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WorksheetsGeneral Financial Awareness
Total questions: 15
Worksheet time: 6mins
In Banking Centre in Quickbooks, new transactions will appear under this tab where they can be reviewed and actioned,
In QuickBooks
Excluded
For review
New Transactions
What do you mean by a Balance Sheet?
The net income of the company reflected in the Tabular Format in order to assess the company's revenue
A statement of debts & liabilities reflecting the current balances of the business or other organisation at a particular point in time, detailing the balance of expenditure over the preceding period.
The net profit of the company reflected in the Tabular Format in order to assess the company's annual profits
A statement of the assets, liabilities, and capital of a business or other organisation at a particular point in time, detailing the balance of income and expenditure
If Cost Price is Rs. 85 and Selling Price is 105, then what is the profit?
Rs. 15
Rs. 20
Rs. 25
Rs. 30
If SP > CP, then profit is made from the transaction. Mark True / False.
True
False
In Quickbooks, Credit transactions will default to Deposit & Debit transactions will default to Expense, unless matched otherwise. True or False?
True
False
If Selling Price is SP, Cost Price is CP, then Profit Percentage is
CP(SP−CP)×100
CP(CP−SP)×100
SP(SP−CP)×100
SP(CP−SP)×100
Ram bought a pen for Rs. 20 and sold it for Rs. 25. Find his Profit percentage.
10%
15%
20%
25%
Direct exchange of merchandise and/or services between businesses.
Sales
Hand-shaking
Barter
Advertising
The amount of money that companies need to spend to win one new customer is called CAC, which is the abbreviation for
Company Assets Cost
Customer Acquisition Cost
Customer Accuracy Cost
Company Accuracy Cost
A concise, compelling and convincing presentation that outlines an idea for a particular product, service or project which is delivered in short time period, typically 20 - 60 seconds is called
Business Presentation
Sales Pitch
Elevator Pitch
Product Presentation
In a company, when operating expenses and all other charges including taxes, interest and depreciation have been deducted from total revenue, we get
Net Profit
Gross Profit
Net Income
Gross Income
John scored 85 marks in English, 90 in Mathematics, 95 in science and 80 in history. What is John’s average score?
82.5
350
87.5
175
Convert 9/25 into percent
92.5%
9.25%
3.6%
36%
USP of a company means
Unified Selling Price
Union Selling Protocol
Unique Selling Point
Universal Selling Protocol
It is not possible to accept multiple transactions in Quickbooks in batches. True or False
True
False
