Grade 8 ( Level Hard ) Quiz

Grade 8 ( Level Hard ) Quiz

Question Number 1

This is the cost of renting building or machine.

Question Number 2

It is the cost to repair vehicles, machine or building.

Question Number 3

These are the amount spent on materials used on operations.

Question Number 4

Fares, toll fees, and gas expenses

Question Number 5

It includes telephone, electricity, and water.

Question Number 6

It is the amount of interest on loan.

Question Number 7

Or professional fees are payments.

Question Number 8

It is the cost to insure machine or building.

Question Number 9

It is the cost of an asset into expense over its service life.

Question Number 10

It is the amount spent for promotion.

Question Number 11

These are decreases in equity.

Question Number 12

This asset is expected to be converted into cash in the near future.

Question Number 13

The statement that reports the revenues and expenses of an accounting period.

Question Number 14

It shows the financial information about a company.

Question Number 15

It increases in equity.

Question Number 16

These are payable for more than one year.

Question Number 17

It is the amount of money from equity investors.

Question Number 18

This is assets that are expected to be useful for more than one year.

Question Number 19

These are goods for sale, supplies and partially finished products that will be sold upon completion.

Question Number 20

It is the amount that has been earned during the operations of the company