Basic Accountancy at Central Philippine University | Flashcards & Summaries

Lernmaterialien für Basic Accountancy an der Central Philippine University

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The father of accounting
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Luca pacioli
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An accountant use expressing his opinion as the fairness of the presentation of the financial statement of the enterprise. This are count engage
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Financial accounting
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Which of these is not included as a separate item in the basic accounting equation
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Revenue
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The analytical phase of accounting involves giving meaning to the amounts ,ratios ,trends other information derived from the financial statement is
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Interpreting
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Accounting is a service activity this accounting definition is given by
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Accounting standards council (ASC)
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It is the accounting standard setting body in the philippines at the present
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Financial reporting standards council (FRSC)
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A fundamental principle in the code of professional accountants that states that "a professional accountant should be straightforward and honest in performing professional service "is
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INTEGRITY
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A fundamental principle in code of professional accountant that states "A should not allowed bias ,conflict of interest or influence of others to override professional or business judgments
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OBJECTIVE
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A service activity that function which is to provide quantitative information, primarily financial in nature ,about economic entities ,that is intended to be useful in making economic decision is
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ACCOUNTING
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Accounting working in the government are involved in
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Government accounting
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A business firm classified as to nature that purchase raw, materials, convert them into finished product is
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MANUFACTURING
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Principle stating that cost and expenses incurred in learning the revenue shall be reported in the same period
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Matching principle
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Beispielhafte Karteikarten für deinen Basic Accountancy Kurs an der Central Philippine University - von Kommilitonen auf StudySmarter erstellt!

Q:
The father of accounting
A:
Luca pacioli
Q:
An accountant use expressing his opinion as the fairness of the presentation of the financial statement of the enterprise. This are count engage
A:
Financial accounting
Q:
Which of these is not included as a separate item in the basic accounting equation
A:
Revenue
Q:
The analytical phase of accounting involves giving meaning to the amounts ,ratios ,trends other information derived from the financial statement is
A:
Interpreting
Q:
Accounting is a service activity this accounting definition is given by
A:
Accounting standards council (ASC)
Mehr Karteikarten anzeigen
Q:
It is the accounting standard setting body in the philippines at the present
A:
Financial reporting standards council (FRSC)
Q:
A fundamental principle in the code of professional accountants that states that "a professional accountant should be straightforward and honest in performing professional service "is
A:
INTEGRITY
Q:
A fundamental principle in code of professional accountant that states "A should not allowed bias ,conflict of interest or influence of others to override professional or business judgments
A:
OBJECTIVE
Q:
A service activity that function which is to provide quantitative information, primarily financial in nature ,about economic entities ,that is intended to be useful in making economic decision is
A:
ACCOUNTING
Q:
Accounting working in the government are involved in
A:
Government accounting
Q:
A business firm classified as to nature that purchase raw, materials, convert them into finished product is
A:
MANUFACTURING
Q:
Principle stating that cost and expenses incurred in learning the revenue shall be reported in the same period
A:
Matching principle
Basic Accountancy

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