Income Statement

Income Statement

9th - 10th Grade

15 Qs

quiz-placeholder

Similar activities

MEASUREMENT DEVICES (Chapter 1)

MEASUREMENT DEVICES (Chapter 1)

9th - 12th Grade

10 Qs

ulangan harian

ulangan harian

1st - 10th Grade

19 Qs

Journal Entry_Accountancy

Journal Entry_Accountancy

10th Grade - University

10 Qs

Woordenschat H1 klas 2

Woordenschat H1 klas 2

KG - 12th Grade

13 Qs

Reasons for Moving in Australia

Reasons for Moving in Australia

9th Grade

15 Qs

Spring Final Review (Urban, Economic Development & Geopolitics)

Spring Final Review (Urban, Economic Development & Geopolitics)

9th - 12th Grade

20 Qs

Motion graphs

Motion graphs

9th - 12th Grade

20 Qs

3.02_IM281 H. SEM I Review

3.02_IM281 H. SEM I Review

9th - 12th Grade

20 Qs

Income Statement

Income Statement

Assessment

Quiz

Other

9th - 10th Grade

Practice Problem

Hard

Created by

Poushali Roy

Used 45+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Income Statement is prepared at

Middle of the year

End of the year

Every 3 months

Every 6 months

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is recorded in the Income Statement

Expense & Income

Asset & Liability

All 5

Drawings

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you debit Income Statement it

increases profit

decreases profit

profit remains unchanged

None of these

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the Income St Expenses and Liability are

Debited

Credited

Both

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Prepaid expenses and income are

subtracted

added

multiplied

divided

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accrued expense and income is

added

subtracted

multiplied

divided

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Recording of income in Income Statement is

an opening entry

a closing entry

an adjustment entry

a rectification entry

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?