Accounting 101
Quiz
•
Business
•
12th Grade - University
•
Hard

Harry Aung
Used 44+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economic resources controlled by a company are reported in the financial statements as
assets
liabilities
equity
expenses
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the ending date of a financial year in Australia?
April 30
June 30
July 1
December 31
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cost accounting is a form of
financial accounting
management accounting
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
EBIT may also refer to as
revenue
net income after tax
gross profit
operating income
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the ratio would you use to evaluate the liquidity of a company?
Debt ratio
Asset turnover ratio
Current ratio
Gearing ratio
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a financial report in a company's annual report?
Balance sheet
Budgeted income statement
Cashflow statement
Statement of profit and loss
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The tax rate for large companies in Australia is generally
10%
30%
50%
There is no corporate tax in Australia.
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