Balance Sheet And Income Statement Quiz

Income statement practice quiz print pdf.

Balance sheet and income statement quiz. The financial statement that and shows a company s operating performance for a specific year is the income statement. Balance sheet income statement name sophia vasquez today s date please use the following list. Start studying income statement balance sheet. Expenses net income revenue.

Balance sheet income statement cash flow statement working capital and liquidity financial ratios bank reconciliation and payroll accounting. It not only provides all the essential material to succeed. Accounting accounting quizzes. So before you start get yourself a piece of paper and a pen.

The 4 financial statements are balance sheet income statement statement of cash flows and statement of owner s equity. The financial statement that summarizes a company s assets liabilities and shareholder s equity at a specific point of time is the balance sheet. 9th 12th grade. This is in terms of its net income or loss and is broken down by its revenues and expenses.

When an owner draws 5 000 from a sole proprietorship or when a corporation declares and pays a 5 000 dividend the asset cash decreases by 5 000. The income statement can be expressed as an equation. Balance sheet practice quiz print pdf. Expanded accounting equation quiz.

Preview this quiz on quizizz. Pro testimonial accountingcoach pro is an exceptional service. As you re going through this quiz and selecting your answers please also write them down on a separate sheet of paper number the questions 1 10 and put your answers next to them. The solution sheet on the following page only shows the solutions and not whether you got each of the questions right or wrong.

The 4 financial statements are balance sheet income statement statement of cash flows and statement of owner s equity. Revenue expenses net income loss revenue expenses income loss. Income statement balance sheet draft. What is the other effect on the balance sheet.

Click here to learn more. Learn vocabulary terms and more with flashcards games and other study tools. Income statement balance sheet draft. View and balance sheet income statement quiz 1 pdf from ap physics 101 at mill creek high school.