Financial Vocabulary Knowledge Test: Quiz

15 Questions | Total Attempts: 59

SettingsSettingsSettings
Financial Vocabulary Knowledge Test: Quiz - Quiz

Financial vocabulary knowledge test: quiz. One of the things you learn during the first finance classes is what different words mean. If you are a new student and are looking to test out some of the new vocubalary this quiz is for you. Do give it a shot and get to refresh your memory on some of the most used words. All the best and keep a look out for quizzes just like it!


Questions and Answers
  • 1. 
    Accounts Receivable
    • A. 

      Current Asset

    • B. 

      Negative Income

    • C. 

      Negative Asset

    • D. 

      Non-Current Liability

    • E. 

      Non Current Asset

    • F. 

      Negative Equity

    • G. 

      Income

    • H. 

      Equity

    • I. 

      Current Liability

    • J. 

      Expense

  • 2. 
    Accounts Payable
    • A. 

      Current Asset

    • B. 

      Negative Income

    • C. 

      Negative Asset

    • D. 

      Non-Current Liability

    • E. 

      Non Current Asset

    • F. 

      Negative Equity

    • G. 

      Income

    • H. 

      Equity

    • I. 

      Current Liability

    • J. 

      Expense

  • 3. 
    Goodwill
    • A. 

      Current Asset

    • B. 

      Negative Income

    • C. 

      Negative Asset

    • D. 

      Non-Current Liability

    • E. 

      Non Current Asset - > Intangible Asset

    • F. 

      Negative Equity

    • G. 

      Income

    • H. 

      Equity

    • I. 

      Current Liability

    • J. 

      Expense

  • 4. 
    Capital
    • A. 

      Current Asset

    • B. 

      Negative Income

    • C. 

      Negative Asset

    • D. 

      Non-Current Liability

    • E. 

      Non Current Asset - > Intangible Asset

    • F. 

      Negative Equity

    • G. 

      Income

    • H. 

      Equity

    • I. 

      Current Liability

    • J. 

      Expense

  • 5. 
    Profit for the Year
    • A. 

      Current Asset

    • B. 

      Negative Income

    • C. 

      Negative Asset

    • D. 

      Non-Current Liability

    • E. 

      Non Current Asset - > Intangible Asset

    • F. 

      Negative Equity

    • G. 

      Income

    • H. 

      Equity

    • I. 

      Current Liability

    • J. 

      Expense

  • 6. 
    Inventory
    • A. 

      Current Asset

    • B. 

      Negative Income

    • C. 

      Negative Asset

    • D. 

      Non-Current Liability

    • E. 

      Non Current Asset - > Intangible Asset

    • F. 

      Negative Equity

    • G. 

      Income

    • H. 

      Equity

    • I. 

      Current Liability

    • J. 

      Expense

  • 7. 
    Bank Overdraft
    • A. 

      Current Asset

    • B. 

      Negative Income

    • C. 

      Negative Asset

    • D. 

      Non-Current Liability

    • E. 

      Non Current Asset - > Intangible Asset

    • F. 

      Negative Equity

    • G. 

      Income

    • H. 

      Equity

    • I. 

      Current Liability

    • J. 

      Expense

  • 8. 
    Accrued Income
    • A. 

      Current Asset

    • B. 

      Negative Income

    • C. 

      Negative Asset

    • D. 

      Non-Current Liability

    • E. 

      Non Current Asset - > Intangible Asset

    • F. 

      Negative Equity

    • G. 

      Income

    • H. 

      Equity

    • I. 

      Current Liability

    • J. 

      Expense

  • 9. 
    Accrued Expense
    • A. 

      Current Asset

    • B. 

      Negative Income

    • C. 

      Negative Asset

    • D. 

      Non-Current Liability

    • E. 

      Non Current Asset - > Intangible Asset

    • F. 

      Negative Equity

    • G. 

      Income

    • H. 

      Equity

    • I. 

      Current Liability

    • J. 

      Expense

  • 10. 
    Shares in BroSir LTD
    • A. 

      Current Asset

    • B. 

      Negative Income

    • C. 

      Negative Asset

    • D. 

      Non-Current Liability

    • E. 

      Non Current Asset - > Investments

    • F. 

      Negative Equity

    • G. 

      Income

    • H. 

      Equity

    • I. 

      Current Liability

    • J. 

      Expense

  • 11. 
    Loan (12% per annum due 15/03/2040)
    • A. 

      Current Asset

    • B. 

      Negative Income

    • C. 

      Negative Asset

    • D. 

      Non-Current Liability

    • E. 

      Non Current Asset - > Investments

    • F. 

      Negative Equity

    • G. 

      Income

    • H. 

      Equity

    • I. 

      Current Liability

    • J. 

      Expense

  • 12. 
    Drawings
    • A. 

      Current Asset

    • B. 

      Negative Income

    • C. 

      Negative Asset

    • D. 

      Non-Current Liability

    • E. 

      Non Current Asset - > Investments

    • F. 

      Negative Equity

    • G. 

      Income

    • H. 

      Equity

    • I. 

      Current Liability

    • J. 

      Expense

  • 13. 
    Allowance for Doubtful Debts
    • A. 

      Current Asset

    • B. 

      Negative Income

    • C. 

      Negative Asset

    • D. 

      Non-Current Liability

    • E. 

      Non Current Asset - > Investments

    • F. 

      Negative Equity

    • G. 

      Income

    • H. 

      Equity

    • I. 

      Current Liability

    • J. 

      Expense

  • 14. 
    GST
    • A. 

      Current Asset

    • B. 

      Negative Income

    • C. 

      Negative Asset

    • D. 

      Non-Current Liability

    • E. 

      Non Current Asset - > Investments

    • F. 

      Negative Equity

    • G. 

      Income

    • H. 

      Equity

    • I. 

      Current Liability

    • J. 

      Expense

  • 15. 
    Total Carrying Amount
    • A. 

      Current Asset

    • B. 

      Negative Income

    • C. 

      Negative Asset

    • D. 

      Non-Current Liability

    • E. 

      Non Current Asset - > Property, Plant and Equipment

    • F. 

      Negative Equity

    • G. 

      Income

    • H. 

      Equity

    • I. 

      Current Liability

    • J. 

      Expense

Back to Top Back to top