Complete this quiz on worksheets to test your knowledge and prepare for your exams and interviews. The test contains 10 multiple choice questions (MCQs). In this test, each MCQ has 4 answers, and you need to choose the correct response. If you find some questions difficult, you can learn what's required on the worksheet page. 1. Trial balance Balance sheet Financial statement Worksheet See answer 2. Worksheet Financial statement Balance sheet Trial balance See answer 3. 8 10 12 14 See answer 4. Two pairs of amount columns Three pairs of amount columns Four pairs of amount columns Five pairs of amount columns See answer 5. Bookkeeping Accounting Management Budgeting See answer 6. Income statement Balance sheet Financial statement Cost of goods sold statement See answer 7. Statement Working paper Book of account None of the above See answer 8. Journal Trial balance Ledger None of the above See answer 9. Journal Ledger Balance sheet Worksheet See answer 10. Part of teh permanent record Part of the financial statement Both of the above None of the above See answer View Results Worksheet 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.
Complete this quiz on worksheets to test your knowledge and prepare for your exams and interviews. The test contains 10 multiple choice questions (MCQs). In this test, each MCQ has 4 answers, and you need to choose the correct response. If you find some questions difficult, you can learn what's required on the worksheet page. 1. Trial balance Balance sheet Financial statement Worksheet See answer 2. Worksheet Financial statement Balance sheet Trial balance See answer 3. 8 10 12 14 See answer 4. Two pairs of amount columns Three pairs of amount columns Four pairs of amount columns Five pairs of amount columns See answer 5. Bookkeeping Accounting Management Budgeting See answer 6. Income statement Balance sheet Financial statement Cost of goods sold statement See answer 7. Statement Working paper Book of account None of the above See answer 8. Journal Trial balance Ledger None of the above See answer 9. Journal Ledger Balance sheet Worksheet See answer 10. Part of teh permanent record Part of the financial statement Both of the above None of the above See answer View Results