Take this quick multiple choice question (MCQs) test about financial statements. These MCQs will help you to prepare for your exams, interviews, and other assessments. Just click the "Start quiz" button to begin the quiz. If you find it difficult to answer any of these questions, check out the article on financial statements from our website's explanation section. 1. Revenue profit Revenue gain Capital profit Capital gain See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Capital profit (option 3). 2. Final dividend Interim dividend Unclaimed dividend Proposed dividend See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Interim dividend (option 2). 3. Dividend declared Issued capital Subscribed capital Paid-up capital See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Paid-up capital (option 4). 4. Distributed profit Undistributed profit None of the above See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Undistributed profit (option 2). 5. Time Turnover Purchases See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Turnover (option 2). 6. Time Purchases Turnover See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Purchases (option 2). 7. Revenue losses Capital losses Liabilities See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Capital losses (option 2). 8. At the end of the financial year During the financial year At the time of dissolution At the time of incorporation See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is During the financial year (option 2). 9. Assets Liability Deduction in paid-up capital See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Liability (option 2). 10. Reserve fund Dividends payable Income and expense statement Unclaimed dividend See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Dividends payable (option 2). View Results Related quizzes: Financial statements: Short questions Financial statements: Fill in the blanks Financial Statements MCQs FAQs What factors should be considered when making decisions in accounting? When making decisions in accounting, it is essential to consider all relevant factors. Some of the factors that may be considered include the company’s financial position, Cash Flow, profitability, and business strategy. What are some common accounting decisions? In accounting, decision-making is the process of choosing between two or more courses of action to achieve the desired outcome. Factors that should be considered when making decisions include the company’s financial position, Cash Flow, profitability, and business strategy. Accountants use the information to make decisions by analyzing data and trends to make informed decisions to help the company achieve its goals. How do accountants make decisions? Accountants use the information to make decisions by analyzing data and trends. This information can come from Financial Statements, internal reports, surveys, and other sources. By analyzing this data, accountants can make informed decisions to help the company achieve its goals. What are some common accounting decision-making models? Common accounting decision-making models include the rational decision model, the incremental decision model, and the satisficing decision model. Each of these models has its own set of steps that should be followed when deciding. About the Author True Tamplin, BSc, CEPF® Facebook Linkedin Instagram Twitter Youtube True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists. True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics. To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.
Take this quick multiple choice question (MCQs) test about financial statements. These MCQs will help you to prepare for your exams, interviews, and other assessments. Just click the "Start quiz" button to begin the quiz. If you find it difficult to answer any of these questions, check out the article on financial statements from our website's explanation section. 1. Revenue profit Revenue gain Capital profit Capital gain See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Capital profit (option 3). 2. Final dividend Interim dividend Unclaimed dividend Proposed dividend See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Interim dividend (option 2). 3. Dividend declared Issued capital Subscribed capital Paid-up capital See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Paid-up capital (option 4). 4. Distributed profit Undistributed profit None of the above See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Undistributed profit (option 2). 5. Time Turnover Purchases See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Turnover (option 2). 6. Time Purchases Turnover See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Purchases (option 2). 7. Revenue losses Capital losses Liabilities See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Capital losses (option 2). 8. At the end of the financial year During the financial year At the time of dissolution At the time of incorporation See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is During the financial year (option 2). 9. Assets Liability Deduction in paid-up capital See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Liability (option 2). 10. Reserve fund Dividends payable Income and expense statement Unclaimed dividend See answer Awesome! Your answer is correct. Your answer is incorrect. The correct answer is Dividends payable (option 2). View Results