N5 Accounting Income Statement inc Adjustments

N5 Accounting Income Statement inc Adjustments

4th Grade

33 Qs

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N5 Accounting Income Statement inc Adjustments

N5 Accounting Income Statement inc Adjustments

Assessment

Quiz

Other

4th Grade

Medium

Created by

Chantelle Scott

Used 16+ times

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33 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where does the following item appear?


Bad Debts

Income Statement - Gross Profit Section

Income Statement - Expenses

Income Statement - Other Income

Statement of Financial Position

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where does the following item appear?


Carriage Out

Income Statement - Gross Profit Section

Income Statement - Expenses

Income Statement - Other Income

Statement of Financial Position

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where does the following item appear?


Cash and Cash Equivalents

Income Statement - Gross Profit Section

Income Statement - Expenses

Income Statement - Other Income

Statement of Financial Position

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where does the following item appear?


Discount Allowed

Income Statement - Gross Profit Section

Income Statement - Expenses

Income Statement - Other Income

Statement of Financial Position

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where does the following item appear?


Drawings

Income Statement - Gross Profit Section

Income Statement - Expenses

Income Statement - Other Income

Statement of Financial Position

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where does the following item appear?


Employee Wages

Income Statement - Gross Profit Section

Income Statement - Expenses

Income Statement - Other Income

Statement of Financial Position

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where does the following item appear?


Equity

Income Statement - Gross Profit Section

Income Statement - Expenses

Income Statement - Other Income

Statement of Financial Position

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