Business is the institution in which people can make a living or help others by creating or buying, and selling goods and services. Accounting is the measuring, analyzing, and communicating financial information about businesses and corporations. This quiz necessitates your comprehension of what simplified equation best refers to Assets=Liability, what happens if you go bankrupt, what GNA stands for, etc. This quiz will help you learn the foundations of a business. Could you give it a go? If yes, let's get started.
Placement Equity
Price to Earning
Parameter Element
Price minus Equity
A=L+E
L+E = A
None of these are correct
L+E-A=Assets
Costs, spend
Costs, invest
Corners, mitigate
Spending, invest
True
False
True
False
True
False
Income Statement
Profit and Loss Statement
Orator
Master
King
Father
General Nominal Apposition
General and Administrative Expenses
Government National Association
Grandoire Name Act
True
False
Memo, Journal, Ledger
Ledger, Journal, Memo
Journal, Ledger, Audit
Memo, Ledger, Journal
True
False
Audit accounting
Establish marketing mix
Cut cost
Budget the books
True
False
Hotcakes story
Hotdog story
Pancake story
Rice story
Penetration
Skimming
True
False