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Accounting

Authored by Anjali Gohel

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Accounting
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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

Which financial statement reports the revenues and expenses for a period of time such as a year or a month?

Balance Sheet

Income statement

Cash flow statement

2.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

Assets are usually reported on the balance sheet at which amount?


Cost

Market Value

Expected Selling price

3.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

Which term is associated with "right" or "right side"?

Debit

Credit

4.

FILL IN THE BLANKS QUESTION

1 min • 5 pts

When a company pays a bill, the account Cash will be (a)   .

5.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

Which of the following is not a core financial statement?

Trial Balance

Statement of cash flow

Balance sheet

Income statement

6.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

Which of the following is not a core financial statement?

Balance sheet

Journal

Ledger

7.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

An asset that is not Physical in nature is called _______?

Tangible asset

Fixed asset

Intangible asset

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