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Ch5 Income statement

Quiz by Khatoon Ahmed Mansoor AL Halwachi

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5 questions
Show answers
  • Q1
    If total Revenue is more than total Expense the result is .......................
    Net Income
    Net Loss
    30s
  • Q2
    Fees Income is classified as ....................
    Assets
    Revenue
    Expense
    30s
  • Q3
    Supplies used classified as ..................................
    Expense
    Revenue
    30s
  • Q4
    If company have the following accounts Cash 3,000 - A. Receivable 4,000 - Fees Income 6,500 - Rent Revenue 3,000 - Insurance Expense 2,200 - Wages Expense 4,000 Find the total Revenue
    6,200
    BD 9500
    60s
  • Q5
    If company have the following accounts Cash 3,000 - A. Receivable 4,000 - Fees Income 6,500 - Rent Revenue 3,000 - Insurance Expense 2,200 - Wages Expense 4,000 Find the Result
    Net loss 3,300
    Net Income 9500
    Net Income 3,300
    60s

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