Basic Accounting Fun
Authored by jeruk nutrisari
Financial Education
1st Grade
Used 1+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do we call money that comes in?
Income
Savings
Expense
Debt
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do we call money that goes out?
Profit
Revenue
Expense
Income
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a record of all transactions called?
ledger
receipt
invoice
journal
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for what a business owns?
Expenses
Assets
Revenue
Liabilities
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for what a business owes?
Liabilities
Equity
Revenue
Assets
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do we call the difference between income and expenses?
Gross Income
Net Income
Operating Profit
Total Revenue
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a simple way to keep track of money?
Rely on memory to remember expenses.
Use a credit card for all purchases without tracking.
Keep all cash in a jar at home.
Use a budgeting app or spreadsheet to track income and expenses.
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