Quiz 1 of 0
Quiz
Time limit: 0
Quiz Summary
0 of 3 Questions completed
Questions:
Information
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You must first complete the following:
Results
Quiz complete. Results are being recorded.
Results
0 of 3 Questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- Current
- Review
- Answered
- Correct
- Incorrect
-
Question 1 of 3
1. Question
Select the correct term for this equation: REVENUE – EXPENSES = NET PROFIT OR LOSS
CorrectIncorrect -
Question 2 of 3
2. Question
Select the correct term: This is the method used by most businesses and preferred by accountants
CorrectIncorrect -
Question 3 of 3
3. Question
True or False: the risk with single entry accounting is that second side of the entry is not ultimately made and the balance sheet does not balance
CorrectIncorrect