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WorksheetsQtr1:Wk1:Quiz!-SFP
Total questions: 5
Worksheet time: 2mins
Name
Class
Date
1.
What financial reports shows the company's assets, liabilities and equity?
a)
Statement of Cash Flows
b)
Statement of Changes in Equity
c)
Statement of Comprehensive Income
d)
Statement of Financial Position
2.
Which of the following is an example of asset?
a)
accounts payable
b)
prepaid expense
c)
Mr. Reyes, Capital
d)
Unearned revenue
3.
The (a) refers to what the company owes.
4.
Mr. Reyes bought office supplies on account worth Php4,500.00 from National Book Store. What account is affected by this transaction?
a)
cash
b)
accounts payable
c)
accounts receivable
d)
inventory
5.
Statement of Financial Position is dated?
a)
As of
b)
For the period ended
c)
any date
d)
none of the above
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