Business accounting us a field under accounting. If you own a business or work for a business as an accountant, then this quiz is definitely for you. It has the most pertinent questions we bet you won't be able to answer. Try it!
Cost
Current Market Value
Expected Selling Price
Selling price
Profitable
Payable
Risked
Losing
Profits
Losses
Risks
Liabilities
Capital
Asset
Drawing
Liability
Debited
Credited
Depends on what kind of payment
Nothing changes
Repayment of a bank loan
Dividends to stockholders
The purchase of land
Payment of the current period's rent
Accounts receivable
Accounts payable
Sales
Cash
Drinking lots of coffee
Noting down the debits and credits
Interpreting the accounts and financial activity
Recording transactions and financial activity
Three
Two
One
Four
$20,000
$60,000
$220,000
$140,000