Exercise 3, p. 14 Circle the best answer to each question. A. Which of the following statements does not fit the job title? An accounting clerk verifies source documents. An accounting clerk ensures that the ledger balances. V An accounting clerk works neatly to guard against errors. An accounting clerk studies tax bulletins to keep up to date.V B. Which of the following statements does not fit the job title: a. An accounting clerk works out accounting entries. . An accounting clerk, together with the owner, compares this year's and last year's income statements. C. An accounting clerk uses software to record accounting entries. d. An accounting clerk inquires about a suspected error made by the bank. C. Which of the following statements does not fit the job title? a. An accountant is a professional person. b. An accountant has a broad knowledge of accounting. c. An accountant ensures the accuracy of the payroll cheques. d. An accountant discusses the business's cash flow with the owners.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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professional
accountant
Exercise 3, p. 14
A
r accounting clerk studies tax bulletins to keep up to date.
B. Which of the following statements does not fit the job title?
a. An accounting clerk works out accounting entries.
n accounting clerk, together with the owner, compares this year's and last year's
income statements.
C. An accounting clerk uses software to record accounting entries.
d. An accounting clerk inquires about a suspected error made by the bank.
C. Which of the following statements does not fit the job title?
a. An accountant is a professional person.
b. An accountant has a broad knowledge of accounting.
c. An accountant ensures the accuracy of the payroll cheques.
d. An accountant discusses the business's cash flow with the owners.
Chapter I Accounting and Business
Transcribed Image Text:professional accountant Exercise 3, p. 14 A r accounting clerk studies tax bulletins to keep up to date. B. Which of the following statements does not fit the job title? a. An accounting clerk works out accounting entries. n accounting clerk, together with the owner, compares this year's and last year's income statements. C. An accounting clerk uses software to record accounting entries. d. An accounting clerk inquires about a suspected error made by the bank. C. Which of the following statements does not fit the job title? a. An accountant is a professional person. b. An accountant has a broad knowledge of accounting. c. An accountant ensures the accuracy of the payroll cheques. d. An accountant discusses the business's cash flow with the owners. Chapter I Accounting and Business
Date
CHAPTER I REVIEW EXERCISES (continued)
Exercise 3, p. 14 (continued)
D. Which of the following statements does not fit the job title?
a. An accountant talks about revising a spreadsheet model.
b. An accountant investigates the credit rating of a new customer.
c. An accountant is promoted to vice-president.
d. An accountant is ill; a meeting with the bank manager has to be cancelled.
E. Which of the following statements does not fit the facts about computers?
a. The computer is an ideal machine for use in an accounting environment.
b. The computer can handle large quantities of data.
c. The computer produces better profit figures.
d. The computer can provide information for management very quickly.
Exercise 4, p. 15
A. to C. Write your report on a separate sheet of paper and attach to. your Workbook.
COMMUNICATE IT (page 15)
Attach a printed copy of your email to your Workbook.
Transcribed Image Text:Date CHAPTER I REVIEW EXERCISES (continued) Exercise 3, p. 14 (continued) D. Which of the following statements does not fit the job title? a. An accountant talks about revising a spreadsheet model. b. An accountant investigates the credit rating of a new customer. c. An accountant is promoted to vice-president. d. An accountant is ill; a meeting with the bank manager has to be cancelled. E. Which of the following statements does not fit the facts about computers? a. The computer is an ideal machine for use in an accounting environment. b. The computer can handle large quantities of data. c. The computer produces better profit figures. d. The computer can provide information for management very quickly. Exercise 4, p. 15 A. to C. Write your report on a separate sheet of paper and attach to. your Workbook. COMMUNICATE IT (page 15) Attach a printed copy of your email to your Workbook.
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