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Accounting Principles Quiz

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Questions and Answers

Which term is often used as a synonym for accounting?

Economics

Management

Reporting (correct)

Finance

What is the main focus of financial accounting?

Reporting of financial transactions

Measurement and analysis of information

Preparation of financial statements (correct)

Internal use by management

Which field of accounting focuses on information for internal use by management?

Tax accounting

Financial accounting

Cost accounting

Management accounting (correct)

What is the purpose of accounting?

<p>To process information about economic entities</p> Signup and view all the answers

What are practitioners of accounting known as?

<p>Accountants</p> Signup and view all the answers

Accounting Principles Quiz

Choose a study mode

Podcast

Questions and Answers

Which term is often used as a synonym for accounting?

What is the main focus of financial accounting?

Which field of accounting focuses on information for internal use by management?

What is the purpose of accounting?

What are practitioners of accounting known as?

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