Principles of Accounts Revision Quiz

Principles of Accounts Revision Quiz

9th Grade - Professional Development

20 Qs

quiz-placeholder

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Principles of Accounts Revision Quiz

Principles of Accounts Revision Quiz

Assessment

Quiz

Education, Business, Other

9th Grade - Professional Development

Medium

Created by

Amanda Brisco

Used 96+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a Balance Sheet?

A book that shows only assets.

It is a financial statement that shows the assets, liabilities, and capital of a business at a specific date.

A statement that shows liabilities and capital at a specific date.

Is a written document of a business.

2.

MULTIPLE SELECT QUESTION

1 min • 1 pt

True or False. The Balance Sheet is also known as the Statement of Financial Position.

True

False

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The most liquid asset is.....

Cash

Property

Motor Vehicle

Fittings

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How many books of original entries are there?

5

6

4

7

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Media Image

The picture above represents which format of the balance sheet?

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

True or False. The statement of financial position may be presented in one of two formats: The Horizontal or Vertical Format.

True

False

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Purchase goods on credit from Sofea.

Sales Journal

Purchase Journal

Cash Book

Purchase Return Journal

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