
Cash Versus Profit
Authored by Vicki Baron
Other
11th Grade
Used 13+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a Cash inflow but not a Revenue
Cash Sales
Credit Sales
Capital Contribution
Purchase of a Non Current Asset
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following items would decrease profit but not impact cash
Wages
Rent
Advertising
Supplies used
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The business has generated a Net Profit but suffered a cash deficit. Which reason does not support this
Credit Fees < Receipts from Accounts Receivable
Materials Used<Purchases for Materials
Receipts from Accounts Receivable < Credit Fees
Capital Contribution
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
(NCFOA) and a NP - which item does not support this
Credit Fees < Receipts from Accounts Receivable
Expenses Incurred > Expenses Paid
Materials Used< Purchases of materials
GST Paid > GST Received
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which example is a NCFOA but not an expense or revenue
Purchase of a Computer
Drawings of Cash
Sale of Computer
None of the Above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following items would not appear under Financing Activities
Loan repayment
Drawings of materials
Capital
Loan received
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following would not be reported under Investing Activities
Purchase of a Van
Sale of a Van
GST paid on the Van
Non of the above
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