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WorksheetsAccounting and Finance Quiz
Total questions: 13
Worksheet time: 7mins
The assets and …………… on the balance sheet can help you know how the company is doing.
liabilities
subsidiaries
investment
shares
Bookkeepers are administrative staff responsible for processing the records of a business’s ……………
financial activities
financing investments
minority interest
cash flow
…………… is the title of the manager with the greatest authority in the normal everyday management of a company.
CEO
auditor
interviewer
customer
Nowadays, accountants are broadening the services they offer with budget analysis, …………… planning, and IT consulting.
finance
income
investment
benefit
…………… is a firm that sells its shares to anyone who wants to buy them.
Publicly-traded company
Group
Co. Ltd.
Organization
…………… is a statement of what a company owns (its assets) and what it owes (its liabilities) at a particular time.
balance sheet
finance
dividend
profit accounts
The amount of cash and goods that the owner of a business invests in the business is known as ……………
revenue
minority interest
owner’s equity
fund
…………… is the same as a tax declaration – it’s a list of income and tax deductible expenditure for the tax authority.
Tax return
VAT
Property tax
Tax break
…………… record, categorize, and total all of an organization’s financial transactions.
Directors
Administrative staff
Management accountants
Bookkeepers
A company’s cash flow statement includes three types of cash flow: cash flow from operating activities, cash flow from investing activities and cash flow from ……………
business activities
transactions
marketing
financing activities
For effective taxation planning, companies rely on …………… who must have an excellent understanding of both their clients’ business and the various taxation laws.
advisors
tax specialists
financial advisors
auditors
…………… are amounts owed to others relating to loans, extensions of credit, and other obligations arising in the course of business.
Liabilities
Expenses
Overheads
Receivables
When preparing accounts, the …………… must assume that the business will still be viable in the years to come. In other words, the business will be able to continue operating long enough to meet its obligations and commitments.
prudence principle
consistency principle
going concern principle
matching principle
