4 Written questions
4 Multiple choice questions
- Used to control cash in a business
- Shows the Net Income or the Net Loss for the business
- a financial statement that lists assets, liabilities, and capital of a business.
- Statement of Financial Position
3 True/False questions
Balance Sheet → a financial plan extending ususally for one-year.
Income Statement → show the movement of cash into and out of the business.
Checking Account → Allows depositors to write checks rather than pay bills with cash.