WorksheetsAccounting progress check
Total questions: 10
Worksheet time: 5mins
This type of Accounting needs to comply with external rules and principles.
Management
Cost
Financial
Budgets
Assets = Liabilities+SE is:
accounting rule
accounting equation
accounting principle
double-entry rule
Are organized from most to least liquid:
expenses
SE´s accounts
liabilities
assets
This financial statement presents the profit or loss registered in the period
income statement
balance sheet
cash-flow statement
statement of SE
The cashflow statement is divided into ______ sections.
4
2
3
5
Assets increase with:
debit
credit
depends on the type of asset
We sell one of the company´s vehicles and the client pays cash. In which category of the cashflow statement does it need to go?
none of the options is correct
financing
operating
investing
If customers pay us in advance, which accounts are affected?
cash and sales
cash and expenses
cash and liabilities
liabilities and sales
Represents a cash outflow:
sale of an office equipment
issue of new shares
collect $ from customers
repurchase of shares
If we make credit sales, which asset account will immediately increase?
cash
accounts receivable
accounts payable
prepaid expenses
