Accounting Fundamentals Quiz
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Questions and Answers

What is accounting?

  • The process of recording financial transactions (correct)
  • The process of designing buildings
  • The process of creating music albums
  • The process of analyzing poetry
  • What is an accounting system?

  • A method for growing plants
  • A technique for painting portraits
  • A strategy for training animals
  • A structured process for recording financial transactions (correct)
  • What are accounting standards?

  • Regulations for constructing buildings
  • Principles for writing novels
  • Rules for playing musical instruments
  • Guidelines for preparing and presenting financial statements (correct)
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