Financial Accounting Quiz - Key terms 2

Financial Accounting Quiz - Key terms 2

12th Grade

58 Qs

quiz-placeholder

Similar activities

Assessment Paper 1 - POA

Assessment Paper 1 - POA

8th Grade - Professional Development

60 Qs

Balance Sheet Quiz

Balance Sheet Quiz

10th - 12th Grade

61 Qs

IAF_4-5

IAF_4-5

12th Grade

62 Qs

Intro to Business and Economics- DH

Intro to Business and Economics- DH

9th - 12th Grade

58 Qs

Accounting Summative Test

Accounting Summative Test

9th - 12th Grade

57 Qs

Statement of Consolidated Income (Profit & Loss)

Statement of Consolidated Income (Profit & Loss)

12th Grade

60 Qs

Personal and Business Finance LA: A, C AND D

Personal and Business Finance LA: A, C AND D

9th - 12th Grade

63 Qs

VCE BM U3 AOS1 Vocabulary

VCE BM U3 AOS1 Vocabulary

11th - 12th Grade

58 Qs

Financial Accounting Quiz - Key terms 2

Financial Accounting Quiz - Key terms 2

Assessment

Quiz

Business

12th Grade

Hard

Created by

Victoria Reding

FREE Resource

58 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for income that has been earned but the money has not yet been received?

Authorised share capital

Accrued income

Capital income

Prepaid income

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the maximum amount of share issue that a company has agreed can be issued?

Bonus issue

Rights issue

Authorised share capital

Capital reserves

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for issuing additional shares to existing shareholders at no cost?

Rights issue

Bonus issue

Authorised share capital

Capital expenditure

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What concept states that transactions recorded in an organisation’s accounts can only relate to that organisation?

Materiality

Business entity

Consistency

Accruals

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term refers expenditure on the purchase of non-current assets, including costs involved in buying and improving the non-current asset?

Capital expenditure

Capital income

Revenue expenditure

Revenue income

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the accounting ratio that assesses the proportion of finance that comes from borrowed sources?

Return on capital employed

Current ratio

Capital gearing

Liquid capital ratio

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is income from sources other than regular day-to-day operations called?

Accrued revenues

Capital income

Revenue income

Bonus issue

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

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?