WorksheetsWelcome
Total questions: 9
Worksheet time: 2mins
Most common financial statement
Cash flow, Income Statement, Balance Sheet
Capital Statement, Income Statement, Cash flow
Income statement, Balance Sheet, Capital Statement
Income Statement, Capital Statement, Drawing Statement
Accounts with debit side balance
Accounts payable, cash, bank
accounts receivable, cash, bank
land, automovil, sales
Expenses, drawing, sales
Accounts used to make Balance Sheet
Permanent account
Temporary Account
Capital accounts
Expense accounts
How do we get net Sales
subtracting sales from sales discounts
subtracting sales from purchase returns and discounts
subtracting sales from sales discounts and returns
subtracting sales from sales returns
With Income Statement we use the temporary accounts?
True
False
Merchandising business accounts
Purchase
Merchandise Inventory
Capital
Purchase Returns and discounts
Accounts with credit balance
Capital, Accounts payable, petty cash
Sales, capital, purchase discount
Building, ITBMS Tax, Drawing
Insuranse Expense Cash, Sales returns
When we have net income, the capital account decrease
True
False
Are you happy for begin classes again?
Yes
No
