WorksheetsFundamentals of Accountancy 1 Activity 2 Week 2
Total questions: 5
Worksheet time: 3mins
Represents the owner's investment in the business
Net Profit
Income Statement
Statement of Investment
Statement of Owner's Equity
This refers to the ongoing business expenses not directly attributed to creating a product or service
Variable Cost
Operating Cost
Overhead Cost
Direct Expenses
This branch of accounting deals with developing future accountants by creating relevant accounting curriculum
Accounting Research
Accounting Education
Cost Accounting
Managerial Accounting
Refers to the recording, presentation, and analysis of manufacturing costs
Cost Accounting
Financial Accounting
General Accounting
Tax Accounting
The measurement of a company's profit once operating costs, taxes, interest and depreciation have all been subtracted from its total revenues
Income Statement
Total Revenue
Net Income
Net Loss
