← Set 6 Test
4 Written Questions
4 Multiple Choice Questions
- Shows the basic accounting equation
- Shows the Net Income or the Net Loss for the business
- Demand Deposit
- Allows depositors to write checks rather than pay bills with cash.
3 True/False Questions
Checking Account → Used to control cash in a business
Cash Flow Statement → show the movement of cash into and out of the business.
Income Statement → Profit and loss statement