Which of the following is the basic accounting equation?

Assets = Liabilities + Owner’s Equity

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GGOB Financial Literacy

15 termsStudBud Administration15 plays

A Game to introduce GGOB Financial Terms and Definitions

Flashcards15 cardsFPractice quizPHost liveL

Questions 15

Answers

1
Which Client had to displace old people to start their business
Royal Flowers
The Treatment Center
Deerfield Florida House
Andes Global Trading
2
This client can be seen riding around Broward County all hours of the day
Sheri Hamilton
Glenn Goldman
Charlie Flaxman
Joe LoMonaco
3
This Client's Caller ID reads "You're Screwed"
Caldwell Cooper
Kevin Reynolds
Mike Davis
Grant Cardone
4
Which of the following is the basic accounting equation?
In accounting language, profit and cash are the same
Owner’s Equity = Assets + Profits
Cost of Goods Sold – Sales = Net Income
Assets = Liabilities + Owner’s Equity
5
Membership for ASCII is found in which Scoreboard Line
Line - Hardware Sales
Line - Service Commission
Line - Dues & Subscriptions
Line - Office Expense
6
This client can often be seen waiting for a bus
Sandy Almeida
Jimmy Kim
Todd Branstetter
Charlie Flaxman
7
We use an antispam program called Reflexion – What Scoreboard line does it show up in?
Software Sales - #4200
Merchandise for CBI Use - #7120
MSP Expense - #5610
MSP Expense Taxable - #5615
8
What does the "BE" stand for in Agency BE
Biggest Events
Best Events
Blooming Events
Bodacious Events
9
A 1970's TV Series and TCPB have this in common
Bob Calamia
The city of Greenacres
They both deal with drug Rehab
Main characters relocated from NY
10
His trademark statement is 10X Better
Todd Branstetter
Grant Cardone
Caldwell Cooper
Mark Finocchio
11
Billing for our Connectwise agreement appears in which line
MSP Tools Expense
Office Expense
Merchandise for CBI Use
Dues & Subscriptions
12
This Clients business started with selling Toothbrushes
Royal Flowers
Andes Global Trading
Pinnacle Food Sales
Paper Partners
13
Non-Agreement Engineering labor contributes to this Line
MSP Staff Augmentation
MSP Revenue One Time
Professional Service
MSP VOIP Revenue
14
A financial statement that summarizes the revenues and expenses for a certain period
Score Board
BHAG
Income Statement
Balance Sheet
15
Which is not a Basic Principle of the Great Game
Buy Lunch for all Employees
Provide a Stake in the Outcome
Know and Teach the Rule
Follow the Action& Keep Score

GGOB Financial Literacy Flashcards | StudBud

GGOB Financial Literacy

15 termsStudBud Administration15 plays

A Game to introduce GGOB Financial Terms and Definitions

Flashcards15 cardsFPractice quizPHost liveL

Questions 15

Answers

1
Which Client had to displace old people to start their business
Royal Flowers
The Treatment Center
Deerfield Florida House
Andes Global Trading
2
This client can be seen riding around Broward County all hours of the day
Sheri Hamilton
Glenn Goldman
Charlie Flaxman
Joe LoMonaco
3
This Client's Caller ID reads "You're Screwed"
Caldwell Cooper
Kevin Reynolds
Mike Davis
Grant Cardone
4
Which of the following is the basic accounting equation?
In accounting language, profit and cash are the same
Owner’s Equity = Assets + Profits
Cost of Goods Sold – Sales = Net Income
Assets = Liabilities + Owner’s Equity
5
Membership for ASCII is found in which Scoreboard Line
Line - Hardware Sales
Line - Service Commission
Line - Dues & Subscriptions
Line - Office Expense
6
This client can often be seen waiting for a bus
Sandy Almeida
Jimmy Kim
Todd Branstetter
Charlie Flaxman
7
We use an antispam program called Reflexion – What Scoreboard line does it show up in?
Software Sales - #4200
Merchandise for CBI Use - #7120
MSP Expense - #5610
MSP Expense Taxable - #5615
8
What does the "BE" stand for in Agency BE
Biggest Events
Best Events
Blooming Events
Bodacious Events
9
A 1970's TV Series and TCPB have this in common
Bob Calamia
The city of Greenacres
They both deal with drug Rehab
Main characters relocated from NY
10
His trademark statement is 10X Better
Todd Branstetter
Grant Cardone
Caldwell Cooper
Mark Finocchio
11
Billing for our Connectwise agreement appears in which line
MSP Tools Expense
Office Expense
Merchandise for CBI Use
Dues & Subscriptions
12
This Clients business started with selling Toothbrushes
Royal Flowers
Andes Global Trading
Pinnacle Food Sales
Paper Partners
13
Non-Agreement Engineering labor contributes to this Line
MSP Staff Augmentation
MSP Revenue One Time
Professional Service
MSP VOIP Revenue
14
A financial statement that summarizes the revenues and expenses for a certain period
Score Board
BHAG
Income Statement
Balance Sheet
15
Which is not a Basic Principle of the Great Game
Buy Lunch for all Employees
Provide a Stake in the Outcome
Know and Teach the Rule
Follow the Action& Keep Score