Fundamentals of Accountancy Quiz
Authored by Frances Mercado
Business
1st Grade
Used 1+ times
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29 questions
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1.
FILL IN THE BLANKS QUESTION
30 sec • 1 pt
What is the process of receiving money, planning, and allocating it according to one’s needs?
(a)
2.
FILL IN THE BLANKS QUESTION
30 sec • 1 pt
What is the original (non-deducted) payment received by either doing services or selling goods?
(a)
3.
FILL IN THE BLANKS QUESTION
30 sec • 1 pt
What is the cost a company incurs to generate revenues?
(a)
4.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the term for revenues subtracted to expenses?
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
What determines the overall financial strength of an entity?
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6.
OPEN ENDED QUESTION
3 mins • 1 pt
What is done before starting a business to help it become successful?
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7.
OPEN ENDED QUESTION
3 mins • 1 pt
What shows a list of assets and liabilities?
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