
9.1-9.2 Quizizz
Authored by Lauren D'Amico
Life Skills
9th - 12th Grade
Used 5+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two main financial statements for a sole proprietorship?
Income Statement and Balance Sheet
Income Statement and Cash Flows
Balance Sheet and Changes in OE
Balance Sheet and Cash Flows
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is NOT a section of the income statement?
Beginning Capital
Expenses
Net Income
Revenue
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which question is NOT answered in the heading?
Who?
What?
When?
Where?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The information needed to prepare the income statement comes from
the balance sheet
the general ledger
the income statement section of the worksheet
the trial balance section of the worksheet
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If revenue exceeds expenses, the company has a
net loss
net income
fiscal security
none of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Reports prepared to summarize changes resulting from business transactions that occur during an accounting period are called
transaction summaries
business statements
financial indicators
financial statements
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To prepare a statement of changes in owner's equity, you need to know
the owner's name
the date the company started
the beginning balance in the capital account
the address of the company
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