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Froggy Jumps
Froggy Jumps

Final Accounts Quiz Challenge

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Final Accounts Quiz Challenge

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About this activity

Test your knowledge on final accounts with this fun quiz game!

Created by

Hetal Shah
Hetal Shah
India

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Final Accounts Quiz Challenge
 

Froggy Jumps

Final Accounts Quiz ChallengeOnline version

Test your knowledge on final accounts with this fun quiz game!

by Hetal Shah
1

What is the primary purpose of final accounts?

2

Which of the following is NOT a component of final accounts?

3

What does the Income Statement show?

4

What is the Balance Sheet used for?

5

How many stages does the process of final accounting have?

6

Organise the order of the process of final accounting.

7

What does the term 'current assets' refer to?

8

Which of these statements of false?

9

A profit and loss sheet is prepared

10

Statements prepared to indicate the profit or loss and financial position of the business are called:

11

The debit side of a trading account records:

12

Closing stock is recorded in the:

13

Expenses relating to sale of goods are shown in:

14

Carriage outward is an example of:

15

Discount received is an example of:

16

Properties, items, and receivables with certain value that are owned by a business are called:

 
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