__________________ summarizes the business's income (revenue) expenses during a specified period of time and is used to figure gross profit.
MTL1118

Quiz
•
Mathematics
•
11th Grade
•
Hard

Woodridge Connect
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Income Statement
Balance Sheet
Trial Balance
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This financial statement reports assets, liabilities, and owner's equity during the accounting period. It can be used to determine the liquidity of a business.
Balance Sheet
Income Statement
Trial Balance
Cash flow statement
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If an employee received a basic salary of R10 829.00 and receives an additional R500 for housing. What is the gross salary the employee earns?
R11 229
R11 329
R2878.24
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Determine the sum of all the deductions:
Medical aid - R1 225.57
Car Insurance - R812.17
Retirement Annuity - R780
R2 500
R2 817.74
R 2 718.47
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the total amount of money the employee will have after deductions:
Salary - R11 329
Deductions - R2 878.24
R2 887.24
R7 500
R8 450.76
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