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ACC203

1. Who is responsible to report on the true and fair view of an organisational financial statement?

An auditor

2. All of the following but one is not a subsidiary book.

Ledger proper

3. Which of the following is not a nature of accounting?

Accounting as an art

4. Which of these is not a function of information system of an orgainisation:

Relevance

5. One of the following is not a current asset items.

Creditor

6. An inducement given to debtors for paying their debt on time is called?

Cash discount

7. All the following are branches of accounting except?

Investment

8. The concept of accounting in which the organisation is viewed as a legal entity separate from its owners is known as?

Entity concept

9. How many professional accounting bodies do we havein Nigeria?

2

10. All of the following are users of accounting information except; 

Fraudsters