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Accounting Stock Knowledge

Authored by christopher rodriguez

Other

9th - 12th Grade

Used 1+ times

Accounting Stock Knowledge
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10 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The following are nominal accounts EXCEPT?

Rent expense

Accrued expense

Service revenue

Interest income

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Real accounts are ____?

temporary accounts

nominal accounts

permanent accounts

contra accounts

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Other term for income statement is ______.

Financial Statement

Statement of Financial Position

Balance Sheet

Statement of Comprehensive Income

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Purchased Furniture and Fixtures on account; the value parted with is _______.

Furniture and Fixtures

Accounts Payable

Cash

Fixed Asset

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What major accounts are present in the Balance Sheet?

Assets, Liabilities, and Capital

Revenues and Expenses

Assets, Liabilities, and Revenues

Revenues, Expenses, and Equity

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In the Income Statement, when operating expenses exceed revenue, it is _______.

net income

positive results

net take-home pay

net loss

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Paid utilities expense, the value parted with is ________.

Cash

Utilities Expense

Accounts Payable

Accrued Utilities Expense

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