(A) Proprietorship
(B) Ownership
(C) Industrialist
(D) Proprietor

(A) All management functions
(B) Controlling functions
(C) Coordinating management functions
(D) None of these

(A) Record economic data
(B) Provide informational basis for action
(C) Classify and record business transactions
(D) All of the above

(A) Purchases
(B) Merchandise
(C) Goods/Inventory
(D) All of the above

(A) Notes Receivable
(B) Accounts Receivable
(C) Amount Receivable
(D) Discount Receivable

(A) Goods transactions
(B) Service transactions
(C) Business transactions
(D) Credit transactions

(A) One accounts
(B) Two accounts
(C) Three Accounts
(D) None of these

(A) Single entry system
(B) Double entry system
(C) British system
(D) None of these

(A) Accounting
(B) Recording
(C) Journalizing
(D) Bookkeeping

(A) Primary information
(B) Secondary information
(C) Final information
(D) None of these