Accounting Basics Quiz

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By MasterfulIdiom

Quiz

Flashcards

4 Questions

Which of the following best defines an account?

What is the purpose of an account?

In accounting, what does the term 'net income' refer to?

Which financial statement would include the net income of a company?

Description

Test your knowledge of basic accounting concepts with this quiz. Explore the definition and purpose of an account, understand the concept of 'net income', and identify the financial statement that includes it.

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