
Intro to Biz Final

Flashcard
•
Business
•
9th - 12th Grade
•
Hard
Quizizz Content
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63 questions
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1.
FLASHCARD QUESTION
Front
The Accounting Equation must always be in balance.
Back
True
2.
FLASHCARD QUESTION
Front
Reporting, recording, analyzing, and interpreting financial information is called
Back
accounting
3.
FLASHCARD QUESTION
Front
Anything of value that is owned is called a(n)
Back
asset
4.
FLASHCARD QUESTION
Front
The amount remaining after the value of all liabilities is subtracted from the value of all assets is called
Back
owner's equity
5.
FLASHCARD QUESTION
Front
Assets = Liability + Owner's Equity is known as _____________?
Back
The Accounting Equation
6.
FLASHCARD QUESTION
Front
Obligations that you owe to others represent the
Back
liabilities
7.
FLASHCARD QUESTION
Front
Cash, accounts receivable, and equipment are all examples of
Back
assets
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