
Fun Game
Quiz
•
English, Business, Professional Development
•
University
•
Practice Problem
•
Medium
Dinuk koumika
Used 6+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the financial statement will tell you the company's profitability?
The Statement of Financial Position
The Statement of Cashflow
The Statement of Profit or Loss & Other Comprehensive Income
The Statement of Changes in Equity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which represents the correct Accounting Equation?
Equity = Assets + Liabilities
Liabilities = Assets - Equity
Liabilities = Assets + Equity
Assets = Equity - Liability
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following will increase the net income?
Decrease in doubtful debts
Increase in depreciation
Increase in salary expenses
Decrease in interest received
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
GAAP stads for?
Generally Accepted Accounting Policies
General Advanced Accounting Principles
General Advanced Accounting Policies
Generally Accepted Accounting Principals
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Under partnership ordinance, which of the following isn't the feature of partnership?
All the profits and losses are to be shared equally.
Without the consent of all partners, no new partners could be introduced
Partners will receive 5% interest on Excess capital
Partners will receive 5% interest on loans provided
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Fitch Rating Agency has downgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CC’ from ‘C’.
Yes
No
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Egypt's Suez Canal was blocked by a ship belonging to a Taiwanese shipping company. What is the name of that ship?
Ever Given
Ever Green
Ever Ace
Ever Ace
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