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Financial Statements Quizzes, Questions & Answers

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This quiz for Prelim Accounting1-1st Semester SY 2018-2019 assesses knowledge of basic accounting principles, financial statements, and the accounting equation. It is designed to test the understanding of key accounting concepts...

Questions: 29  |  Attempts: 159   |  Last updated: Mar 21, 2023
  • Sample Question
    The Accounting Equation is: ASSETS  =  LIABILITIES + OWNER'S EQUITY  OR ASSETS - LIABILITIES = OWNER'S EQUITY
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This 'Cash Flow Statements Trivia Questions!' quiz assesses your understanding of cash flow statement components, including operating, investing, and financing activities. It is ideal for learners aiming to enhance their...

Questions: 6  |  Attempts: 2580   |  Last updated: Mar 21, 2023
  • Sample Question
    Debit means
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Explore the fundamentals of sole trader accounts with this engaging trivia quiz. Test your understanding of assets, liabilities, and profit calculations, and learn how purchases and net profit fit into financial statements. Ideal...

Questions: 13  |  Attempts: 2119   |  Last updated: Mar 21, 2023
  • Sample Question
    Which of the following is not an asset?
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Explore key financial concepts in the Accounting Quiz 201! Assess your understanding of income statements, inventory management, and merchandising costs. This quiz is ideal for learners aiming to enhance their accounting skills...

Questions: 41  |  Attempts: 604   |  Last updated: Mar 22, 2023
  • Sample Question
    The largest expense on the income statement for most merchandising companies is:
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Explore the intricacies of cash flow statements with this trivia quiz! Dive into questions about activities reported in cash flow statements, different types of financial activities, and practical scenarios to calculate net cash...

Questions: 74  |  Attempts: 770   |  Last updated: Mar 21, 2023
  • Sample Question
    All of the following activities are reported on the statement of cash flows except:
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