Who once said “Accounting is a language of business”?
Bill Gates
Warren Buffett
Adam Smith
Milton Friedman
Which one is NOT one of financial statements?
Balance Sheet
Income Statement
Trial Balance
Cash flow Statement
What is the equation of Statement of Financial Position?
Assets=Liabilities+Equity
Profit=Revenue - Cost
Net cash flow= Cash inflow- Cash outflow
Total cost = Fixed cost+Variable cost
Which one is NOT one of the main economic activities of most companies?
Operating activities
Financing activities
Marketing activities
Investing activities