10 Questions
___ is used to measure the variation in cash between the beginning and the end of a period
Cash Flow Statement
Assets = Equity + ___
Liabilities
A journal entry must affect at least 2 accounts: one must be debited and the other one must be ___
credited
___ activities include sources and uses of cash from financing and investing
Cash Flow
Classification of assets into current and non-current is important in understanding a company's ___ position
financial
The relationship between the P&L (Profit & Loss) statement and the Balance Sheet is an important ___ concept
accounting
___ is the cash generation available for distribution among all financing parties of a company
Free Cash Flow (FCF)
In bookkeeping, a journal entry must have equal debit and ___ amounts
credit
___ accounting methods consider the lifetime of an investment for depreciation
Straight line or complex
P&L statement records all ___ and losses as debits, and all incomes and gains as credits
expenses
Test your knowledge on accounting entries by identifying the debited and credited accounts for various transactions. Questions include recording investments, sales, and inventory transactions.
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