Professional Documents
Culture Documents
Tegara English
First year
Chapter
Financial
Accounting 1
Groub: Faculty of Commerce English Section
& BIS Department
2) Partnership
has more than one owner
but they know each others they trust each others
شركات االشخاص مالكها اكتر من شخص وهم يعرفون بعضهم البعض وهناك ثقة متبادلة
بينهم
3) Corporations شركات االموال
has more than thousand owner مالكها اكتر من الف شخص
management separate from ownership
اداره الشركه منفصله عن مالك الشركة
They don’t know each other وهم ال يعرفون بعضهم البعض
هذا الجزء النظرى ياتى فى صوره صح وخطأ وهذا تدريب على بعض اسئلة امتحانات
First question
Determine if the following phases are true or false :
.حدد اى من العبارات االتيه " صح او خطا " بدون تعليق
11) cost principle means that assets should be recorded at market value (×)
12) accounting entity concept means that the organization has a separate entity but not
separate from its owners (×)
13) certified public accountants offer a variety of accounting service to the public )√(
14) the main purpose of the accounting system is to meet the organization needs for
accounting information as efficiency as possible )√(
15) an accounting system consists of the personnel , procedures ,device & records used
by an organization )√(
18) stable currency assumption means that the purchasing power of currency is stable
)√(
19) accrual basis means that revenue should be recorded at point of collection (×)