Financial Accounting means to analyze, summarize, and record financial transactions and show an accurate picture of the company's financial affairs. This quiz will test your knowledge about Financial Principles and Accounting Concepts. Read the questions carefully. Let's try it out. All the best!
File
Record
Attribute
Field
Sourse document
General ledger
Cash budget
Subsidiary ledger
Account receivable
Petty cash
Retained earnings
Prepaid rent
Performance report
Financial statements
Budget
Chart of accounts
American Accounting Association (AAA)
Financial Accounting Standards Board (FASB)
Internal Revenue Service (IRS)
None
Balance Sheet
Income Statement
Statement Of Cash Flows
Statement Of Comprehensive Income
Statement Of Stockholders’ Equity
Extraordinary Items
Gains And Losses
Net Income
Deprecation
Cash Provided/used In Financing Activities
Cash Provided/used In Investing Activities
Cash Provided/used In Operating Activities
Supplemental Information
A Decrease In Inventory
An Increase In Accounts Payable
An Increase In Accounts Receivable
Depreciation Expense
Accumulated Other Comprehensive Income
Commitments And Contingencies
Significant Accounting Policies
Profit and Loss Statements