?
A. Mona Lisa Associates
B. Teriak Catering Enterprise
C. Bomca Malaysia Sdn Bhd
D. None of the above
Problem 6. Which of following statements is not true about the purposes of recording and analysing accounting information?
A. To measure the level of employee engagement.
B. For easier reference in retrieving data and information.
C. To avoid misleading of financial statements.
D. To know the financial status of the business.
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