1) Which fiscal declaration is used to determine money generated from operations?
A. Income declaration
B. Assertion of operations
C. Assertion of money flows
D. Retained earnings assertion
2) In phrases of sequence, in what order ought to the four common fiscal statements be ready?
A. Stability sheet, sales announcement, assertion of cash flows, and capital statement
B. Income announcement, capital statement, assertion of cash flows, and steadiness sheet
C. Balance sheet, capital declaration, assertion of cash flows, and revenue declaration
D. Earnings declaration, capital statement, stability sheet, and statement of cash flows
3) In classifying transactions, which of the next is true in regard to belongings?
A. Usual balances and increases are debits.
B. Average balances and reduces are credit.
C. Usual balances can either be debits or credits for belongings.
D. Natural balances are debits and increases can be debits or credits.
4) An expand in an price account have got to be
A. Debited
B. Credited
C. Both debited or credited, relying on the instances
D. Capitalized
No comments:
Post a Comment