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WorksheetsFinance and Accounting
Total questions: 20
Worksheet time: 20mins
Name
Class
Date
1.
A system of recording and reporting financial activity is called
a)
Finance
b)
Accounting
c)
audit
d)
Budger
2.
Things owned by a company
a)
liablities
b)
profit
c)
assets
d)
loss
3.
Net worth of a business
a)
balance sheet
b)
financial statement
c)
Income statement
d)
Owners Equity
4.
A formal examination of a company's financial records
a)
Fiscal Period
b)
budget
c)
audit
d)
revenue
5.
Money owed by a business
a)
assets
b)
loss
c)
profit
d)
liabilities
6.
A plan that shows what you expect to earn and spend in a certain period of time
a)
budget
b)
financial statement
c)
Income statement
d)
Fiscal period
7.
a written report which describes the financial health of a company
a)
income statement
b)
financial statement
c)
Owner's Equity
d)
statement of change
8.
cost of maintaining and operating a business
a)
assets
b)
expense
c)
loss
d)
profit
9.
The amount of money a company earns
a)
revenue
b)
assets
c)
audit
d)
equity
10.
Results when a business income is greater that is expenses
a)
asset
b)
profit
c)
loss
d)
fiscal
11.
Expenses is greater than revenue
a)
loss
b)
profit
c)
liabilities
d)
equity
12.
Anything of value that is owned
a)
account
b)
asset
c)
withdrawal
d)
expense
13.
Specific period covered by and accounting statement
a)
financial statement
b)
fiscal period
c)
Income period
d)
balance sheet
14.
-jobs range from accounting, taxation, preparing financial report, and supervising financial departments
a)
Bank teller
b)
financial Manager
c)
Auditor
d)
CPA
15.
jobs range from accounting, taxation, preparing financial report, and supervising financial departments
a)
Accountant
b)
Auditor
c)
bank teller
d)
financial manager
16.
a person who handles bank deposits and withdrawals
a)
bank teller
b)
accountant
c)
CPA
d)
auditor
17.
a Person whose work mainly involves checking on the accuracy of work performed by bookeepers
a)
cpa
b)
auditor
c)
accountant
d)
Financial manager
18.
a person who produces and examines financial reports, financial records and prepares tax returns
a)
Financial manager
b)
Auditor
c)
accountant
d)
bank teller
19.
a report showing all assets, liabilities, and owner equity
a)
Income statement
b)
Balance sheet
c)
Financial Statement
d)
owners equity
20.
financial statement that reports the change that have occured in Owners equity
a)
income statement
b)
Balance sheet
c)
financial statement
d)
Change in Owners Equity
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