Quiz 43: Cash Flow Classification Quiz

Test your knowledge of double entry bookkeeping with our cash flow classification quiz.

Using the indirect method for preparing a cash flow statement, cash flows can be classified as either operating, financing or investing. This quiz tests if you know how to classify each cash flow.

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If you need a refresher course on this topic take a look at our basic cash flow statement tutorial.

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Click on an answer to reveal whether its Right! or Wrong

1. Identify the cash flow classification for the following item: Payment of electricity expenses?
Wrong
Right!
Wrong
2. Identify the cash flow classification for the following item: Bonds payable are issued?
Right!
Wrong
Wrong

 

3. Identify the classification for the following cash flow: Disposal of office equipment?
Wrong
Right!
Wrong
4. Identify the cash flow classification for the following item: Sales are made for cash?
Wrong
Wrong
Right!
5. Identify the classification for the following cash flow: Investments are purchased?
Wrong
Wrong
Right!
6. Identify the cash flow classification for the following item: Accounts receivable are collected?
Right!
Wrong
Wrong
7. Identify the cash flow classification for the following item: Accounts payable are paid?
Wrong
Right!
Wrong
8. Identify the classification for the following cash flow: Machinery is purchased?
Right!
Wrong
Wrong
9. Identify the cash flow classification for the following item: Dividends are paid?
Right!
Wrong
Wrong
10. Identify the classification for the following cash flow: Shares in the business are issued for cash?
Wrong
Wrong
Right!

Try Another Double Entry Bookkeeping Quiz

The cash flow classification quiz is one of many of our online quizzes which can be used to test your knowledge of double entry bookkeeping, discover another at the links below.

Quiz 43: Cash Flow Classification Quiz December 14th, 2016Team

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