Nobody – The Turnaround – All Accountant/Accounting Exam Answers

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All Answers for Accountant/Accounting Exam

1.“Gross profit” refers to

  • C. Sales revenue minus sales cost.

2.Company A finds out it’s missing one machine during property inventory. This should be accounted under?

  • B. Non-operating expenses

3.The principle of “parallel accounting” can be summed up as?

  • D. Matching amount

4.Which of the following is not part of accounting standards?

  • C. Comparable.

5.Which of the following doesn’t belong to purchase cost?

  • D. Agent travel.

6.Which of the following is a legitimate account?

  • D. Raw materials.

7.Which of the following should be accounted under product cost?

  • D. Manufacturing

8.Based on what do accountant record and verify transactions of corporations / governments / institutions?

  • B. Monetary unit.

9.The fundamental role of accountants is?

  • C. To record and verify.

10.Which of the following does not belong to period cost?

  • A. Manufacturing cost.
Egor Opleuha
About Egor Opleuha 795 Articles
Egor Opleuha, also known as Juzzzie, is the Editor-in-Chief of Gameplay Tips and writer on Game Cheat Codes. He is a writer with more than 12 years of experience in writing and editing online content. His favorite game series was and still is the legendary Heroes of Might and Magic saga. And the third part of HOMM is his favorite! He prefers to spend all his free time playing retro games / indie games. When not immersed in games, Egor plays guitar, enjoys cooking and fishing.

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