Practical Accounting Analysis

three types of financial statements are balance sheet, cash flow and...

example of balance sheet are.. (minimim 3 answers)

historical value less depreciation is called....

Land $ 5,000

Cash $ 10,000

Debtors $ 12,000

Creditors $ 22,000

Prepaid rent $ 12,000

Equipment $ 13,000

how much current assets?

• 0

• 18,000

• 10,000

• 34,000

Accounting Equition

Assets = ........... + Owners Capital

Sales $ 100,000

Cost of sales $ 45,000

Sales discount $ 20,000

How much net sales?

• $ 55,000

• $ 45,000

• $ 80,000

• $ 20,000

Sales $ 100,000

Cost of sales $ 45,000

Sales discount $ 20,000

selling expenses $ 15,000

How much gross profit?

Sales $ 100,000

Cost of sales $ 45,000

Sales discount $ 10,000

Selling expense $ 20,000

How much net profit?

formula of net assets is......

• Total current assets - total fixed assets

• total assets - total liabilities

• total current assets - total current liabilities

• Total liabilities + Owners Capital

Current ratio formula is

• total assets / current liabilities

• current assets / current liabilities

• current liabilities / total assets

• capital / current liabilities