Fundamentals of Accountancy Quiz

Fundamentals of Accountancy Quiz

1st Grade

29 Qs

quiz-placeholder

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Fundamentals of Accountancy Quiz

Fundamentals of Accountancy Quiz

Assessment

Quiz

Business

1st Grade

Medium

Created by

Frances Mercado

Used 1+ times

FREE Resource

29 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

What is the process of receiving money, planning, and allocating it according to one’s needs?

2.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

What is the original (non-deducted) payment received by either doing services or selling goods?

3.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

What is the cost a company incurs to generate revenues?

4.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the term for revenues subtracted to expenses?

Evaluate responses using AI:

OFF

5.

OPEN ENDED QUESTION

3 mins • 1 pt

What determines the overall financial strength of an entity?

Evaluate responses using AI:

OFF

6.

OPEN ENDED QUESTION

3 mins • 1 pt

What is done before starting a business to help it become successful?

Evaluate responses using AI:

OFF

7.

OPEN ENDED QUESTION

3 mins • 1 pt

What shows a list of assets and liabilities?

Evaluate responses using AI:

OFF

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