Quizz 1 FAD
Authored by imen ben chikh
Financial Education
University
Used 3+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The balance sheet is:
A document that includes all the accounting records for a fiscal year.
The document that presents the results achieved during the past fiscal year.
A summary account that provides an overview of the company's assets and liabilities.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The balance sheet summarizes a company's performance.
True
False
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A business goodwill is part of:
Tangible assets
Intangible assets
Equity
Current liabilities
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Equity is considered to be:
Financing debts
Liabilities
The company's net worth
Assets
Liabilities
The company's net worth
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In which section do we record the company's negative bank balance?
Liabilities
Equity
Financial assets
Cash
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The income statement reflects:
The company's net worth
The losses and gains of the company over an accounting period
The expenses and revenues related to the company's current operations
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
On the liabilities side of the balance sheet, we find:
Loans
Fixed assets
Receivables
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