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The inventor of double-entry system.

Select one:
a. Napoleon Bonaparte
b. Amanito Manucci
c. Luca Pacioli
d. Jacques Savary

Question 2
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Which of the following can be a partner's contribution to the partnership?

Select one:
a. Services
b. All of these
c. Properties
d. Money

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If the finished product is the output, the term inputs refers to

Select one:
a. Labor
b. Overhead
c. Materials
d. All of these

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Selling of plant assets is what category of business activity?

Select one:
a. Investing activities
b. Merchandising
c. Manufacturing
d. Operating activities

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Following are operating activities except

Select one:
a. Payment of income taxes
b. Receipts of dividends
c. Payment of interest
d. Payment of dividends

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Ten accountants formed a business for the practice of accountancy. Their business is proprietorship.

Select one:
True
False

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A business' most liquid asset is

Select one:
a. Receivable
b. Non-cash assets
c. Goodwill
d. Cash

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Jollibee is a merchandising type of business.

Select one:
True
False

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Primary users of financial accounting information include the following except

Select one:
a. Employees
b. Prospective investors
c. Owners
d. Managers

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All kinds of business organization should register a business name with

Select one:
a. Bureau of Internal Revenue
b. Securities and Exchange Commission
c. None of these
d. Department of Trade and Industry