FINAL ACCOUNTS 2

FINAL ACCOUNTS 2

11th Grade

12 Qs

quiz-placeholder

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FINAL ACCOUNTS 2

FINAL ACCOUNTS 2

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

London Peru

Used 3+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money that the company has received from customers in advance for products or services that will be delivered in the future.

assets

short-term debt

deferred revenue

inventory

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money owed to the company by its customers for products sold on credit.

accrued liabilities

intangible assets

propoerty, plant and equipment

accounts receivable

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money the company owes to suppliers and vendors for goods and services received but not yet paid for.

accounts payable

short-term borrowings

cash and cash equivalents

shareholders' equity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This includes money in the company's bank accounts, as well as short-term investments that are easily convertible to cash.

long-term debt

inventory

investments

cas and cash equivalents

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These could include patents, trademarks, copyrights, and other intellectual property that the company owns.

property, plant and equivalent

intangible assets

accrued liabilities

short-term borrowings

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Obligations the company has incurred but hasn't yet paid, such as employee salaries, taxes, and interest.

accounts payable

inventory

accrued liabilities

shareholders' equity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The value of raw materials, work-in-progress, and finished goods that the company has on hand for production and sale.

inventory

investment

accrued liabilities

long-term debt

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