Accounting and Math

Question 1

People or Agencies who are in NEED of Accounting to seek answers to their questions and bases for important decisions.

Answer 1

Business Owners, Management, Prospective Investors, Creditors, Employees, Government

Question 2

Systematic process of measuring and reporting
relevant financial information about the activities of
an economic organization or unit, Its purpose is to provided financial information, “the language of business”

Answer 2

Accounting

Question 3

Stage 1, Business transactions are recorded systematically and chronologically in the proper accounting books

Answer 3

Recording/Bookkeeping

Question 4

Type of bookkeeping that shows only the debit or credit of each transaction

Answer 4

Single Entry

Question 5

Type of bookkeeping that reflects the two-fold effects of business transaction. It shows both credit and debit.

Answer 5

Double Entry

Question 6

Stage 2, Items are sorted and grouped.
Items may be classified as:
* Asset account
* Liability accounts
* Capital accounts
* Income accounts
* Expense accounts

Answer 6

Classifying

Question 7

Stage 3, Data recorded are summarized through financial statements.
* These reports are submitted to management at the end of each accounting period or as the need arises.

Answer 7

Summarizing

Question 8

Stage 4, Due to technicality of accounting reports, the accountant’s interpretation of the financial statement is needed. Analyses are submitted together with financial statements.

Answer 8

Interpreting

Question 9

sin

Answer 9

0, 1/2, (2)/2, (3)/2, 1

Question 10

cos

Answer 10

1, (3)/2, (2)/2, 1/2, 0

Question 11

tan

Answer 11

0, (3)/3, 1, (3), undefined

Question 12

cot

Answer 12

undefined, (3), 1, (3)/3, 0

Question 13

sec

Answer 13

1, 2(3)/3, (2), 2, undefined

Question 14

csc

Answer 14

undefined, 2, (2), 2(3)/3, 1