
10ACC Financial Reports + GST

Quiz
•
Business
•
10th Grade
•
Medium
Clara Sandona
Used 6+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following are input-taxed supplies, where GST is not charged?
Financial supplies
Sale of food in school canteens
Residential rent
Clothing
Education
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following are the same as an income statement?
Statement of Financial Performance
Profit & Loss Statement
Balance Sheet
Statement of Financial Position
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Net profit =
gross profit + other revenue
gross profit - expenses
gross profit + other revenue - other expenses
gross profit - other revenue + other expenses
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Gross profit =
Net sales + COGS
Net sales - COGS
Net sales + other revenue - COGS
Net sales - other revenue + COGS
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
If GST applies to a good or service, it is considered...
a GST taxable supply
a GST free supply
an input-taxed supply
none of the above
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following account types appear in the Balance Sheet?
Revenues
Expenses
Assets
Liabilities
Owner's Equity
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following accounts would be involved in the GJ for the following transaction: "Paid wages $600"
Wage expense
GST collected
GST credits received
Cash at bank
A/c Pay - Employee
Create a free account and access millions of resources
Similar Resources on Wayground
10 questions
Understanding Beginning Inventory

Quiz
•
10th Grade - University
12 questions
Accounting Review

Quiz
•
9th - 12th Grade
10 questions
Business costs

Quiz
•
9th - 10th Grade
11 questions
Level 2 Finance test

Quiz
•
10th Grade - University
10 questions
ECON 8.3

Quiz
•
9th - 12th Grade
10 questions
Business Calculations Gap Map

Quiz
•
9th - 11th Grade
14 questions
SGS Business 1.3.2 Business Revenue costs and Profit

Quiz
•
9th - 11th Grade
15 questions
Enterprise Formulas Revision

Quiz
•
10th Grade
Popular Resources on Wayground
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
10 questions
Nouns, nouns, nouns

Quiz
•
3rd Grade
10 questions
Appointment Passes Review

Quiz
•
6th - 8th Grade
25 questions
Multiplication Facts

Quiz
•
5th Grade
11 questions
All about me

Quiz
•
Professional Development
22 questions
Adding Integers

Quiz
•
6th Grade
15 questions
Subtracting Integers

Quiz
•
7th Grade
20 questions
Grammar Review

Quiz
•
6th - 9th Grade