Scribd Logo
Upload

Welcome to Scribd!

  • 151 views

    Poa Questions 1

    Uploaded by

    selina fraser
    Accounting involves systematically recording all financial transactions of a business and analyzing and reporting them. External users of accounting information include government, managers, business owners, and partners. A sole trader is a type of business where one person owns the business and profits go directly to the sole owner. The key disadvantage of using computers in accounting is that staff may need training to use new software systems.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Poa Questions 1

    Uploaded by

    selina fraser
    151 views2 pages
    Accounting involves systematically recording all financial transactions of a business and analyzing and reporting them. External users of accounting information include government, managers, business owners, and partners. A sole trader is a type of business where one person owns the business and profits go directly to the sole owner. The key disadvantage of using computers in accounting is that staff may need training to use new software systems.

    Original Title

    POA QUESTIONS 1

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Accounting involves systematically recording all financial transactions of a business and analyzing and reporting them. External users of accounting information include government, managers, business owners, and partners. A sole trader is a type of business where one person owns the business and profits go directly to the sole owner. The key disadvantage of using computers in accounting is that staff may need training to use new software systems.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    151 views2 pages

    Poa Questions 1

    Uploaded by

    selina fraser
    Accounting involves systematically recording all financial transactions of a business and analyzing and reporting them. External users of accounting information include government, managers, business owners, and partners. A sole trader is a type of business where one person owns the business and profits go directly to the sole owner. The key disadvantage of using computers in accounting is that staff may need training to use new software systems.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 2

    ACCOUNTS REVISION QUESTIONS

    1. Fill in the blank fields below


    ______________ is the systematic and comprehensive recording of financial transactions
    pertaining to a business, it also refers to the process of summarising, analysing and reporting
    these transactions.

    2. Select external users of accounting information


    Government
    Managers
    Business owners
    Partners

    3. _____________is an economic entity that engages in activities for financial gain or profit

    Match the types of business ownerships


    Corporation Non-profit. Sole Trader. Partnership
    -supported by shareholders

    -formed to operate a charitable service

    -one person owns the business

    -two to twenty persons owns the business

    4. In this type of business, the profits goes to the sole owner


    a. Co-Operative
    b. Corporations
    c. Partnership
    d. Sole Trader

    5. __________ is an autonomous association of persons united voluntary to meet their


    common economic, social, and cultural needs and aspirations through a jointly owned and
    democratically controlled business.

    6. ___________ is an independent legal entity owned by shareholders.

    7. Fill the blanks : Transactions, Recorded , Analyze


    When we capture business activities, we also
    Identify__________ and the___________ which would be____________ in the correct
    journal.

    8. Select the DISADVANTAGE of using computers in accounting


    a. Staff may need training
    b. Easy reporting
    c. Faster and efficient
    d. Accurate
    9. Select ALL EXTERNAL users of accounting information
    Business owners
    Partners
    Managers
    Government
    10. Select ALL INTERNAL users of accounting information
    Competitors
    Partners
    Managers
    Business owners

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy