Business

11th

grade

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The Income Statement

13
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12 questions

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  • 1. Multiple Choice
    30 seconds
    1 pt

    Which of the following items will NOT impact Cash

    Sales

    Credit Sales

    Drawings

    Loan

  • 2. Multiple Choice
    30 seconds
    1 pt

    The business has a Net loss but a cash surplus. This could be due to

    Receipts from Accounts Receivable being greater than Credit Fees

    GST Paid

    GST Settlement

    Drawings

  • 3. Multiple Choice
    30 seconds
    1 pt

    Which of the following is NOT an Expense

    Supplies

    Supplies Used

    Inventory of Supplies

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