Froggy Jumps: Accounting Vocabulary Quiz


Froggy Jumps Accounting Vocabulary QuizOnline version Test your knowledge of accounting vocabulary terms and definitions with this quiz game! by Jamie Jenkins 1 What is an Invoice? a A document used to notify a customer that payment is due. b A Payment c A Type of Bill 2 What is a Balance Sheet? a The snapshot of what your business has and what you owe at a given point in time. b A sheet thats balanced. c A list of payments owed. 3 What is Equity Capital? a Investments b Investments made by shareholders, who purchase shares in the company's stock. c Shareholders who purchase shares of a company. 4 What is Debt Capital? a The loan. b Debts or obligations owed by a company. c The capital that a business raises by taking out a loan. 5 What is an Income Statement? a Statements that report a company's financial performance over a specific accounting period. b The total value of a company's assets. c A statement that shows the paymnets that a company has made. 6 What are Financial Ratio's a Comparison points for companies that evaluate stocks within an industry. b A companies expenses vs their income. c The total value of a company's assets. 7 What is Line of Credit? a The movement of money into or out of a business. b The credit that a company or buisness has. c An amount of credit extended to a borrower. 8 What is Collateral? a An asset that a business owner promises to hand over to a lender if they fail to repay the loan. b Something important to a person. c An item that a lot of people want from that buisness. 9 What is Factoring a Where buisnsses sell its accounts invoices to a third party to meet short term liquidity needs. b A type of math needed to be done to figure out a businesses expenses. c A type of math. 10 What is a Cash Flow Analysis Statement? a A listing of the flows of cash into and out of the business or project. b The percentage of revenue that is left after deducting expenses. c The total value of a company's assets. 11 What is Return on Investment a Directly measures the amount of return on a particular investment relative to the investment's cost. b Returns of products made by customers c Investmnets that did not work out for a company. 12 What is Return on Equity a The qualitly on a product. b A measure of financial performance calculated by dividing net income by shareholders' equity. c Complains made by costomers about a company. 13 What is a Chart of Accounts a An organization tool. b Tool that provides a complete listing by category of every account in the ledger of a company. c Accounts that have been made with a company. 14 What is Cash a Money in coins or notes. b Money in the form of paper bills c Credit cards 15 What is Accounts Receivable a The balance of money due to a firm for goods that have been delivered or used but not yet paid for b Accounts that have received a product. c Accounts that are in debt to a company. 16 What are Fixed Assets? a Assets which are purchased for long-term use. b Assets in which a company needs. c Assets that companies don't need. 17 What are Liquid Assets a Cash on hand, cash on bank deposit, and assets that can be quickly and easily converted to cash. b Retirment Accounts c Business needs. 18 What are Illiquide Assets a Assets that cannot be quickly or easily converted into cash for their fair market value. b Assets with lower values then Liquid Assets c Assets with higher values then Liquide Assets

1

What is an Invoice?

a

A document used to notify a customer that payment is due.

b

A Payment

c

A Type of Bill

2

What is a Balance Sheet?

a

The snapshot of what your business has and what you owe at a given point in time.

b

A sheet thats balanced.

c

A list of payments owed.

3

What is Equity Capital?

a

Investments

b

Investments made by shareholders, who purchase shares in the company's stock.

c

Shareholders who purchase shares of a company.

4

What is Debt Capital?

a

The loan.

b

Debts or obligations owed by a company.

c

The capital that a business raises by taking out a loan.

5

What is an Income Statement?

a

Statements that report a company's financial performance over a specific accounting period.

b

The total value of a company's assets.

c

A statement that shows the paymnets that a company has made.

6

What are Financial Ratio's

a

Comparison points for companies that evaluate stocks within an industry.

b

A companies expenses vs their income.

c

The total value of a company's assets.

7

What is Line of Credit?

a

The movement of money into or out of a business.

b

The credit that a company or buisness has.

c

An amount of credit extended to a borrower.

8

What is Collateral?

a

An asset that a business owner promises to hand over to a lender if they fail to repay the loan.

b

Something important to a person.

c

An item that a lot of people want from that buisness.

9

What is Factoring

a

Where buisnsses sell its accounts invoices to a third party to meet short term liquidity needs.

b

A type of math needed to be done to figure out a businesses expenses.

c

A type of math.

10

What is a Cash Flow Analysis Statement?

a

A listing of the flows of cash into and out of the business or project.

b

The percentage of revenue that is left after deducting expenses.

c

The total value of a company's assets.

11

What is Return on Investment

a

Directly measures the amount of return on a particular investment relative to the investment's cost.

b

Returns of products made by customers

c

Investmnets that did not work out for a company.

12

What is Return on Equity

a

The qualitly on a product.

b

A measure of financial performance calculated by dividing net income by shareholders' equity.

c

Complains made by costomers about a company.

13

What is a Chart of Accounts

a

An organization tool.

b

Tool that provides a complete listing by category of every account in the ledger of a company.

c

Accounts that have been made with a company.

14

What is Cash

a

Money in coins or notes.

b

Money in the form of paper bills

c

Credit cards

15

What is Accounts Receivable

a

The balance of money due to a firm for goods that have been delivered or used but not yet paid for

b

Accounts that have received a product.

c

Accounts that are in debt to a company.

16

What are Fixed Assets?

a

Assets which are purchased for long-term use.

b

Assets in which a company needs.

c

Assets that companies don't need.

17

What are Liquid Assets

a

Cash on hand, cash on bank deposit, and assets that can be quickly and easily converted to cash.

b

Retirment Accounts

c

Business needs.

18

What are Illiquide Assets

a

Assets that cannot be quickly or easily converted into cash for their fair market value.

b

Assets with lower values then Liquid Assets

c

Assets with higher values then Liquide Assets

Accounting Vocabulary Quiz

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Accounting Vocabulary Quiz

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Accounting Vocabulary QuizOnline version

by Jamie Jenkins

What is an Invoice?

What is a Balance Sheet?

What is Equity Capital?

What is Debt Capital?

What is an Income Statement?

What are Financial Ratio's

What is Line of Credit?

What is Collateral?

What is Factoring

What is a Cash Flow Analysis Statement?

What is Return on Investment

What is Return on Equity

What is a Chart of Accounts

What is Cash

What is Accounts Receivable

What are Fixed Assets?

What are Liquid Assets

What are Illiquide Assets