单选题 "Accounts Payable" is a(n)
A、Asset
B、Liability
C、Equity
D、Expense
单选题 In a business negotiation, the term "force majeure" clause typically covers:
A、Price adjustments.
B、Payment terms.
C、Unforeseeable circumstances that prevent fulfilling the contract.
D、Product quality specifications.
单选题 Which financial ratio would a potential creditor likely use to evaluate a company's ability to meet its short-term obligations?
A、Return on Equity (ROE)
B、Debt-to-Equity Ratio
C、Current Ratio
D、Gross Profit Margin
单选题 The accounting equation is
A、Assets = Liabilities + Equity
B、Assets + Liabilities = Equity
C、Assets = Liabilities - Equity
D、Assets - Equity = Liabilities
单选题 The initial record of a business transaction is made in the
A、Ledger
B、Trial Balance
C、Journal
D、Balance Sheet
单选题 Which financial statement shows the changes in equity over a period?
A、Income Statement
B、Balance Sheet
C、Statement of Cash Flows
D、Statement of Owner's Equity
单选题 The purpose of the "Trial Balance" is to
A、Prepare the financial statements
B、Check the equality of debits and credits after posting
C、Record daily transactions
D、Calculate the company's tax
单选题 Which of the following is an example of an expense?
A、Sales Revenue
B、Loan from Bank
C、Investment by Owner
D、Rent Paid