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4 Written questions

4 Multiple choice questions

  1. Shows the Net Income or the Net Loss for the business
  2. Statement of Financial Position
  3. Profit and loss statement
  4. Shows the basic accounting equation

3 True/False questions

  1. Checking AccountDemand Deposit


  2. Balance Sheeta financial statement that lists assets, liabilities, and capital of a business.


  3. Cash Flow Statementfinancial document that reports total revenue and expenses for a specific period.