I thought I would make a quiz about accounting, since I have been taking accounting classes all summer. Good luck to anyone who actually plays this, and remember that I am Canadian, so this is Canadian accounting.
The merchandising business sells physical products, called inventory, instead of services. Accounting for a merchandising business is a bit more complex because the merchandiser must obtain inventory, instead of services.
This quiz tests your knowledge of generally accepted accounting principles, also known as GAAP, that are sometimes twisted and kneaded by companies trying to mislead.
Please note, the name used is purely fictitious.
An accounting information system is the combination of people, procedures and business records that a company maintains to manage financial data. Note: This quiz pertains to businesses in North America.
In every decision making, managers should be aware on costs to be incurred in selecting alternatives. Management accountants must present only the relevant information in each alternative so that managers can provide better decision outcomes.
This is category 10192
Last Updated Jun 24 2021 7:25 PM
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