QUESTION 1 Financial accounting is oriented towards: The staff…

QUESTION 1
Financial accounting is oriented towards:

The staff working in the company

Entities external to the organization

The financial department

operations department
QUESTION 2
The accounting principle of objectivity indicates that all information recorded in the financial statements must be true, verifiable and supported by real data.
True
false
10 points
QUESTION 3
Within current assets, we have accounts such as:

Machinery

mortgages

Accounts Receivable

Shares issued by the company
10 points
QUESTION 4
The income and expenses incurred by the company within an accounting period are recorded in:

Balance sheet

Statement of cash flows

Statement of Changes in Capital Accounts

Statement of Income or Profit and Loss
QUESTION 5
The company Frijolito Saltarín Ltda. made sales on credit for a value of $400. Which accounts will be affected by posting this transaction?

The Accounts Payable account will be credited and the Temporary Investments account will be debited

The Accounts Receivable account will be debited and the Sales account will be credited

The shareholders’ Capital account will be credited and the Cash account will be debited

The Sales account will be debited and the Accounts Receivable account will be credited

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