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FP 1.02 Vocab Word
Test Description: FP 1.02 vocab words
Instructions: Answer all questions to get your test result.
1) knowledge and facts in useful form
A
information
B
accounts payable
C
acquire
D
accounts receivable
2) Money a company owes
A
accounting
B
accounts receivable
C
accounts payable
D
acquire
3) Money that is owed to a company
A
acquire
B
assets
C
accounts payable
D
accounts receivable
4) To buy or obtain
A
assets
B
accounting
C
acquire
D
accounts payable
5) Resources owned by a business or an individual
A
acquire
B
accounts payable
C
accounting
D
assets
6) appropriate to the matter at hand
A
relevant
B
accounting
C
acquire
D
assets
7) An estimate of income and expenditures over a certain period of time
A
accounting
B
budget
C
contract
D
consistent
8) Unchanging
A
consistent
B
budget
C
accounting
D
acquire
9) impartial, unbiased
A
relevant
B
assets
C
neutral
D
accounting
10) Facts and figures
A
contract
B
assets
C
accounting
D
data
11) Records that show a business’s financial activities
A
financial statements
B
assets
C
budget
D
balance sheet
12) A financial record that measures a company's performance during a certain period of time,
A
data
B
assets
C
income statement
D
balance sheet
*select an answer for all questions
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