Financial statements

Financial statements

10th - 12th Grade

20 Qs

quiz-placeholder

Similar activities

Schools and Society

Schools and Society

9th - 12th Grade

20 Qs

Foods 1 - Ch 6 Practice

Foods 1 - Ch 6 Practice

9th - 12th Grade

15 Qs

Ratio analysis

Ratio analysis

12th Grade

15 Qs

Double Entry

Double Entry

11th Grade

20 Qs

12 IPA Application Letter

12 IPA Application Letter

12th Grade

20 Qs

Fundamental Review

Fundamental Review

9th - 12th Grade

16 Qs

Mixed tenses

Mixed tenses

6th Grade - University

20 Qs

Customer service

Customer service

10th - 12th Grade

20 Qs

Financial statements

Financial statements

Assessment

Quiz

Other

10th - 12th Grade

Practice Problem

Hard

Used 194+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

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

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?