Financial statements

Financial statements

10th - 12th Grade

20 Qs

quiz-placeholder

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Financial statements

Financial statements

Assessment

Quiz

Other

10th - 12th Grade

Hard

Used 187+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The main source of revenue for a trading business
Sales
Dividends
Fees received
Capital

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A possible main source of revenue for service business
Fees received
Sales
Interest received
Capital

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Decrease in revenue of a trading business
Sales returns
Purchase returns
Bad debts
Drawings

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Stock at the beginning of the year
Opening Inventory
Sales
Purchases
Drawings

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Goods purchased during the year
Sales
Inventory
Purchases

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Goods returned to suppliers that decrease Cost of goods sold
Sales returns
Credit purchases
Purchase returns

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Expense on buying goods from overseas
Distribution cost
Administrative cost
Cost of Goods sold

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