Accounting Statements

Accounting Statements

Professional Development

9 Qs

quiz-placeholder

Similar activities

Household Budget & Money Management

Household Budget & Money Management

Professional Development

10 Qs

Choose the most suitable ratios!

Choose the most suitable ratios!

KG - Professional Development

10 Qs

BIR RDO 27, PICPA NMMC & PAMA Tax Awareness Quiz

BIR RDO 27, PICPA NMMC & PAMA Tax Awareness Quiz

Professional Development

10 Qs

BSI - Cash Management

BSI - Cash Management

KG - Professional Development

9 Qs

FR Exam Prep 31 May

FR Exam Prep 31 May

Professional Development

5 Qs

Bookkeeping

Bookkeeping

Professional Development

10 Qs

Profit & Loss

Profit & Loss

Professional Development

11 Qs

Investing in the Stock Market Basics

Investing in the Stock Market Basics

Professional Development

10 Qs

Accounting Statements

Accounting Statements

Assessment

Quiz

Mathematics

Professional Development

Hard

Created by

Mariel Mar

Used 3+ times

FREE Resource

9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

To show how successfully your business performed during a period, you would report its revenues and expenses in the

balance sheet.     

statement of cash flows

income statement

retained earnings statement

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

These are resources managed and controlled by the entity as a result of past transactions or events.

assets    

. liabilities

equity    

revenue

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

.Which of the following financial statements reflect the operating performance of the company?

income statement

statement of changes in equity       

balance sheet

cash flow statement

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The primary purpose of the statement of cash flows is to

provides information about the investing and financing activities during a period.

prove that revenues exceed expenses if there is a net income.

provides information about the cash receipts and cash payments during a period.

facilitate banking relationships.

5.

FILL IN THE BLANK QUESTION

30 sec • 2 pts

What is the Accounting Equation?

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Activities that are directly related to the main revenue-producing activities of the company

Operating

Investing

Financing

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Cash transactions related to changes in equity and borrowings

Operating

Investing

Financing

8.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Statement provides an analysis of inflows and/or outflows of cash from/to operating, investing, and financing activities

9.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

What is the formula in getting the Net Income?