Financial Accounting
Financial Accounting Challenge
Test your knowledge of financial accounting with our engaging quiz! This quiz covers various aspects of accounting, including internal users of financial information, business activities, and key financial statements.
Join us to learn more about the world of finance and discover if you have what it takes to ace this quiz!
- 10 challenging questions
- Multiple-choice and text-based answers
- Perfect for students and accounting enthusiasts
Name an internal user of Financial Information
IRS
Investors
HRM department
Creditors
Which of the following is not a business activity?
Investing
Recruiting
Operating
Financing
Which of the following documents provide information on where from cash was earned and how was the cash used?
Statement of Cash Flow
Retained Earnings Statement
Income Statement
Balance sheet
What is included in Retained Earnings Statement?
Dividends
Revenue
Expenses
Net income/Net loss
Current Liabilities
Cash
Retained Earnings in the beginning of the period
Assets in the balance sheet include: current assets, long-term investments, propery plant equipment and ...
A company bought a truck with useful lifetime of 5 years for $6000. What will be the accumulated depreciation in 2 years after the purchase? Assume that the depreciable base of the truck is $5000.
$2400
$2000
$3000
None
Which ratio measures the ability of the company to survive over a long time of period?
Profitability Ratio
Liquidity Ratio
Solvency Ratio
Survival Ratio
In the end of accounting period Bruno Ltd showed net income of $13770, paid dividends in amount of $1000, and had average amount of shares outstanding during the year in amount of 483. What is the Earning per share of Bruno Ltd?
28,5
26,4
30,5
23,8
Which accounting principle is described by the following sentence: Account reports include only those things that can be expressed in money
Relevance
Monetary Unit
Economic Entity
Materiality
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