NOCTI-EOPA REVIEW 1
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KG - University
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19 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
money a business earns above and beyond the money that it spends for salaries and other expenses
price
product
profit
increase
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
books in which financial records are written
checking account
ledger
trial balance
bank statement
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a summary of all the financial data in the account ledgers that ensures the figures are correct and balanced
credits
losses
ledger
trial balance
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a yearly statement of the financial condition, progress, and expectations of an organization.
annual report
trial balance
summary statement
bank account
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a financial statement showing revenue, expenditure and profit during a given period
account summary
bank account
profit and loss account
credits and debits
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a financial statement showing revenue, expenditure and profit during a given period
P&L Account begins with
PB&J Account begins with
P&L Account ends with
PB&J Account ends with
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
earnings (= profit / the bottom line)
P&L Account begins with
PB&J Account begins with
P&L Account ends with
PB&J Account ends with
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