Financial Documents

Which of these is not a financial document

• Statement of Cash Flow

• Business Plan

• Balance Sheet

• Income Statement

True or False: The accounting equation is Assets= Liabilities - Owners Equity

• True

• False

Profit and Loss Statements examine which of the following? Select all that apply

• Revenue

• COGS

• Merchandise

• Expenses

In accounting a negative number is written in

What is it called when a business uses their funds for growing the business or to pay dividends?

• Income

• Sales

• Retained Earnings

• No Idea

An accounting report that is used to show revenue and expenses is the

• Loss and Profit Statement

• Revenue and Expenses Statement

• The Profit or Loss Statement

• The Income Statement

"Assets = Liabilities + Equity" can be displayed on which financial statement?

• Balance Sheet

• Income Statement

• Statement of Owner's Equity

• Neither