FABM quiz

FABM quiz

12th Grade

39 Qs

quiz-placeholder

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FABM quiz

FABM quiz

Assessment

Quiz

Other, Business

12th Grade

Practice Problem

Medium

Created by

Cristalyn Boongaling

Used 66+ times

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39 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

It is the systematic process of measuring and reporting relevant financial information about the activities of an economic organization or unit.

business math

accounting

journal entries

recording

2.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Choose all accounts that can be seen in Statement of Financial Position.

Assets

Liabilities

Drawings

Income

Capital

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Most liquid asset

inventories

land

cash

building

4.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

Choose all non current assets below:

land

furniture and fixtures

inventories

marketable securities

equipment

5.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

Choose all current liabilities below:

mortgage payable

accrued liabilities

accounts payable

bonds payable

unearned revenues

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It represents the withdrawals made by the owner of the business in cash or other assets.

drawings

cash

atm

cash withheld

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

These are economic resources owned by the business expected for future gain.

liabilities

income

assets

capital

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