PART
A
1. In
general terms, what is the purpose of
accounting?
The purpose of accounting is to record measures the activity of a business
and reports on the effects
of transactions on the firm’s financial condition.
2.
Who
uses the data which is provided by accounting records?
The data which is provided by accounting records is used by management,
stockholders, creditors, independent analysts, banks and government.
3. What are the two types of
records that are prepared by most business?
The income statement and balance sheet.
4. What can one learn by analyzing
the income statement and balance sheet of a
company?
By analyzing these records, one can determine whether or not the activities
of the company have been good for it.
5. What is ratio analysis used for?
It is used for evaluating a company’s current financial position.
PART
B
1.
Record
2.
Report
3.
Profit
4.
Report
5.
Record
6.
Record
7.
Report
8.
Profit
PART
C
1. Assets
2. Depreciation
3. Loan
4. Interest
5. Capital
6. Drawing
7. Shares
8. Goodwill
9. Acquisition
10. Audit
11. Budget
12. Balance
sheet
13. Ledgers
14. Discount
15. Creditor
16. Stock
17. Debtors
18. Balance
19. Profit
20. Loss
Tidak ada komentar:
Posting Komentar