EPPD1033 7. The following is a service performed by a public accountant EXCEPT: A. Prepare a budget B. Audit the financial statements C. Make tax planning D. Consultation. 8. Financial accounting provides accounting information for all the following EXCEPT A. Business creditors B. Investor C. Management D. Other creditors 9. The final step in resolving the ethical dilemma of accountants is: A. Identify and analyze the principles in dilemma situations B. Identify and determine situations that drive dilemmas C. Identify alternative options and analyze the impact of each alternative on stakeholders D. Identify ethical issues involved Ethics is a code of conduct by which one's actions are judged as: A. Right or wrong B. Honest or dishonest C. Fair or unfair D. All of these 10. Double entry is: l Systems that record transactions in two different accounts. Il An entry is included on the debit, and one on the credit side. Ill The debit part shows an increase in accounts. IV The credit part shows a reduction in the account 11. A. I, II, III and IV B. I and II C. III and IVv D. II, I1I and IV Recording process for transactions using double entry system: A. Only two accounts will be involved in each transaction. 12. B. The number of account with debit side must equal to the number of account with credit side. C. The recording must in D. The amount of the debit side must equal to the amount of the credit side