Accounting

Accounting

University

10 Qs

quiz-placeholder

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Accounting

Accounting

Assessment

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Other

University

Easy

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10 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

1 min • 2 pts

The language of financial decisions

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Are charged with the responsibility of guiding the socio-economic system of a country

Business Managers

Individuals

Investors and Creditors

Government and Regulatory Agencies

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Defined as “Anything of use in the future operations”

Equity

Assets

Capital

Liability

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

A monetary value of the products or services sold to the customers

Expense

Owner

Sundry Debtors

Revenue

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

A person from whom amounts are due for goods sold or services rendered or in respect of a contractual obligation.

Sundry Debtors

Sundry Creditors

Drawing

Expense

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

It summarizes the results of the firm's operations over a period of time.

Income statement

Balance sheet

Statement of cash flow

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Includes divestiture and acquisition of real assets (capital expenditures) and disposal and purchase of financial assets. Also includes acquisitions of other firms.

Cash flows from investing

Cash flows from operations

Cash flows from financing

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