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Minigame Tacn U21

The document consists of a series of questions and answers related to financial and management accounting, tax obligations, and related concepts. It covers topics such as the purpose of financial accounting, the necessity of income tax returns for citizens, and the role of management accounting in supporting business decisions. Additionally, it defines key terms like assumptions and interpretation in the context of accounting.

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Mai Phương Lê
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2 views2 pages

Minigame Tacn U21

The document consists of a series of questions and answers related to financial and management accounting, tax obligations, and related concepts. It covers topics such as the purpose of financial accounting, the necessity of income tax returns for citizens, and the role of management accounting in supporting business decisions. Additionally, it defines key terms like assumptions and interpretation in the context of accounting.

Uploaded by

Mai Phương Lê
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1.

“ Financial accounting provides information mainly for internal


reporting” is true or false?
A. true
B. false
→ False
2. Who usually uses financial accounting information?
A. investors
B. Government agencies
C. Managers
D. All of the above
→D
3. Every citizen is required to file __ annually.
A. income tax
B. income tax returns
C. balance sheet
D. invoices
→B
4. “Income tax returns are required for __.
A. only companies
B. only individuals
C. every citizen
D. tax authorities
→C
5. Which type of accounting ensures that companies comply with
government regulations?
A. Financial accounting
B. Management accounting
C. Tax accounting
D. Audit accounting
→C
6. Management accounting information is designed to assist the
management in __
A. setting the company’s overall goals
B. evaluating the performance of departments and individuals
C. deciding whether to introduce a new line of products or not
D. all of the above
→D
7. Something that you can accept as true without question or proof.
→ Assumptions.
8. __ involves the development and interpretation of accounting
information intended specifically to assist management in running the
business.
A. Tax accounting
B. Auditing
C. Management accounting
D. Cost accounting.
→C
9. If you have not signed a contract, you are under no __ to pay them any
money.
A. attitude
B. obligation
C. success
D. judgment.
→B
10. Tax planning means __ the “tax effects” of business transactions and
structuring these transactions in a manner that will minimize the income tax
burden.
A. analyzing
B. satisfying
C. anticipating
D. evaluating.
→C
11. An explanation or opinion of what something means.
→ Interpretation.

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