FINANCIAL ACCOUNTING W5

FINANCIAL ACCOUNTING W5

University

6 Qs

quiz-placeholder

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FINANCIAL ACCOUNTING W5

FINANCIAL ACCOUNTING W5

Assessment

Quiz

Financial Education

University

Medium

Created by

Adi Kurniawan Yusup

Used 1+ times

FREE Resource

6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The correct accounting equation is ...

Assets = Liabilities + Equity
Assets = Liabilities - Equity
Assets - Liabilities = Equity
Assets + Liabilities = Equity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one is NOT type of financial statement?

Balance sheet
Cash flow statement

Annual statement

Income statement

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which financial statement can we find the number of assets and liabilities?

Balance sheet
Income statement

Shareholders equity statement

Cash flow statement

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How to find NET INCOME?

Net Income = Total Revenue x Total Expenses
Net Income = Total Revenue - Total Expenses
Net Income = Total Revenue + Total Expenses
Net Income = Total Revenue / Total Expenses

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following activities is not included in the CASH FLOW STATEMENT?

Operating activities
Investing activities
Financing activities

Entertainment activities

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor DOES NOT AFFECT the ending balance of equity?

Dividend

Beginning balance of equity

Profit/loss

Debt