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8 questions
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- Q11. The beginning capital of Jadine Trading is P728,000. During the year the owner made an additional investment of P20,000 and withdrew P35,000 for personal use. Net income during the year amounted to P45,000. What is the amount of the owner’s equity in the statement of financial position?P748,000P713,000P728,000P758,000120sBM_FABM12-Ie-9
- Q22. Which of the following is a real account?Service RevenueCost of Goods SoldCashLoans PayableCompensation ExpensePrepaid Expenses120sABM_FABM12- Ia-b-1
- Q33. Notes to Financial Statements is one of the company's communication of financial information to people outside of the company.NeutralStrongly AgreeAgreeStrongly DisagreeDisagree120sABM_FABM12- Ia-b-1
- Q44. Who is the payee on the written check on this image?Lino CoTina Go120sABM_FABM12- IIc-8
- Q55. Which of the following is NOT considered as a type of bank documents?120s
- Q66. It is the party that has been directed by the depositor to pay a certain sum of money to the person presenting the check.Users re-arrange answers into correct orderJumble120sABM_FABM12- IIc-8
- Q77. What is the correct order of the following assets on Balance Sheet?Users re-arrange answers into correct orderJumble120sABM_FABM12- Ia-b-1
- Q88. Amounts earned by a company in its main operating activities are called gains.falsetrueTrue or False120sABM_FABM12- Ic-d-5
