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1st Grade
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Medium
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20 questions
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1.
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1 min • 1 pt
Accounting is a primary means of communicating in businesses, governments and....(charity) and educational institutions- and among individuals
2.
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1 min • 1 pt
The historical cost principle deals with the......(value)of both assets and liabilities
3.
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1 min • 1 pt
Revenue is realized when goods or service are.......(exchange), is realizable when assets received can be converted to cash, and is earned
4.
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1 min • 1 pt
The sales and purchase budgets are commonly.......(refer) to the operating-expense budget
5.
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1 min • 1 pt
.......(develop) a projected income statement is an important part of any financial plan, as the process forces the business owner to examine the film's future profitability
6.
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1 min • 1 pt
The interest rates paid by banks......(variety) from bank to bank, depending on how long customers leave their money in the bank: short,medium or long term
7.
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1 min • 1 pt
There are several tools a company uses to gauge business performance and.......(analysis) trading profit and loss accounts.
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