Find out if you have what it takes!

Results

-

100%. Well done!

You certainly have what it takes!

Uh ohh!

Maybe a little more reading would help!

#1. What will usually cause an asset account to increase?

#2. Accounting entries involve a minimum of how many accounts?

#3. The financial statement that reports the assets, liabilities, and stockholders’ (owner’s) equity at a specific date is the

#4. Under the accrual basis of accounting, revenues are reported in the accounting period when the

#5. Unearned Revenues is what type of account?

#6. When a company pays a bill, the account Cash will be

#7. The listing of all of the accounts available for use in a company’s accounting system is known as the

#8. What is base rate income tax?

#9. What is not allowable expense for corporation tax?

#10. How do you call an expense for which payment is made in advance?

finish