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. ATrue
   2. BFalse
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

Description

Leaving Certificate Accounting Quiz on Introduction Quiz, created by crazy cat8 on 21/06/2016.

Author

crazy cat8

Language

English

Views

5

Tags

accountingfianacebasicsleaving certificate

Rating

1.0 out of 5 · 1 rating

Rate this quiz

Rate this quiz

More on Financial Statements