Accounting Terms

Accounting Terms

9th - 12th Grade

7 Qs

quiz-placeholder

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Accounting Terms

Accounting Terms

Assessment

Quiz

Financial Education

9th - 12th Grade

Practice Problem

Medium

Created by

Audrina Yerkey

Used 2+ times

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

financial accounting

Reporting an amount on a financial statement as a percentage of another item on the same financial statement.

The calculation and interpretation of a financial ratio.

The area of accounting that focuses on reporting information to internal users.

The area of accounting which focuses on reporting information to external users.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • managerial accounting

A comparison between two components of financial information.

The area of accounting that focuses on reporting information to internal users.

The ratio of net income to total sales.

Reporting an amount on a financial statement as a percentage of another item on the same financial statement.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • statement of owner’s equity

A financial statement that reports the changes in the capital account for a proprietorship for a period of time.

The area of accounting which focuses on reporting information to external users.

Reporting an amount on a financial statement as a percentage of another item on the same financial statement.

The ratio of net income to total sales.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • financial ratio

The area of accounting that focuses on reporting information to internal users.

The ratio of net income to total sales.

Reporting an amount on a financial statement as a percentage of another item on the same financial statement.

A comparison between two components of financial information.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

ratio analysis

A comparison between two components of financial information.

The area of accounting that focuses on reporting information to internal users.

The calculation and interpretation of a financial ratio.

The ratio of net income to total sales.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • vertical analysis

Reporting an amount on a financial statement as a percentage of another item on the same financial statement.

The calculation and interpretation of a financial ratio.

The ratio of net income to total sales.

The area of accounting that focuses on reporting information to internal users.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • return on sales (ROS)

A financial statement that reports the changes in the capital account for a proprietorship for a period of time.

Reporting an amount on a financial statement as a percentage of another item on the same financial statement.

The calculation and interpretation of a financial ratio.

The ratio of net income to total sales.

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