Trắc nghiệm 1

The money that a business uses for everyday expenses or has available for spending is called…

• Equities

• Share capital

• Working capital

• Debt

The part of its profit that a company pays to its shareholders is a….

• Earnings

• Dividend

• Retained earning

• Net income

Financial accounting includes bookkeeping, and preparing financial statements for shareholders and ……( people or organizations who have lent money to a company).

• Creditors

• Debtors

• Owners

• Tax authorities

….. is a system that records two aspects of every transaction.

• Single-entry bookkeeping

• Double- entry bookkeeping

• Bookkeeping

• Summarizing & recording

Customers usually come here looking for……

• Financial

• Finances

• Finance

• Financing

SEC-registered companies, also known as

• Listed

• Quoted

• Limited

• Privat

Is sales revenue minus the cost of sales, before deductions for administration expenses, interest charge, etc…..

• Net profit

• Gross profit

• Earnings per share

• Return on equity

Good stored ready for sale are called…..

• Ledger

• Inventory

• Credit

• Debit

…..is a business arrangement in which several people work together, and share the risks and profit.

• A sole trader

• A corporation

• A partnership

• Limited company

According to the ……. Principle, companies record the orginal purchase price of asset, and not their current selling price or replarcement cost

• Historical cost

• Full dislosure

• Objectivity

• Revenue recognition