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WEEK 9 QUIZ BACC105

Total questions: 10

Worksheet time: 4mins

Name
Class
Date
1.

In the abbreviation TRAIN Law, A stands for:

a)

Amnesty

b)

Acceleration

c)

Application

2.

The expected number of units to sold or service to render in a month and year.

(a)  

3.

The following can be seen in Capital Expenditures, EXCEPT:

a)

Rent

b)

Machinery

c)

Processing Fee

4.

The total cost incurred in producing 1 unit of product.

(a)  

5.

These are the data that have been already collected by and readily available from other sources.

a)

Primary Data

b)

Secondary Data

c)

Valid Data

6.

On this financial statement, only Investment of the Owners and Creditors are reflected.

(a)  

7.

Cost of Goods Manufactured is part of what financial statement?

a)

Income Statement

b)

Balance Sheet

c)

Statement of Cash Flow

8.

Asset, Liabilities, and Owner's Equity is part of what financial statement?

a)

Income Statement

b)

Balance Sheet

c)

Statement of Cash Flow

9.

It is the process of analyzing a company's financial statements for decision-making purposes.

(a)  

10.

These are the processes of providing funds for business activities, making purchases, or investing.

a)

Financing

b)

Accounting

c)

Budgeting