BF10 4.0 Study
Flashcard
•
Business
•
9th Grade
•
Practice Problem
•
Easy
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18 questions
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1.
FLASHCARD QUESTION
Front
The accounting document that shows a business’s revenue and expenses is a/an:
Back
income statement.
2.
FLASHCARD QUESTION
Front
Kathy wants to know whether her boutique made or lost money this month. The financial document she should view is her:
Back
income statement.
3.
FLASHCARD QUESTION
Front
Isabelle owns a home cleaning business. She invoices her customer and records the transaction as soon as she finishes each home cleaning. Which type of accounting method is Isabelle using?
Back
accrual
4.
FLASHCARD QUESTION
Front
The finance activity regarding how to source income is called:
Back
acquiring funds.
5.
FLASHCARD QUESTION
Front
The Happy Toys Company Board of Directors has decided to give some of its profits from the year to its shareholders. It has decided to pay a:
Back
dividend.
6.
FLASHCARD QUESTION
Front
Cash is an example of:
Back
assets.
7.
FLASHCARD QUESTION
Front
Which represents the inflow of funds into a business? Options: cash, debt, expenses, liabilities
Back
cash
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