Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
FUHRMS: Accounting Assumptions I
Test Description: FUHRMS: Identify the accounting assumption.
Instructions: Answer all questions to get your test result.
1) Belief that a company will continue to operate for the forseeable future.
A
Going Concern
B
Matching
C
Accounting Period
D
Business entity
2) Indicates that personal and business record-keeping should be separately maintained.
A
Going Concern
B
Matching
C
Accounting Period
D
Business entity
3) The life of a business can be divided into artificial segments of time
A
Going Concern
B
Accounting Period
C
Business entity
D
Matching
4) Tracing accounting events to particular companies.
A
Business entity
B
Accounting Period
C
Going Concern
D
Matching
5) Personal transactions are not mixed with the company's transactions.
A
Going Concern
B
Accounting Period
C
Matching
D
Business entity
6) The practice of preparing financial statements at regular intervals.
A
Accounting Period
B
Business entity
C
Going Concern
D
Matching
7) Gloria Parker, MD, keeps her medical practice records separate from her personal financial records.
A
Business entity
B
Matching
C
Accounting Period
D
Going Concern
8) Business shows a 4% profit for the last three years.
A
Matching
B
Business entity
C
Accounting Period
D
Going Concern
9) Business uses a fiscal calendar for their business.
A
Going Concern
B
Accounting Period
C
Business entity
D
Matching
10) The accounting firm prepares an audit every year to make sure the records are accurate.
A
Matching
B
Going Concern
C
Business entity
D
Accounting Period
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?