Financial Accounting

Financial Accounting Challenge

Test your knowledge of financial accounting with our engaging quiz! This quiz covers various aspects of accounting, including internal users of financial information, business activities, and key financial statements.

Join us to learn more about the world of finance and discover if you have what it takes to ace this quiz!

10 challenging questions
Multiple-choice and text-based answers
Perfect for students and accounting enthusiasts

10 Questions2 MinutesCreated by CalculatingEagle257

Which of the following documents provide information on where from cash was earned and how was the cash used?

Statement of Cash Flow

Retained Earnings Statement

Income Statement

Balance sheet

A company bought a truck with useful lifetime of 5 years for $6000. What will be the accumulated depreciation in 2 years after the purchase? Assume that the depreciable base of the truck is $5000.

$2400

$2000

$3000

None

Which ratio measures the ability of the company to survive over a long time of period?

Profitability Ratio

Liquidity Ratio

Solvency Ratio

Survival Ratio

In the end of accounting period Bruno Ltd showed net income of $13770, paid dividends in amount of $1000, and had average amount of shares outstanding during the year in amount of 483. What is the Earning per share of Bruno Ltd?

28,5

26,4

30,5

23,8

Which accounting principle is described by the following sentence: Account reports include only those things that can be expressed in money

Relevance

Monetary Unit

Economic Entity

Materiality

Financial Accounting

Financial Accounting Challenge

More Quizzes