Email: bbcnoun@gmail.com Whatsapp: 08131667008 ACC203 Question: is a branch of accounting that uses different quantitative analysis tools to project for the future of an organisation Answer: Management accounting Question: Auditing‭ ‬ Answer: is an independent examination of the books of accounts, records and financial statement of an organisation by an independent person called an auditor Question: Drawings is Answer: is the amount of money taken from business purse for personal use Question: Financial statements will not make any meaning to many people without Answer: Accountants Question: The essence of internal control mechanism is to Answer: all of the above Question: One of the following is not a function of an accountant Answer: Ensuring business makes profits Question: Profit or loss of an organisation during a particular period is ascertained from Answer: Financial Statement of the business Question: The external auditing service provided by accountants is to Answer: ensure that complete and reliable financial statements Question: One of the accountant functions is to safeguard the assets of an organisation through Answer: all of the above Question: There are two professional accounting bodies in Nigeria Answer: TRUE Email: bbcnoun@gmail.com Whatsapp: 08131667008