The process of keeping the financial records of a business is known as
Business Essentials Unit 4 Review

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Computers
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12th Grade
•
Medium
Flexcia Dowell
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
accounting.
controlling.
financing.
bookkeeping.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Checks, receipts, invoices, and purchase orders are examples of
financial statements.
department ledgers.
source documents.
accounting standards.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What accounting record would summarize a business’s profit or loss for a previous year?
Income statement
Balance sheet
Bank statement
Inventory record
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following financial reports provides estimates of when, where, and how much money will come into and out of a business next year:
Balance sheet
Cash flow statement
Income statement
Bank statement
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are accurate accounting records important to a business?
They give the business an image of success.
They increase the return on investments.
They show how the business is doing.
They prevent any financial losses.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Finance is the business function that involves managing
information.
marketing.
production.
money.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The finance function would definitely be involved in a decision regarding
public relations and publicity.
new business projects and strategies.
personal selling.
hiring.
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