GMCC
Philippines
Accounting?
Guess
100

Should you include shipping and sales tax on a fixed asset schedule?

Yes

100

What is the national Fruit? 

Mangoes 

100

Which of the following is an asset account?

Prepaid Insurance

100

Where in Teams can you find the "Job Names" spreadsheet for Financial Cents?

GMC Consulting Group - Knowledge Base - Financial Cents - Job Names

200

When a company has a new vendor, what should the vendor fill out?

W-9

200

What's the nickname of the country? 

Pearl of the Sea 

200

Does the heading of a balance sheet indicate a period of time or a point in time?

Point In Time

200

What's the fastest land animal and a TV show?

Cheetah 

300

When does depreciation start?

a. When an item is purchased

b. When it starts being used

c. never

b. when it starts being used

300

Who was the first president of the Philippines? 

Emilio Aguinaldo 

300

Which financial statement reports the adjustments for foreign currency translation?

Statement Of Comprehensive Income

300

What Indian food is cooked over charcoal and a clay oven?

Tandoori

400

What type of compliance filing is the fraud document for that Gina shared with us this week? 

a) Business License

b) 1099

c) Statement of Information

c) Statement of Information

400

What is the national bird in the Philippines? 

Monkey eating eagle. Known as the Philippine eagle 

400

What type of accounts are Prepaid Insurance, Prepaid Advertising, and Prepaid Expenses?

Asset

400

What is the only edible food that doesn't go bad? 

Honey 

500

What is the filed on the 1099-Misc?

a) Consulting & professional Services

b) Product Sales

c) Rent & Prize money

c) Rent & Prize money

500

What is the name of the world's longest underground river?

Puerto Princesa Subterranean River

500

Which of the following items will require a journal entry to the company's books?

Bank Service Charge

500

The unicorn is what countries national animal? 

Scotland 

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