# 1เลือกประเภทWhat does the term "asset" refer to in accounting?A type of loanA liabilitySomething a company ownsA tax regulation
# 2เลือกประเภทWhich financial statement shows a company’s revenues and expenses?Balance sheetIncome statementStatement of cash flowsEquity report
# 3เลือกประเภทWhat is “liability” in accounting?A type of incomeAn assetA company’s legal debt or obligationA financial benefit
# 4เลือกประเภทWhat does “debit” usually represent in a company’s account?An increase in assetsAn increase in liabilitiesA reduction in expensesAn increase in revenue
# 5เลือกประเภทWhat is the role of an accountant?To manage customer serviceTo plan marketing strategiesTo handle warehouse inventoryTo prepare and examine financial records
# 7เลือกประเภทWhat does GAAP stand for?Government Accounting and Audit ProgramGeneral Accounting and Analysis PolicyGenerally Accepted Accounting PrinciplesGeneral Auditing and Accounting Procedure
# 8เลือกประเภทWhat is “equity” in financial terms?Company’s debtTotal assets minus total liabilitiesA form of cashMonthly salary
# 9เลือกประเภทWhich of these is NOT a part of the basic accounting equation?AssetsLiabilitiesRevenueOwner’s equity
# 10เลือกประเภทWhat does “fiscal year” mean?A year that starts in January and ends in DecemberA company’s yearly tax paymentAny 12-month period used for financial reportingA government budget plan