Test Contabilidad básica

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Evaluación de Contabilidad básica tipo multiple choice en ingles B2

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Reorienta

Argentina

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Test Contabilidad básicaVersión en línea Evaluación de Contabilidad básica tipo multiple choice en ingles B2 por Reorienta 1 Which of the following correctly represents the accounting equation? a Assets = Liabilities − Equity b Assets = Liabilities + Equity c Assets + Expenses = Equity 2 Which item is classified as a current asset? a Property, plant, and equipment b Accounts receivable c Long-term debt 3 Depreciation primarily aims to: a Increase the value of assets b Allocate the cost of an asset over its useful life c Record cash outflows 4 Revenue should generally be recognized when: a Cash is received b The service or good is delivered c The invoice is prepared 5 If revenue is $50,000 and expenses are $32,000, what is net income? a $18,000 b $82,000 c $22,000 6 Which of the following is considered a liability? a Inventory b Accounts payable c Retained earnings 7 Paying off a short-term loan will: a Increase equity b Decrease both cash and liabilities c Increase expenses 8 Gross profit equals: a Revenue − Operating expenses b Revenue − Cost of goods sold c Assets − Liabilities 9 Retained earnings increase when the company: a Pays dividends b Purchases equipment c Earns net income 10 Which statement shows a company’s financial position at a specific date? a Income statement b Cash flow statement c Balance sheet

Test Contabilidad básicaVersión en línea

Evaluación de Contabilidad básica tipo multiple choice en ingles B2

por Reorienta

Which of the following correctly represents the accounting equation?

Assets = Liabilities − Equity

Assets = Liabilities + Equity

Assets + Expenses = Equity

Which item is classified as a current asset?

Property, plant, and equipment

Accounts receivable

Long-term debt

Depreciation primarily aims to:

Increase the value of assets

Allocate the cost of an asset over its useful life

Record cash outflows

Revenue should generally be recognized when:

Cash is received

The service or good is delivered

The invoice is prepared

If revenue is $50,000 and expenses are $32,000, what is net income?

$18,000

$82,000

$22,000

Which of the following is considered a liability?

Inventory

Accounts payable

Retained earnings

Paying off a short-term loan will:

Increase equity

Decrease both cash and liabilities

Increase expenses

Gross profit equals:

Revenue − Operating expenses

Revenue − Cost of goods sold

Assets − Liabilities

Retained earnings increase when the company:

Pays dividends

Purchases equipment

Earns net income

Which statement shows a company’s financial position at a specific date?

Income statement

Cash flow statement

Balance sheet

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Test Contabilidad básica

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Test Contabilidad básicaVersión en línea

por Reorienta

Which of the following correctly represents the accounting equation?

Which item is classified as a current asset?

Depreciation primarily aims to:

Revenue should generally be recognized when:

If revenue is $50,000 and expenses are $32,000, what is net income?

Which of the following is considered a liability?

Paying off a short-term loan will:

Gross profit equals:

Retained earnings increase when the company:

Which statement shows a company’s financial position at a specific date?

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