← SetsAccounting Principles — Set 8
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Accounting Principles Practice Questions — Set 8
10 free Accounting Principles reviewer questions with answers and explanations. Pindutin ang sagot mo para makita agad kung tama — kasama na ang paliwanag. Set 8 of 10.
71
Accrued revenue represents:
72
What is the purpose of adjusting entries?
73
A company receives ₱150,000 on October 1 for 6 months of services. What is the December 31 revenue?
74
Which type of adjusting entry involves previously recorded assets or liabilities?
75
Interest of ₱5,000 has accumulated on a note payable but won't be paid until next period. What entry is needed?
76
The current ratio is calculated as:
77
A company has current assets of ₱500,000 and current liabilities of ₱200,000. What is the current ratio?
78
Which ratio measures profitability by comparing net income to sales?
79
Return on Assets (ROA) is calculated as:
80