1) It is the process of IDENTIFYING, RECORDING, and COMMUNICATING economic events of an organization to interested users a) auditing b) marketing c) accounting d) financing 2) The process of accounting that involves in selecting economic events that are relevant to a particular business transaction a) communicating b) recording c) identifying d) summarizing 3) The process of accounting that involves in keeping a chronological diary of events that are measured in pesos. a) communicating b) recording c) identifying d) summarizing 4) These are all nature of accounting except one. a) accounting is a service activity b) accounting is a process c) accounting is a means of communicating information d) accounting is both an art and discipline 5) This branch of accounting deals with developing future accountants by creating relevant accounting curriculum a) government accounting b) tax accounting c) accounting education d) accounting research

accounting 101

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