is the preparation of general-purpose financial statements. a. Accounting research b. Cost accounting c. Financial accounting d. Auditing 40. This type of business offers professional skills, advice and consultations. a. Buy and sale b. Service business c. Manufacturing business d. Merchandising business 41. It is a duly registered association of persons with a common bond of interest, voluntarily joining together to achieve their social, economic and cultural needs. a. Corporation b. Parnership c. Sole proprietorship d. Cooperatives 42. It is also the body authorized by law to promulgate the rules and regulations affecting the practice of the accountancy profession in the Philippines.
Choose the letter of the correct answer
39. It is the preparation of general-purpose financial statements.
a. Accounting research b. Cost accounting c. Financial accounting d. Auditing
40. This type of business offers professional skills, advice and consultations.
a. Buy and sale b. Service business c. Manufacturing business d. Merchandising business
41. It is a duly registered association of persons with a common bond of interest, voluntarily joining together to achieve their social, economic and cultural needs.
a. Corporation b. Parnership c. Sole proprietorship d. Cooperatives
42. It is also the body authorized by law to promulgate the rules and regulations affecting the practice of the accountancy profession in the Philippines.
a. Professional Regulatory Commission c. Board of Accountancy
b. Philippine Institute of Certified Public Accountant d. Commmisson on Audit
43. It regulates the operations of all banks and business import and export activities.
a. Local Government Unit (LGU) c. Bangko Sentral ng Pilipinas (BSP)
b. Bureau of Internal Revenue (BIR) d. Securities and Exchange Commission (SEC)
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