- Fundamentals of Accounting - Easy 2
- Quick Multiple Choice Quiz, Test Yourself!
- Refresh Your Basics in Accounting.
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How is Working Capital Calculated?
Current Assets - Current Liabilities
Assets - Liabilities
Current Liabilities - Current Assets
Current Assets + Current Liabilities
What is the Journal Entry for Goods Given in Charity?
Charity A/C Dr. | To, Cash A/C Cr.
Charity A/C Dr. | To, Purchases A/C Cr.
Purchases A/C Dr.| To, Charity A/C Cr.
International Financial Reporting System
International Financial Revenue Standards
International Financial Reporting Standards
Copyright is a Fictitious Asset.
Which one of these is an Indirect Expense?
Rent For Premises
A Person Who Owes an Amount to the Business for a Credit Sale is Called?
Are Bookkeeping and Accounting Exactly the Same?
Which of these is an External user of Financial Statements?
What type of expenditure is "Purchase of Furniture"?
Deferred Revenue Expenditure
None of the above
What is the Journal Entry for Depreciation?
Asset A/C Dr. | To Depreciation A/C Cr.
Depreciation A/C Dr. | To Cash A/C Cr.
Depreciation A/C Dr. | To Bank A/C Cr.
Depreciation A/C Dr. | To Asset A/C Cr.
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Accounting Fundamentals – Easy 2
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