Asas Perakaunan

What does 'Asset' refer to in business?

• Economic resources owned by the business

• Financial obligations to third parties

• Owner's interest in the business

• Cash inflow from sales

What is 'Liability' in the context of business?

• Economic resources owned by the business

• Financial obligations to third parties

• Owner's interest in the business

• Cash inflow from sales

What does 'Equity' represent in a business?

• Economic resources owned by the business

• Financial obligations to third parties

• Owner's interest in the business

• Cash inflow from sales

What does 'Revenue' signify in a business?

• Economic resources owned by the business

• Financial obligations to third parties

• Owner's interest in the business

• Cash inflow from sales

What does the 'Income Statement' show?

• Results and expenses of the business over a period

• Assets, liabilities, and equity at a point in time

• Cash inflow and outflow of the business

• None of the above

What does the 'Statement of Financial Position' indicate?

• Results and expenses of the business over a period

• Assets, liabilities, and equity at a point in time

• Cash inflow and outflow of the business

• None of the above

What does the 'Cash Flow Statement' demonstrate?

• Results and expenses of the business over a period

• Assets, liabilities, and equity at a point in time

• Cash inflow and outflow of the business

• None of the above

What is the purpose of cash management?

• To track cash inflow and outflow

• To manage inventory efficiently

• To analyze financial ratios

• To prepare financial statements

What does inventory management involve?

• Identifying types and quantities of inventory

• Setting optimal inventory levels

• Ensuring efficient inventory control

• All of the above

What does profitability indicate?

• Ability to generate profit

• Ability to meet obligations

• Ability to survive long-term

• None of the above