Financial Accounting means to analyze, summarize, and record financial transactions as well as to show an accurate picture of the financial affairs of the company. This basic quiz has been developed to test your knowledge of Financial Accounting Concepts and principles. So, let's try out the quiz. All the best!
Assets and liabilities
Income and expenses
Receipts and payments
Bank Reconciliation Statement
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Balance sheet
Income statement
Cash Flow
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Long-term assets
Current liabilities
Current assets
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Trial balance
Chart of accounts
Balance sheet
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Balance Sheet
Income Statement
Cash Flow Statement
Statement of retained earnings
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Taxation
Cost of goods sold
Operating expenses
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Assets
Revenue
Cash flow
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Trial balance
Chart of accounts
Balance sheet
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Income is greatly effected.
No income statement effect. Purely balance sheet.
Balance sheet is not effected
One thru three are all correct
None of the above
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