Fbla accounting 1 - Study guides, Class notes & Summaries

FBLA Accounting 1 (Updated 2024) | 157 Actual Questions and Answers 100% Correct

FBLA Accounting 1 Exam with 100% Correct Answers Gain - Answer- An increase in equity resulting from activity other than selling goods or services. Gain on plant assets - Answer- An increase in equity that results when a plant asset is sold for more than book value. Loss - Answer- A decrease in equity resulting from activity other than selling goods or services. Loss on plant assets - Answer- The decrease in equity that results when a plant asset is sold for less than book value. ...

FBLA Accounting 1 Questions and Answers Rated A+ Return on investment The ration of the money earned on investment relative to the amount of the investment. Real property Land and anything attached to the land. Personal property All property not classified as real property. Assessed value The value of an asset determined by tax authorities for the purpose of calculating taxes. Plant asset record An accounting form on which a business records information about each plant asset. Gain An incre...

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FBLA Accounting 1 Questions and Answers 100% Correct Return on investment The ration of the money earned on investment relative to the amount of the investment. Real property Land and anything attached to the land. Personal property All property not classified as real property. Assessed value The value of an asset determined by tax authorities for the purpose of calculating taxes. Plant asset record An accounting form on which a business records information about each plant asset. ...

FBLA Accounting 1 Test | Latest 2024/25 | RATED A+

FBLA Accounting 1 Questions and Answers 100% Correct Return on investment The ration of the money earned on investment relative to the amount of the investment. Real property Land and anything attached to the land. Personal property All property not classified as real property. Assessed value The value of an asset determined by tax authorities for the purpose of calculating taxes. Plant asset record An accounting form on which a business records information about each plant asset. ...

FBLA Accounting 1 (Updated 2024) | 157 Actual Questions and Answers 100% Correct

FBLA Accounting 1.

FBLA Accounting 1 Exam