Accounting and Finance Quiz
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English
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University
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Easy
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53 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The order of the Equity account in a Balance sheet is defined by ________ .
custom and tradition
a fancy way of saying pay
the order of their liquidity
All ways
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A company has $3,000,000 in Owners' Equity and $275,000 in liabilities. What are the assets of the company?
$3,275,000
$2,025,000
$250,000
$1,250,000
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Liabilities that are expected to be paid sometime after the next year are _________
Current liabilities
Current assets
Non-current assets
Non-current liabilities
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
___________ is to show the inflows and outflows, the changes in the balance of cash and cash equivalents during a certain accounting period arising from the operating, investing, and financing activities of an enterprise.
The Statement of Cash Flow
The Income Statement
The Statement of Retained Earnings
The Balance Sheet
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which is the closest meaning to the phrase: ' late, not returned as expected?
overdue
knack
buck
pay off
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which of the following items is not the main section in a Balance Sheet?
Assets
Liabilities
Equity
Unearned revenues
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which is the most common form of Rent expenses account in the Income statement?
Rent expenses
Rent
Rent liability
liabilities
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