نشاط لغة أجنبية رقم 01
نشاط لغة أجنبية رقم 01
نشاط لغة أجنبية رقم 01
Answer the following statements true (T) or false (F) with an explanation of the erroneous
sentences in briefly(answer all questions).
1. The three steps in the accounting process are identification, recording, and
communication.
2. Bookkeeping encompasses all steps in the accounting process.
3. Accountants prepare, but do not interpret, financial reports.
4. The two most common types of external users are investors and company officers.
5. Managerial accounting activities focus on reports for internal users.
6. Accountant’s ability to analyze and forecasting the data and reported information
in financial statement.
7. Accounting is recording transactions or business deals, such as purchases and sales,
and auditing them in the form of financial statements.
8. Management information system is the process of recording financial transactions
and keeping financial records.
9. Financial accounting is internal decision makers use information provided about
operating, investing, and financing activities.
10. Accountants focus on the needs for financial information, whether the decision
makers are inside not outside a business or other economic entity
Activity 02:
4.As of December 31, 2017, Chehaoui Company has assets of $3,500 and owner’s equity
of $2,000. What are the liabilities for Chehaoui Company as of December 31, 2017?
6.The accounting equation they have two sides of the equation must always be
……………….
7.its obligations are amounts owed to suppliers for goods or services bought on credit
accout……………….