1. A financial statement that summarizes company revenue and expenses is?

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2. Which one of the following tangible fixed assets would not normally be depreciated?

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3. Which financial statement presents a summary of the Assets, Liabilities, and Owners' Equity of a firm?

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4. Subtracting all expenses from revenues yields?

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5. A financial statement to show what a business owns and owes at a particular point in time?

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6. If the Gross profit is Rs. 5,000 and the net profit is 25% of the Gross profit. The expenses must be?

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7. A financial document that indicates the success or failure of a business trading over a period of time is called?

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8. The report of company that shows overall profit on the sale of their goods or the provision of their services?

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9. A company has, by the end of its financial period, paid out more Tax than it has to pay. How would this be shown in the balance sheet?

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10. Which of the following financial statements is also known as financial condition?

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Financial Statements (1-10)
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Excellent ***
Very Good **
Good *
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