Accounting Facts
Under which section of the Cash Flow do proceeds from the sale of equipment used in the business go?
Investing
What begins with an 'e' and only contains one letter?
An envelope
Who was the first Prime Minister of St. Kitts and Nevis?
Kennedy Simmonds
What is the normal balance for stockholders' equity accounts?
Debit or Credit
Credit
How many chocolates can you eat if your stomach is empty?
1 - after that your stomach is no longer empty
What day is National Hero's Day celebrated?
September 16
When reconciling the bank account, what do you do with outstanding cheques?
-Add to book balance
-Deduct from the book balance
-Add to the bank balance
-Deduct from the bank balance
Deduct from the bank balance.
I go in hard, I come out soft. You blow me hard. What am I?
Gum
What year did Nevis have its first Premier? Who was it?
1983, Simeon Daniel
An account payable on the books of the buyer should be an account ______ on the books of the seller.
What is full of holes but still holds water?
A sponge
How many parishes are in the federation? Which one is the largest?
14 parishes - St. James
Assets are usually reported on the balance sheet at which amount?
Cost
Lovely and round, I'm shimmery white, grown in the darkness, a lady's delight. What am I?
A pearl
What is the national dance of St. Kiits and Nevis?
Masquerade