Year 11 Final Examination 2017
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Questions and Answers

How many questions are there in total in the paper?

  • 10
  • 7 (correct)
  • 8
  • 5

What is the time allowed for the examination?

  • 3 hours (correct)
  • 2.5 hours
  • 4 hours
  • 2 hours

When using extra sheets of paper, what should be ensured?

  • Use any color pen for writing
  • Show clearly the question number(s) being answered (correct)
  • Do not write Name and Year Level on the extra sheets
  • Do not secure the sheets in the Answer Booklet

What is the only permissible use of a pencil?

<p>Drawing (D)</p> Signup and view all the answers

What is the primary purpose of financial accounting?

<p>To report financial information to external users (D)</p> Signup and view all the answers

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

<p>Management accounting (A)</p> Signup and view all the answers

What are practitioners of accounting commonly referred to as?

<p>Accountants (C)</p> Signup and view all the answers

What are the synonyms often used for the term 'accounting'?

<p>Accounting and financial reporting (B)</p> Signup and view all the answers

To whom does financial accounting convey an organization's financial information?

<p>External users (C)</p> Signup and view all the answers

Study Notes

Examination Details

  • There are a total of unspecified number of questions in the paper.
  • The time allowed for the examination is not specified.

Examination Rules

  • When using extra sheets of paper, the candidate's name and Centre Number should be ensured.

Accounting Basics

  • The only permissible use of a pencil is for diagrams and graphs.
  • The primary purpose of financial accounting is to convey an organization's financial information.
  • Financial accounting conveys an organization's financial information to external parties such as investors and creditors.

Management Accounting

  • Management accounting focuses on providing information for internal use by management.

Accounting Professionals

  • Practitioners of accounting are commonly referred to as accountants.

Synonyms for Accounting

  • Bookkeeping and finance are often used as synonyms for the term 'accounting'.

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Description

Test your accounting knowledge with the Ministry of Education Fiji Year 11 Final Examination 2017. This quiz challenges students to demonstrate their understanding of accounting principles and concepts within a time limit of 3 hours. Get ready to showcase your skills and ace this exam!

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