3 Written questions
3 Multiple choice questions
- The difference between total revenue and total expenses when total expenses is greater.
- A financial statement showing the revenue and expenses for a fiscal period.
- A columnar accounting form used to summarize the general ledger information needed to prepare the financial statements.
2 True/False questions
balance sheet → A financial statement that reports assets, liabilities, and owner's equity on a specific date.
fiscal period → A proof of the equality of debits and credit in a general ledger.