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Accounting

1.lWhich one of the following is not considered a liability?
A. accounts receivable
B.net value of your physical facility
C.employee benefits
D. long term debt

2.Which one of the five uses of financial information involves an assessment of whether the organization has been following the guidelines of their established budget?
1. effectiveness
2. financial condition
3. complaince
4. stewardship
5. efficiency

3.We defined five uses of financial information. Which one of the five uses of financial information involves a careful analysis of the outputs to inputs by providing outputs at the lowest cost of production?

A.financial condition

B.compliance

C.stewardship

D.efficiency

E.effectiveness

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9800281

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