1. Introduction to Accounting

Which of the following are the three main types of bank transactions in accounting?

Banks and lenders use credit scores to determine which of the following?

An insurance policy is an example of which of the following types of property?

Which of the following best describes how recordkeeping helps in accounting?

Appropriate information management helps a business build a good reputation by:

Which of the following is an external user of accounting information?

Which of the following situations best represents a unilateral contract?

Entities taxed as partnerships track the equity of their owners using a(n) ______ for each owner.

Which of the following best describes a key difference between managerial accounting and financial accounting?

Most credit cards will charge you an annual fee. Which type of accounting would typically record and report such fees for a business?

Which type of business sells primarily to retailers and provides a full range of services?

Which of the following expenditures related to land should be capitalized as part of the land's cost on the balance sheet?

Equity represents a(n) ______ interest of a firm.

Which of the following is true regarding capital rationing decisions?

Which of the following is NOT considered a major expense category in financial accounting?