Accounting Basics Quiz

Froggy Jumps

Parties jouées 0

Créer une copie

Fundamentals of accounting

ROSANA TUGUINAY

Philippines

Il n'y a toujours pas de résultats pour ce jeu. Soyez le premier à apparaître dans le classement! Connectez-vous pour vous identifier.

Créez votre propre jeu gratuite à partir de notre créateur de jeu

Affrontez vos amis pour voir qui obtient le meilleur score dans ce jeu

Créer un défi

Imprimez votre jeu

Accounting Basics Quiz


Froggy Jumps Accounting Basics QuizVersion en ligne Fundamentals of accounting par ROSANA TUGUINAY 1 What is the economic resource a company owns called? a Asset b Revenue c Liability 2 What represents the company’s obligation to settle a future outflow? a Equity b Liability c Asset 3 What does equity represent in financial statements? a Owner’s claim after liabilities b Future revenues c Cash on hand 4 Which side of a double-entry system increases assets or decreases liabilities? a Credit b Expense c Debit 5 What principle requires recording revenues and expenses when earned or incurred? a Accrual basis b Conservatism c Cash basis 6 Which financial statement shows income and expenses over a period? a Balance sheet b Statement of cash flows c Income statement 7 What does GAAP stand for? a General Accounting and Auditing Practices b Greatly Accepted Accounting Protocols c Generally Accepted Accounting Principles 8 What type of account increases with a credit entry? a Asset accounts b Expense accounts c Liability and Equity accounts 9 Which method allocates the cost of tangible assets over their useful life? a Impairment b Amortization c Depreciation 10 What categorizes the business activities into events, like sales and purchases? a Trial balance b Chart of accounts c Financial statement