Quiz: Do you understand the Three Financial Statements?

The Profit & Loss, the Cash Flow Statement, and the Balance Sheet are three core statements intricately linked to one another.

Every public company issues them quarterly and annually to provide an overview of its financial health and ability to meet short-term and long-term financial obligations.

So what is the difference between the three different financial statements, and do you understand how you should use them?

Take the quiz to test your knowledge!

What is not covered in the P&L?

Sales Revenue

Cost of Goods Sold

Interest Expense

All of the above are included in the P&L

1 / 7

Startup

Quiz: Do you understand the Three Financial Statements?

What is not covered in the P&L?

Why is the cash flow statement important to your business?

What differentiates the cash flow statement from the P&L?

What does the balance sheet include at any point in time?

True or False? The cash flow statement can help a business owner or investors understand what cash flow issues the company may potentially deal with.

What is the correct balance sheet formula?

True or False? Equity, added together with the Liability total, should match or balance with your total assets.

Create Your Account Now

You might also like

Unlocking Better Banking with Wio Business

Customer centricity: Going beyond transaction

Reinventing a business model

Scale Your Business with the Right Banking Partner

Here's A Game-changing Banking Solution For Your Business

Wio Business Banking - #AlwaysOn

What's Behind the Innovation at Wio Business?

Why Should You Choose Wio Business?

Here are your alternatives if you can't afford a CFO

Financial Ratios: Benchmark your Company's Performance

Understanding your company's core Financial Statements

Understanding the Operations and Roles within the Finance Department

How Do You Manage Financial Risk?

Why does Financial Management matter?

Quiz: How Strong is your Financial Management Knowledge?

How much do you know about the Profit & Loss Statement?

Value Added Tax in the UAE: How to Register?

8 Values in a Profit & Loss Statement

Course: P&L Statement

Accounting 101: Do You Understand The Three Financial Statements?

Startup

Quiz: Do you understand the Three Financial Statements?

What is not covered in the P&L?

Why is the cash flow statement important to your business?

What differentiates the cash flow statement from the P&L?

What does the balance sheet include at any point in time?

True or False? The cash flow statement can help a business owner or investors understand what cash flow issues the company may potentially deal with.

What is the correct balance sheet formula?

True or False? Equity, added together with the Liability total, should match or balance with your total assets.

Create Your Account Now

You might also like

Unlocking Better Banking with Wio Business

Customer centricity: Going beyond transaction

Reinventing a business model

Scale Your Business with the Right Banking Partner

Here's A Game-changing Banking Solution For Your Business

Wio Business Banking - #AlwaysOn

What's Behind the Innovation at Wio Business?

Why Should You Choose Wio Business?

Here are your alternatives if you can't afford a CFO

Financial Ratios: Benchmark your Company's Performance

Understanding your company's core Financial Statements

Understanding the Operations and Roles within the Finance Department

How Do You Manage Financial Risk?

Why does Financial Management matter?

Quiz: How Strong is your Financial Management Knowledge?

How much do you know about the Profit & Loss Statement?

Value Added Tax in the UAE: How to Register?

8 Values in a Profit & Loss Statement

Course: P&L Statement

Accounting 101: Do You Understand The Three Financial Statements?

Stay ahead of the curve