A: Trading account
B: Profit and loss account
C: Trial balance
D: Balance sheet
举一反三
- When the financial statements are prepared, the Bad Debts Account is closed by a transfer to the A: Balance Sheet B: Profit and Loss Account C: Trading Account D: Al lowance for Doubtful Debts Account
- When preparing a budgeted balance sheet, the balance in the cash account is found on the ________.
- The official settlements balance or balance of payments is the sum of the current account balance and the capital account balance.
- A firm's ________ reports the profit or loss for the firm over a specified time period. A: income statement B: balance sheet C: statement of cash flows D: bank statement
- Stock purchased was debited incorrectly to the motor vehicles account. The effect on the profit and loss account would be ？ A: Asset unaffected B: Asset understated C: Profit unaffected D: Profit affected
内容
- 0
The process of posting journal into ledger account is called( ) A: Analysing B: Journalizing C: Posting D: The trial balance
- 1
Operating ROA is calculated<br/>as __________ while ROE is calculated as ____ A: EBIT/Total Assets; Net Profit/Total Assets B: Net Profit/Total Assets; EBIT/Total Assets C: EBIT/Total Assets; Net Profit/Equity D: Net Profit/EBIT; Sales/Total Assets
- 2
An account linked with another account that has an opposite normal balance and that is subtracted from the balance of the related account is a(): ____ A: Accrued expense. B: Contra account. C: Accrued revenue. D: Intangible asset.
- 3
If a company presents its balance sheet in a format that includes subtotals for current assets, current liabilities, noncurrent assets, and noncurrent liabilities, it is most likely presented:（） A: in an account format. B: as a classified balance sheet. C: as a functional balance sheet.
- 4
If the U.S. donated $56B worth of medicine to Uganda, the net effect on the ________ would be ________. A: unilateral transfers account, positive B: trade balance, negative C: trade balance, zero D: capital accounts, positive