Do you really want to be an Accountant?

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10 Questions - Developed by: Angie - Developed on: - 171 taken

This is a test for those accounting students or even for those who want to answer. This may test their knowledge on how they really know about accounting.

  • 1
    An asset is a resource controlled by an entity?
     True
     False
  • 2
    Operating cycle is the residual interest in the assets of the entity after deducting all of its liabilities?
     True
     False
  • 3
    Intangible assets is a current assets?
     True
     False
  • 4
    CPA means Certified Public Artists?
     True
     False
  • 5
    Financial performance is the main output of accounting process?
     True
     False
  • 6
    Accounting is a service activity?
     True
     False
  • 7
    Materiality and Neutrality is the fundamental qualitative characteristics?
     True
     False
  • 8
    Income statement is a formal statement comprising financial performance?
     True
     False
  • 9
    Verifiability implies consensus?
     True
     False
  • 10
    GAAP stands for Generally Accepted Accounting Project?
     True
     False

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