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Q 1/7
Score 0
Which of the following uses the correct format in writing the date for the Statement of Financial Position?
30
for the month ended December 31, 2019
as of December 31, 2019
December, 2019
for the year ended December 31, 2019
Q 2/7
Score 0
Which of the following is considered as permanent account?
30
Salary expense
accounts payable
cash
Cost of goods sold
Sales
7 questions
Q.
Which of the following uses the correct format in writing the date for the Statement of Financial Position?
1
30 sec
Q.
Which of the following is considered as permanent account?
2
30 sec
Q.
San Juan Corporation will issue a check amounting P 180,000.00 to DEF Company as payment for their unpaid supplies. In filling up the check, what should be written on the space after " Pay to the order of"?
3
30 sec
Q.
It is a business document that provides evidence of sale of a service or product.
4
30 sec
Q.
It includes cash, cash equivalents, accounts receivables, inventories, prepaid liabilities and other liquid assets.
5
45 sec
Q.
Arrange then following assets based on its liquidity.
6
30 sec
Q.
The Statement of Financial Position shows the company's assets, liabilities and equity as well as its income and expenses.
