Income Statement Test Questions

If you need a refresher course on this topic take a look at our basics of bookkeeping tutorials and our income statement tutorial.

Income statement test questions. For fill in the blank questions press or click on the blank space provided. You can skip questions if you would like and come. Do the following transactions result in an increase in net income for the business. Answer yes or no.

Choose your answers to the questions and click next to see the next set of questions. Start the income statement quiz. Preparing income statements chapter exam instructions. If you have difficulty answering the following questions learn more about this topic by reading our income statement explanation.

For multiple choice and true false questions simply press or click on what you think is the correct answer. Income statement test questions. Test your knowledge of double entry bookkeeping with our income statement quiz. A single step income statement contains four measures of profitability while a multi step income statement contains one measure of profitability.