1.
Balance sheet is also known as:
2.
The statement of Financial Position gives the receipts minus the payments of an organization which is called as:
3.
The statement of financial position gives the information about the status of an organization by:
4.
The statement of Financial Position gives the information about
5.
All the following are included in the statement of financial position expect:
6.
Assets are shown in the balance sheet as
7.
Liabilities are shown in the balance sheet as:
8.
A company buys goods for $100 and pays $ 90. The amount owed to suppliers is $20. The company has bought $ 100 worth of goods. The amount owed to creditors is:
9.
Which assets are labeled as non-physical items:
10.
The statement of financial position will give the information about
11.
The amount of money that a company owes to its creditors is called:
12.
A company has Inventory worth $100 and some accounts payable amounting to $60. In this case, the amount of current liabilities is
13.
Which one of the following is included in the income statement ?
14.
The statement of financial position gives information about:
15.
The balance sheet of a company will show short term loans and short term investments as:
16.
The statement of financial position shows the details about the current liabilities. For example, what do you think the statement would show for a company that buys goods for $100 and pays $90 ?
17.
A company's current liabilities include all short-term or current monetary obligations or debts that the organization owes to others as
18.
The balance sheet of a company will show long term loans and long term investments as:
19.
. The statement of operations gives details about:
20.
The statement of financial position gives information about:
21.
An account that shows the amount of money a company has gained or lost is:
22.
Which of the following are not included in the statement of financial position?
23.
The term 'Financial Statement's covers
24.
The form of balance sheet is
25.
The term current asset doesn't cover
26.
P&L statement is also known as
27.
Which of the following is true about financial statements?
1.Financial statement gives a summary of accounts.
2. Financial statements can be stated as recorded facts.
