General Knowledge
Accounting
100

What is the dot on top of the letter ā€˜i’ is called?

A Tittle

100

What accounts are in an Income statement?

Expenses, Revenues, Net Income or Net Loss

200

Which birds can fly backwards?

Hummingbirds

200

This can be written either in an account form or a report form.

Balance Sheet


300

King, Coho and Silver are subspecies of what fish?

Salmon

300

 A group of accounts with a common characteristic, such as all customer accounts is a...?

Subsidiary ledger

400

Where are French fries from?

Belgium

400

A $100 petty cash fund has cash of $21 and valid receipts for $80. The journal entry upon replenishment would include a...?

Credit to Cash Over and Short for $1

500

What is the tendency of Earth's rotation to turn winds called?

Coriolis Effect


500

If current assets are $1,500 and current liabilities are $1,000, the current ratio is ...?

1.5 to 1