Bookkeeping
Quiz
•
Specialty
•
10th - 12th Grade
•
Practice Problem
•
Medium
Used 79+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Refer to the resources owned and controlled by an entity and also known as properties or rights owned by the business.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Refer to economic benefits received from business activities; the amount earned in the conduct of business.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Refer to the costs incurred in the conducting business.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Refer to the economic obligations of a business entity.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It represents advanced payments from customers which requires settlement through delivery of goods or services in the future.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assets that are held for sale in the normal operations of the business.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Refer to the costs of compensation to employees for their services to the company.
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