Telegram group: T.me/BBCNOUN Email: bbcnoun@gmail.com Whatsapp: 08131667008 [ACC203] Accountants use Generally Accepted Accounting Principles (GAAP) to make the financial information communicatednI. relevantnII. reliablenIII. comparablenIV profitable I, II and III [ACC203] Which of the following users assesses the attractiveness of investing in a business? Financial analysts [ACC203] Which of the following principles assumes that a business will continue for a long time? Going concern [ACC203] Which of the following describes the practical framework of bookkeeping? Classifying, recording and summarizing [ACC203] One of the accounting principles is Double entry system [ACC203] The process of accounting is needed to:nI. take a holidaynII. assist in decision makingnIII. invest in start up of a businessnIV. keeping track money spent II, III and IV [ACC203] Which of the following jobs dfunction check accounting in ledgers and financial statements? Audit [ACC203] Which of the following highlights the correct order of the stages in the accounting cycle? Journalizing, posting to the ledger, trial balance and final accounts [ACC203] The father of book keeping is Lucas Pacioli [ACC203] The maintenance and recording of the books of accounts in a systematic manner similar to procedures in a laboratory make accounting A science