Free Exam: Accounting - MC
Number of Questions in Test: 10
Number of Questions in Preview: 5
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Register nowQuestion 1
An accounting transaction occurs when:
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 2
The type of business organization that has the simplest form of accounting is:
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 3
From the Income Statement we know that the formula for Gross Profit is:
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 4
The Balance Sheet includes several sections. They are:
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 5
Debts that customers owe to a business are recorded in which section:
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |