12 Questions
Which of the following is a core financial statement?
The Trial Balance
Which of the following is a form of the income statement?
Single Step Income Statement
Which account types increase by debits in double-entry accounting?
Assets, Expenses, Losses
Where are accounts receivable found in the balance sheet?
Current asset section
Which of the following is NOT a field of accounting?
Marketing accounting
Who are the stakeholders that accounting information is communicated to?
Investors, creditors, and regulators
What is the primary focus of financial accounting?
Preparing financial statements for external users
Which of the following is NOT a field of accounting?
Public accounting
Which of the following is a key role of accounting?
Measuring and processing financial information
What is accounting often referred to as?
The language of business
Which of the following is a field of accounting that focuses on the measurement, analysis, and reporting of financial information to external users?
Financial accounting
Which of the following is NOT a stakeholder to whom accounting information is communicated?
Customers
Test your knowledge of financial statements with this quiz! Identify which statement is not considered a core financial statement among the options provided.
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