15590/1214 Take your time and test your learning. Question 1 A service provided for those who need information about an organizations financial performance, its assets, and its liabilities Economics Law Finance Accounting Question 2 Financial Accounting includes monitory transactions only False True a 6 7 00 Question 3. Management Accounting includes factor other than monitory as well as monitory factors: True False Question 4 Management Accounting includes factors other than monitory as well as monitory factors Financial And Non Financial Financial Economic Monitory And Non Monitory Question 5. that /15590/1214 Question 5 A cash shortage has more immediate consequences than a lack of profit False True Question Revenue and costs we recognized as they are eamed or curred are matched with one another, and we dealt within the profit and loss account of the period to which they relate, respective of the period of receptor payment is known as which concept The Accounting Concept Returns Concept The Accruals Concept The Recording Concept Question 8 Conceptsx /156961214 Question 7. What is it called what the business owns are for the purpose of providing a service to the business, and not held for resale in the normal course of trading? Fixed Assets Variable Cost Assets Variable Assets Question Which one of the following might not include in the definition of wedissets Machinery Packaging Copyright Plant 2 IR ning Concepts content/15001214 Question 9 A measure of the extent to which an asset has been consumed in the given period is known as Ageing Absolute Depreciation Appreciation Question 10. The straight-line method is an accounting method used to calculate wit of the following Absolute Appreciation Ageing Depreciation