Financial Statement Bingo

Financial Statement Bingo

10th Grade

24 Qs

quiz-placeholder

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Financial Statement Bingo

Financial Statement Bingo

Assessment

Quiz

Education

10th Grade

Practice Problem

Medium

Created by

Hjh Marhani Hj Mohd Lot

Used 3+ times

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24 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is the money a business earns from selling goods or services.

Revenue

Expense

Asset

Liability

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is the cost of goods sold during the period.

Cost of Sales

Revenue

Depreciation

Capital

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is the profit made before deducting expenses.

Gross Profit

Profit for the year

Operating Profit

Equity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is the final profit after all expenses are deducted.

Profit for the Year

Gross Profit

Revenue

Liability

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is the money spent on running the business, like rent and wages.

Operating Expenses

Revenue

Assets

Capital

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These are items the business owns that will last more than a year.

Non-Current Assets

Current Assets

Liabilities

Equity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These are debts the business must pay within a year.

Current Liabilities

Non-Current Liabilities

Assets

Revenue

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