Final accounts
Authored by HUGO GALORA
English
Professional Development
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15 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Final accounts are financial statements complied by a business at the beginning of accounting period time.
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Final accounts inform about the internal and external financial position and performance of an organization.
TRUE
FALSE
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
It is shown as the top part of the income
statement that establishes the gross profit of the business.
Trading account
Profit or loss account
Appropriation account
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
It shows how the company's net profit after interest and tax is distributed
Trading account
Profit or loss account
Appropriation account
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
NPBIT - NPBT - NPAIT
Trading account
Profit or loss account
Appropriation account
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
A sum of money paid to shareholders.
Sales revenue
Retained profit
Dividends
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The amount of earnings left after dividends and other deductions have been made.
Sales revenue
Retained profit
Dividends
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