Introduction Quiz

1. 1The financial statement that reports the revenues and expenses for a period of time such as a year or a month is the

   1. ABalance sheet
   2. BIncome Statement
   3. CStatement of Cash flows
2. 2The financial statement that reports the assets, liabilities, and stockholders' (owner's) equity at a specific date is the:
   
   

   1. ABalance Sheet
   2. BIncome Statement
   3. CStatement of Cashflows
3. 3Assets are usually reported on the balance sheet at which amount?
   
   

   1. ACost
   2. BCurrent market value
   3. CExpected selling price
4. 4Revenues minus expenses equals gross income
   

   1. ARichtig
   2. BFalsch
5. 5Accounting entries involve a minimum of how many accounts?
   
   

   1. AOne
   2. BTwo
   3. CThree
6. 6Which term is associated with "left" or "left-side"?
   
   

   1. ADebit
   2. BCredit

Beschreibung

Leaving Certificate Accounting Quiz am Introduction Quiz, erstellt von crazy cat8 am 21/06/2016.

Autor

crazy cat8

Sprache

English

Aufrufe

5

Schlagwörter

accountingfianacebasicsleaving certificate

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