← SetsFundamentals of Accountancy — Set 3
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Fundamentals of Accountancy Practice Questions — Set 3
10 free Fundamentals of Accountancy reviewer questions with answers and explanations. Pindutin ang sagot mo para makita agad kung tama — kasama na ang paliwanag. Set 3 of 5.
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A business owner withdraws ₱10,000 cash for personal use. What is the correct journal entry?
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What is the 'Going Concern' principle?
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Which of the following is an example of an 'Accrued Expense'?
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What is the normal balance of the 'Sales Discount' account?
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What is 'Depreciation' in accounting terms?
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Which of the following accounts is a 'Temporary Account' that must be closed at the end of the period?
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A company has a beginning inventory of ₱50,000, purchases of ₱200,000, and ending inventory of ₱30,000. What is the Cost of Goods Sold (COGS)?
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What is the 'Prudence' or 'Conservatism' principle in accounting?
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Which of the following is an example of an 'Internal User' of accounting information?
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