Accounting progress check

Accounting progress check

University

10 Qs

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Accounting progress check

Accounting progress check

Assessment

Quiz

Social Studies

University

Practice Problem

Hard

Created by

Zhivka Valkova Zapryanova

Used 3+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

This type of Accounting needs to comply with external rules and principles.

Management

Cost

Financial

Budgets

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Assets = Liabilities+SE is:

accounting rule

accounting equation

accounting principle

double-entry rule

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Are organized from most to least liquid:

expenses

SE´s accounts

liabilities

assets

4.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

This financial statement presents the profit or loss registered in the period

income statement

balance sheet

cash-flow statement

statement of SE

5.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

The cashflow statement is divided into ______ sections.

4

2

3

5

6.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

Assets increase with:

debit

credit

depends on the type of asset

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

We sell one of the company´s vehicles and the client pays cash. In which category of the cashflow statement does it need to go?

none of the options is correct

financing

operating

investing

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