CBA QUIZ QUEST 2024 (CBA 2B)

The debit and credit analysis of a transaction normally takes place:

The action for annulment shall be brought within ________ .

The first step in the accounting cycle is to:

Are those mediums can be seen an which occupy space.

Is the art of putting together small pieces of colored stones or glass called “tesserae” to create an image.

Condonation or remission is

Which transaction would have a net effect on increasing assets and equity?

It involves the movement of products from the point of suppliers to the point of customers.

It can be molded in various colors and shapes; it is used to make beautiful but fragile figurines.

A contract entered into in the name of another by one who has no authority or legal representation, shall be?

The manner of producing products in lowest possible costs.

The three major functional areas necessary to all organization

Those whose cause or object did not exist at the time of the transaction.

Is a granular igneous rock composed of feldspar and quarts, Usually combined with other minerals.

Advances in transport and communication have enabled companies to relocate their production facilities around the world.

An art work is common in gothic cathedrals and churches.

It is an obligation; more specifically, it is the subject matter of an obligation.

Used to describe industrialized capitalist countries on which periphery countries and semi-periphery countries depend.

What term describes the actual movement of people, as well as fantasies about moving, of mobile groups and individuals?

Economic data on the transactions and other accountable events of an entity are collected by means of:

A contract where both parties are incapable of giving consent to a contract.

The area in the organization that involves in budgeting and provision of funds.

If revenues for the accounting period total P5,000, and the expenses total P1,000, then the net income (loss) must total

It refers to the materials used in the production of products or services.

When total debit exceeds total credit in the income statement columns of the worksheet, this indicates:

Rights that are innate to every human being, irrespective of factors like race, nationality, ethnicity, or status.

Which dimension of McDonaldization refers to similarity or consistency of things such as products, settings, employee.

The financial position of the business on a given date is reported on the

Phenomenon which the principles of fast-food restaurants are increasingly dominating various aspects of global society?

This medium of art can be shaped or deformed under great pressure without breaking.

Refers to the worldwide intensification of interactions and increased movement of money, people, goods, and ideas.

It measures the efficiency of the company in converting their inputs to outputs.

Contracts entered into during are valid.

Relocation of a business process from one country to another, typically involving operational processes like accounting.

A declaration and enumeration of a person’s rights and privileges which the Constitution is designed to protect.

Means not only the delivery of money but also the performance, in any other manner, of an            obligation.

An art work is common in gothic cathedrals and churches.

Obligations arise from the following, except:

Means not only the delivery of money but also the performance, in any other manner, of an            obligation.

A condition or circumstances that puts the company superior than other companies.

The investment of cash into the business results in a/an

Describes an agreement in which one company contracts its internal activity to a different company.

One of the primary purposes of this medium of art is to fulfill man’s needs.

The difference between the cost of inputs and the value or price of outputs.

The application of scientific discoveries to the development and improvement of goods and services.

Cash is received from a client for office rental space.

What is the effect of a credit purchase of inventories?

Stage in product cycle where the product is at its peak period.

It is medium of art, a fine stone usually colored green, and used widely in ancient china.

It is a painting method done on a moist plaster surface with colors ground in water or a lime water mixture.