ACC 111 - 1

Ehab Abdou
Quiz by Ehab Abdou, updated more than 1 year ago
Ehab Abdou
Created by Ehab Abdou almost 7 years ago
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Description

Financial Accounting Test

Resource summary

Question 1

Question
1. Accounting is ……………………………..
Answer
  • a. Consists of three basic activities.
  • b. Information System.
  • c. Provides information about economic entities.
  • d. All of the above

Question 2

Question
2. The partnership form of business organization
Answer
  • a. is a separate legal entity..
  • b. is a common form of organization for service-type businesses.
  • c. enjoys an unlimited life.
  • d. has limited liability.
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