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. AVerdadero
   2. BFalso
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

Descripción

Leaving Certificate Accounting Test sobre Introduction Quiz, creado por crazy cat8 el 21/06/2016.

Autor

crazy cat8

Idioma

English

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accountingfianacebasicsleaving certificate

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