
Accounting Basics Quiz
Authored by Nguyen Ngoc
English
University
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35 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Book-keepers are people who prepare financial statements for a company.
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Double-entry book-keeping means that all transactions are recorded in two notebooks.
TRUE
FALSE
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Taxes payable and interests payable are long-term liabilities.
TRUE
FALSE
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bookkeeping is writing down the details of the daily business transactions.
TRUE
FALSE
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sales and expenditure are two elements of the cashflow statement.
TRUE
FALSE
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The income statement tells you how much the company receives from sales of goods.
TRUE
FALSE
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assets , for example, buildings, machines are intangible assets.
TRUE
FALSE
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