Trivia Thursday

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    Iheonu Nkechi Gloria 3 years ago

    Let's have some fun and learn a little about accounting and bookkeeping today. Let's test our knowledge on this fun quiz. Join in and participate!

    1. Which financial statement displays the revenue and expenses of a company for a period of time?

    a. Income Statement
    b. Balance Sheet
    c. Cash Flow Statement
    d. Statement of Equity

    2. What is Shareholder's Equity?
    a. Sales of products or services
    b. Owner's claim to resources
    c. Resources owned
    d. Amounts owed

    3. Bills payable a/c are shown in the balance sheet under the head.

    a. Provisions
    b. Reserves and Surplus
    c. Secured Loans
    d. Current Liabilities


    Thanks for joining our fun accounting quiz play!

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