Ms. Wright's EBT 4.01 Exam |Question and Answer| 100% Correct

Ms. Wright's EBT 4.01 Exam |Question and Answer| 100% Correct What is one difference between an accountant and an auditor? *Ans* Auditors assess the accuracy of the firm's financial statements. Opening new checking accounts for customers, preparing certified checks for customers, and processing college loan applications are classified as which type of activity? *Ans* Banking Bernice has a job sending bills to customers and recording their payments. Bernice's job is an example of which type of career? *Ans* Accounting John works buying and selling stocks and bonds for his customers. John's job is an example of which type of career? *Ans* Finance What is one difference between an investment counselor and a stock broker? *Ans* Investment counselors recommend all types of investments for clients. Recording payments made on account, preparing balance sheets, and preparing a quarterly income tax report are classified as which type of activity? *Ans* Accounting Counseling customers who want to buy corporate bonds, selling life insurance, and analyzing company spending and savings plans are classified as which type of activity? *Ans* Finance Checking the company financial records for accuracy, printing monthly paychecks for employees, and preparing an Income Statement are classified as which type of activity? *Ans* Accounting What is one difference between a bookkeeper and an accountant? *Ans*