Financial Accounting Test

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1. What is GAAP?

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About This Quiz
Financial Accounting Test - Quiz

Financial Accounting is a field concerned with analysis, reports and summary of financial transactions of a business. It is governed by both international and local accounting standards. It is a wide field which has got the interest of millions of people all over the world. What do you know? Try... see morethese quiz. see less

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2. What is a revenue earned but not yet collected called?

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3. Which of these is an intangible asset?

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4. What is it called when expenditure is more than revenue?

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5.
What statement reports the net cash flows relating to operating, investing, and financing activities for a period of time?

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6. Which of these is not a component of financial statement?

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7. What government agency has the authority to set accountable methods in the United states?

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8. Financial accounting belongs to what field?

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9. What are economic resources with the ability to provide future benefits?

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10. What is the cash paid to acquire an asset?

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What is GAAP?
What is a revenue earned but not yet collected called?
Which of these is an intangible asset?
What is it called when expenditure is more than revenue?
What statement reports the net cash flows relating to operating,...
Which of these is not a component of financial statement?
What government agency has the authority to set accountable methods in...
Financial accounting belongs to what field?
What are economic resources with the ability to provide future...
What is the cash paid to acquire an asset?
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