WorksheetsFABM PAIR QUIZ 1
Total questions: 20
Worksheet time: 3mins
Financial claims that owners have in the business.
Assets
Liabilities
Equity
Profit
The resources owned by the business.
Assets
Liabilities
Equity
Profit
Utilize the accounting information to come up with useful decisions for the company.
Accountant
Bookkeeper
Internal Users
External Users
Indirectly access accounting information from the organizations of their interest.
Accountant
Bookkeeper
Internal Users
External Users
Assessing business performance and financial position.
Decisions by Management
Decisions by Owners
Decisions by Employees
Decisions by Investors
Whether to continue the contract for employment, or collectively bargain.
Decisions by Management
Decisions by Owners
Decisions by Employees
Decisions by Lenders
Interested in putting capital to earn profit.
Decisions by Employees
Decisions by Investors
Decisions by Lenders
Decisions by Regulatory and Tax Authorities
Whether to confirm compliance or impose penalties.
Decisions by Investors
Decisions by Lenders
Decisions by Regulatory and Tax Authorities
Decisions by Customers
Savings Account
ASSETS
LIABILITIES
EQUITY
Allowance for Bad Debts
ASSETS
LIABILITIES
EQUITY
Common Stock
ASSETS
LIABILITIES
EQUITY
Partner's or Member's Capital
ASSETS
LIABILITIES
EQUITY
Leasehold Improvements
CURRENT ASSETS
NON CURRENT ASSETS
PPE
Raw Materials
CURRENT ASSETS
NON CURRENT ASSETS
PPE
Security Deposits
CURRENT ASSETS
NON CURRENT ASSETS
PPE
Accounts Payable Trade
CURRENT LIABILITIES
LONG TERM LIABILITIES
Unearned Revenues
CURRENT LIABILITIES
LONG TERM LIABILITIES
Notes Payable
CURRENT LIABILITIES
LONG TERM LIABILITIES
Accumulated Amortization
DEBIT
CREDIT
Employee Benefits
DEBIT
CREDIT
