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!
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
Balance Sheet
Income Statement
Cash Flow Statement
Statement of retained earnings
Assets and liabilities
Income and expenses
Receipts and payments
Bank Reconciliation Statement
Balance sheet
Income statement
Cash Flow
Taxation
Cost of goods sold
Operating expenses
Long-term assets
Current liabilities
Current assets
Assets
Revenue
Cash flow
2
1
3
Trial balance
Chart of accounts
Balance sheet
Trial balance
Chart of accounts
Balance sheet
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