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Master Degree Quiz

Purchases of machinery entered in the purchases account is an example of an error of:

Which of the following is not a reason for providing for depreciation of fixed assets?

Which of the following is not a reason why the bank statement balance and the bank balance on the cashbook may not be the same after the cashbook has been updated for items found on bank statement?

Which of the following is not an advantage of maintaining control accounts for personal ledgers?

Keeping the same depreciation policy even if it may not give a realistic asset value at the year end is an example of:

Which of the following items would not be found in a purchases ledger control account?

Most accounting positions require a bachelor's degree in accounting or a related field or ......... combination of education and experience.

Many companies want graduates with a master's degree in accounting, or a master's degree in business administration with ......... in accounting.

Some schools offer students a chance for hands-on experience with part-time ......... programs in accounting or commercial firms.

Accountants help make sure that a firm is run efficiently, that its records are maintained accurately, and that its taxes are paid properly and in a ......... manner.

Tagged as: control account, control account, accounting
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