
Financial Documents
Authored by Bradford Robley
Business
9th - 12th Grade
Used 13+ times

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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is not a financial document
Statement of Cash Flow
Business Plan
Balance Sheet
Income Statement
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or False: The accounting equation is Assets= Liabilities - Owners Equity
True
False
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Profit and Loss Statements examine which of the following? Select all that apply
Revenue
COGS
Merchandise
Expenses
4.
FILL IN THE BLANK QUESTION
1 min • 2 pts
In accounting a negative number is written in
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is it called when a business uses their funds for growing the business or to pay dividends?
Income
Sales
Retained Earnings
No Idea
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
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
7.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
"Assets = Liabilities + Equity" can be displayed on which financial statement?
Balance Sheet
Income Statement
Statement of Owner's Equity
Neither
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