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PRELIM EXAMINATION
Fundamentals of Accountancy, Business and Management 1 SCORE
Name : Grade & Section:
Subject Teacher: Date:
I. Answer the following directly. Use separate sheet if necessary. (10 points each)
1. What is accounting?
4. What are the different types of business organization? Describe the scope of each branch
briefly.
5. What are the types of business according to business activity or operation? Give
examples of each type.
II. Find the missing amounts. Show your computation using the Accounting Equation.