Accounting

Money received from a business investor would be an example of

• cash inflow

• cash outflow

Paying Taxes

• Cash Inflow

• Cash Outflow

Buying Machinery

• Cash Inflow

• Cash Outflow

Receiving cash from debtors

• Cash Inflow

• Cash Outflow

How would an accountant record an increase in cash?

• Debit
• Credit

Only accounts with a balance are listed in the Trial Balance columns of a work sheet.

• True
• False

What category? Accounts Receivable

• Asset

• Liability

Items found on an Income Statement

• Income, Expenses, Net Profit, Net Loss

• Assets, Liabilities, Owner's Equity

• Income, Liabilities

• Assets, Expenses

Initial investment plus retained earnings

• Asset

• Liability

• Owner's Equity

Which of the following is considered a revenue expenditure?

• Purchase of a building

• Investment in shares

• Payment of salaries

• Acquisition of a business