ACC/FIN/110.
Accounting
CPA 2026/2027 BUSINESS
, Accounting 101 Exam
questions with correct answers
2026/2027 Edition Graded A+
Account - ✅✅A record that summarizes all the transactions
pertaining to a single item in the accounting equation.
Account balance - ✅✅The difference between the increases and
decreases in an account.
Account number - ✅✅The number assigned to an account.
Account title - ✅✅The name given to an account.
Accounting - ✅✅The process of planning, recording, analyzing, and
interpreting financial information.
Accounting clerk - ✅✅An accounting worker who processes routine
details about accounting transactions.