WorksheetsJ. TOPIC 2 - Income & Cash Flow Statement
Total questions: 10
Worksheet time: 5mins
Profit is the reward for___
workers
banks
costumers
enterprise
The bank manager, business ___ and managers are the main users of the income statement
owners
workers
shops
community
Income statements are often used by managers when making decisions
Yes
True
Income Statement is prepared at
Middle of the year
End of the year
Every 3 months
Every 6 months
What is recorded in the Income Statement
Expense & Income
Asset & Liability
All of the answer
Drawings
A cash flow statement shows an overview of money flowing in and out of a company
True
False
Selling an asset would be an example of
cash inflow
cash outflow
The amount of cash moving into and out of a business
Cash Flow
Net Worth
Purchasing an asset would be an example of
cash inflow
cash outflow
If total sales is 20,000 and Total Expenses is 1000, then profit will be:
21000
19000
1000
