Module 7 Post Test

It refers to a government fees paid or incurred.

 

 

•   A. insurance expense 

•   B. rent expense   

   

•   C. salaries expense

   

• D. taxes expense

   

It is an income derived from transportation services provided to others.

 

•   A. commission income 

•   B. fare income   

• C. rent income

   

• D. service income

It is an income amount earned for lending money.

 

•   A. commission income 

•   B. interest income 

• C. rent income

• D. service income

It includes promotional expenses in connection with the propagandizing of the products.

 

• A. advertising expense 

• B. depreciation expense   

• C. rent expense

        

• D. supplies expense

It is an expense incurred/paid for the use of space for the office, store, shop area.

  

• A. advertising expense 

•   B. depreciation expense   

• C. rent expense

   

• D. supplies expense

   

It is an income derived by insurance businesses, real estate brokers, etc.

 

• A. commission income 

• B. fare income   

• C. rent income

   

•     D. service income

It is the annual portion of the cost of a tangible asset such as buildings, machinery, and equipment charged as the expense for the year.

 

• A. advertising expense 

•        B. depreciation expense   

• C. rent expense

        

• D. supplies expense

The money that the company spends or consumed to produce the goods or services that it sells.

 

• A. commission income 

•   B. expenses   

• C. income

   

• D. professional fee

It is the amount or value a business receives from selling its goods or services.

 

• A. commission income 

•   B. expenses   

• C. sales income

   

• D. professional fee

It is an expense amount incurred/paid for the services rendered by employees in the business.

 

• A. insurance expense 

•   B. rent expense   

• C. salaries expense

   

• D. taxes expense