Year end adjustments _Income Statement

Year end adjustments _Income Statement

12th Grade

14 Qs

quiz-placeholder

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Year end adjustments _Income Statement

Year end adjustments _Income Statement

Assessment

Quiz

Education

12th Grade

Hard

Created by

Tutor King

FREE Resource

14 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

Media Image

Record the impact that trading stock will have on the financial statements ?

show all workings ,upload a picture of your answer

Evaluate responses using AI:

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2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Trading stock will be recorded as ?

trading stock deficit

under operating expenses

trading stock surplus

under other income

3.

OPEN ENDED QUESTION

3 mins • 3 pts

Media Image

Record the rent income in the statement of comprehensive income?

show all working out and upload a picture of your answer.

Evaluate responses using AI:

OFF

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Rent Income is ?

Received in advance for 3 months

received in advance for 2 months

accrued/outstanding for 2 months

accrued or outstanding for 3 months

5.

OPEN ENDED QUESTION

3 mins • 1 pt

Media Image

Record the provision for bad debts in the Statement of Comprehensive income ?

show all workings and upload a picture of your answer.

Evaluate responses using AI:

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6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Provision for bad debts adjustment is an ?

INCOME

EXPENSE

7.

OPEN ENDED QUESTION

3 mins • 2 pts

Media Image

Record the insurance in the Income Statement ?

show all workings and upload a picture

Evaluate responses using AI:

OFF

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