Ch5 Income statement
Quiz by Khatoon Ahmed Mansoor AL Halwachi
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5 questions
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- Q1If total Revenue is more than total Expense the result is .......................Net IncomeNet Loss30s
- Q2Fees Income is classified as ....................AssetsRevenueExpense30s
- Q3Supplies used classified as ..................................ExpenseRevenue30s
- Q4If 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 Revenue6,200BD 950060s
- Q5If 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 ResultNet loss 3,300Net Income 9500Net Income 3,30060s