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Financial statements

Assessment

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Deleted User

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Other

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10th - 12th Grade

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183 plays

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Hard

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20 questions

Show answers

1.

Multiple Choice

30 sec

1 pt

The main source of revenue for a trading business

Sales

Dividends

Fees received

Capital

2.

Multiple Choice

30 sec

1 pt

A possible main source of revenue for service business

Fees received

Sales

Interest received

Capital

3.

Multiple Choice

30 sec

1 pt

Decrease in revenue of a trading business

Sales returns

Purchase returns

Bad debts

Drawings

4.

Multiple Choice

1 min

1 pt

Stock at the beginning of the year

Opening Inventory

Sales

Purchases

Drawings

5.

Multiple Choice

30 sec

1 pt

Goods purchased during the year

Sales

Inventory

Purchases

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