Accounting Principles 1: Finance Fundamentals Quiz
Difficulty Level :
10 Questions
Popular Questions In Accounting Principles 1: Finance Fundamentals Quiz
- What is the basic accounting equation?
- Which of these is considered a current asset?
- What is depreciation?
- Which financial statement reports a company's performance over a period of time?
- What is the purpose of a trial balance?
- What is the meaning of 'COGS'?
- Which of the following is a liability?
- What accounting principle requires revenue to be recognized when earned, regardless of when cash is received?
- What is owner's equity?
- Which account is increased with a debit entry?