Accounting 1 Vocabulary

12 Questions | Total Attempts: 17

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Accounting 1 Vocabulary

Quiz to help you remember basic accounting terms and key elements in a balance sheet, P&L and cash flow statement.


Questions and Answers
  • 1. 
    Stuff you find in a Balance Sheet (CJFC version). Click all answers that apply.
    • A. 

      Fixed Assets

    • B. 

      Current Assets

    • C. 

      Receivables

    • D. 

      Inventory

    • E. 

      Less Payables

    • F. 

      Opening Equity

    • G. 

      Profit for the year

    • H. 

      Closing Equity

    • I. 

      Sales

    • J. 

      Depreciation

    • K. 

      Total Costs

    • L. 

      Texas

  • 2. 
    Stuff you find in a Profit and Loss Statement. Click all answers that apply.
    • A. 

      Sales

    • B. 

      Depreciation

    • C. 

      Running Costs

    • D. 

      Consultants and Gurus

    • E. 

      Other expenses

    • F. 

      Total Costs

    • G. 

      Profit

    • H. 

      Inventory

    • I. 

      Receivables

    • J. 

      Payables

    • K. 

      Free Cash Flow

    • L. 

      Net Cash Flow

    • M. 

      Jokes

  • 3. 
    Stuff you find in a Cash Flow Statement. Click all answers that apply.
    • A. 

      Profit from Operations

    • B. 

      Depreciation

    • C. 

      Free Cash Flow

    • D. 

      Net Cash Flow

    • E. 

      Cash Flow at the Beginning

    • F. 

      Cash Flow at the End

  • 4. 
    • Opening Equity               100p
    • Opening Share Price      100p
    • Dividend                          5p
    • Retained Earnings          5p
    • Closing Equity                 105p
    • Closing Share Price         95p
    Click all the answers that apply:
    • A. 

      The Return on Equity can be Income/Opening Equity

    • B. 

      Dividend + Share Price = Income

    • C. 

      Total Shareholder Return can be(Dividend + Change in Share Price)/Opening Equity

    • D. 

      Retained Earnings + Dividend = Income

    • E. 

      TSR = 0%

    • F. 

      ROE = 100%