User:Bkabuatiwiki/Sandbox/Quizzes

Accounting Concept Challenge

Select the best words to complete the sentence

Complete by filling in the missing words and selecting the correct accounting terms

• Accounting Concepts is also known as Accounting Principles and is can be defined as Standard of Rules
• Accounting Entiy is one example of the Accounting Concepts
• Another example of an Accounting Concept related to time period is Accounting periods
• Accounting Concept that standardises money value of all Assets and Liabilities of a Business is called Monetary Concept

Quizz Exercise 2

Complete the sentence

Select the best word to complete the sentences below

• Accounting standards, rules or guidelines also refer to the Accounting Concepts
• Accounting Entity Concepts is one example Accounting Concepts that relates to the Business's Continuity life periods

True and False Exercise

True false question

Select the best choice True or False:

• Accounting Period is Accounting concept that states Business life is divided into equal periods of time
  • True
    • Correct/ Well done
  • False
    • Incorrect. The correct answer is True

Multiple Choice Exercise

Accounting Concept

Choose the best option from the possible list shown.

• Which of the following is an example of Accounting Concets, selec all that apply.
  • Accounting Entity
    • Correct. Well done
  • Accounting Period
    • Correct. Well done
  • Continuity Concepts
    • Correct. Well done
  • Owner Equity
    • Incorrect. Try again