BASIC FINAL ACCOUNTS

BASIC FINAL ACCOUNTS

University

15 Qs

quiz-placeholder

Similar activities

CHAPTER 2: Financial Statements

CHAPTER 2: Financial Statements

University

10 Qs

C1-NHẬP MÔN HT KIỂM SOÁT

C1-NHẬP MÔN HT KIỂM SOÁT

University

20 Qs

Midtest Financial and money market

Midtest Financial and money market

University

20 Qs

Omnichannel Workshop 14 Dec 2022

Omnichannel Workshop 14 Dec 2022

University

11 Qs

eCommerce Quiz 2

eCommerce Quiz 2

University

20 Qs

BASIC FINAL ACCOUNTS

BASIC FINAL ACCOUNTS

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

SUPPIAH A/L RETENAM

Used 96+ times

FREE Resource

AI

Enhance your content in a minute

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

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The following are the main components of financial statements except..

Trading ac

Profit and loss ac

SOFP

Cash Book

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The following will be entered in cost of sales except

Wages to clean Office

Carriage Inwards

Custom Duties

Wages to carry goods

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is another term for sales returns of goods?

Purchase Return

Return Outwards

Return Inwards

Carriage Returns

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is another term for Purchase Return of goods?

Return Outwards

Return Inwards

Sales Return

Office return

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sales deduct Cost of sales =

Net profit/ (loss)

Gross profit

Gross (loss)/ Profit

Marginal loss

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Total net profit+Total Expenses-Other income=

Cost of sales

Gross profit/(loss)

Net sales

Purchase

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following will be examples of non current assets?

Vehicle for business use

Vehicles for resale

Inventory

Receivables

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?