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Quiz Answer Keys for ACC 211 Prelims

This document provides answer keys for multiple quizzes in an accounting course. It lists the questions and correct answers for Quiz 2 and Quizzes 3-5. For Quiz 2, the answers relate to accounting concepts like the functions of management, types of financial reports, and principles of accounting information systems. Quizzes 3-5 cover additional topics tested in multiple choice question format.

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157 views2 pages

Quiz Answer Keys for ACC 211 Prelims

This document provides answer keys for multiple quizzes in an accounting course. It lists the questions and correct answers for Quiz 2 and Quizzes 3-5. For Quiz 2, the answers relate to accounting concepts like the functions of management, types of financial reports, and principles of accounting information systems. Quizzes 3-5 cover additional topics tested in multiple choice question format.

Uploaded by

Alta Sophia
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Answer keys for quizzes – PRELIMS, acc 211

QUIZ 2 – Enumeration (Yellow Pad) QUIZZES 3 – 5 (Book)


Questions: Quiz No. 1
1–4 Functions of Management
5–8 Types of Managers A.
9 – 15 Users of the Financial Statements 1. C
16 – 20 Financial Reports in Accounting 2. B
21 – 25 Fundamental system principles of an 3. X
Accounting Information System 4. N
5. H
Answers: 6. D
1. Planning 7. Q
2. Organizing 8. P
3. Directing and controlling 9. J
4. Decision-making 10. F
5. Production 11. Y
6. Marketing 12. K
7. Sales 13. G
8. Finance 14. R
9. Employees 15. V
10. Investors/Owners 16. T
11. Suppliers 17. W
12. Lenders 18. L
13. Customers 19. O
14. Government 20. Z
15. Managers
16. Tax Reports B.
17. Financial Statements (General-purpose) 1. P
18. Special Reports 2. C
19. Managerial Reports 3. S
20. Bonus 4. C
21. Cost-benefit 5. S
22. Relevance 6. C
23. Flexibility 7. C
24. Compatibility 8. S
25. Control
C.
1. F
*** For #5 – 8, another possible answer would be the personnel 2. E
manager 3. G
4. B
5. C
6. D
7. A

Page 1 of 2
Answer keys for quizzes – PRELIMS, acc 211

1. I
Quiz No. 2 2. E
3. G
A. 4. D
1. Language 5. A
2. Partners 6. K
3. Investors 7. B
4. Profit 8. F
5. Income statement 9. H
6. Equity/net worth 10. J
7. Computer
8. Journal B.
9. Revenues 1. E
10. Statement of cash flows 2. B
11. Solvency 3. D
12. Managerial report 4. A
13. Computer 5. C
14. Computer
15. Internal control
16. Summa de Aritmetica
17. Liquidity
18. Employees
19. Efficiency
20. Income statement

B.
1. F
2. D
3. B
4. C
5. E
6. A

C.
1. E
2. E
3. B
4. D
5. A
6. F

Quiz No. 3

Page 2 of 2

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