terpretation of Account
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 1EB: Match the correct term with its definition. A. Financial Accounting Standards Board FASB) i. used by...
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Question
Interpretation of Account is the
Select one:
a.
To know the causes for the prevailing performance of business
b.
All of the correct answer
c.
To know financial strengths and weaknesses of a business
d.
Art and science of translating the figures
Government agency gives a CPA certificate to an accountant after he passes a series of rigorous examinations administered by the Board of Accountancy (BOA).
Select one:
a.
School Registrar
b.
Civil Service Commission
c.
BIR
d.
{
e.
PRC
Which of the following is a mechanical aspect of accounting?
Select one:
a.
Preparation of a financial budget
b.
Designing the accounting system
c.
Analyzing the transactions preparatory to the recording process.
d.
Reviewing the effectiveness of the internal control procedures
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