Accountant

A Statement of financial position B Income statement C Statement of cash flows D Statement of changes in equity

A Liabilities = Assets + Equity B Assets = Liabilities + Equity C Assets = Revenue - Expenses D Equity = Assets + Revenue

A Share capital B Accounts payable C Sales revenue D Cash

A To calculate cash flow only B To replace the general ledger C To record credit sales D To check whether total debits equal total credits

A Trial balance B Bank statement C Journal D Statement of financial position

A Accounts receivable B Prepaid expenses C Accounts payable D Inventory

A Recognition of sales revenue B Payment of a liability C Systematic allocation of a depreciable asset's cost over its useful life D An increase in an asset's market value

A (Cost - Residual value) / Useful life B Residual value / Cost C Cost + Residual value D Cost × Useful life

A Original purchase price B Annual maintenance cost C Estimated amount recoverable from an asset at the end of its useful life, less disposal costs D Accumulated depreciation

A An amount paid in advance for a future benefit B A liability due immediately C An expense incurred but not paid D Revenue received but not earned