Penilaian Sumatif 1 XII AK

"Water boils at 100°C at sea level" this sentece is an example of informative statement

• True

• False

The main purpose of accounting is only to pay taxes.

• False

• True

The income statement shows a company's assets and liabilities.

• True

• False

Accounting is only important for large businesses, not small ones.

• True

• False

"Don’t miss out on this opportunity—sign up now and get a discount!". This sentence is an example of persuasive statement.

• True

• False

What is the purpose of accounting?

• To track money

• To pay taxes

• To build a business website

• To hire employees

Which of the following financial statements shows a company’s revenues and expenses?

• Balance Sheet

• Income Statement

• Cash Flow Statement

• Profit Sharing Statement

Why do businesses use accounting?

• To decorate their office

• To plan for holidays

• To keep track of money and understand profitability

• To manage employee schedules

What does the balance sheet show?

• The company’s revenue and expenses

• The company’s customer satisfaction

• The company’s tax payments

• The company’s assets and liabilities

Why is it important for businesses to keep accurate accounting records?

• To predict future sales targets

• To choose the best office location

• To ensure they have enough cash for operations

• To pay employees higher salaries