Passage Reading and English Comprehension

Read the following passage below and answer the following questions

Accounting is the language of the business. Corporations need to communicate their results to the world. Their audience includes employees, investors, creditors, customers, suppliers and communities. Within the company, accounting information provides a means to control, evaluate and plan operations. Whatever the audience or function, accounting is numbers. Accountants "count the beans" so that the business activity can be recorded, summarized and analysed. Accountants have been around from the beginning of time and professors don't let you forget it. In biblical times the accountants kept track of how much grain was stored in the communitie's silos. How do you think King Solomon knew that there was only a thirty-day supply of grain during a drought? It was from the accountants. Throughout the ages accountants have kept track with their fingers, abacusses and calculators. In modern times accounting has gone beyond the physical count of grain in storage to complex accounting activities.

569. Accounting in different forms has been around since the times of

	(a) Biblical times
	(b) King Solomon
	(c) Britishers
	(d) Abacusses

570. Accounting is need to communicate ----- to the world

	(a) Company news
	(b) news
	(c) Company results
	(d) Company status

571. Internally, accounting is essential for planning and -----

	(a) Business
	(b) News
	(c) Control
	(d) Summary

572. Accounting is a ------ method of summarising and analysing business

	(a) Numerical
	(b) Statistical
	(c) Mathematical
	(d) Rational

573. Accounting primarily deals with

	(a) People
	(b) Statistics
	(c) Investors
	(d) Numbers

TOTAL

Detailed Solution

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