Time to remember

​Install Google Slides Extension

​You can also create lessons directly on Google Slides using “Quizizz Extension”.
Read more about it here

​Time to recall our memory....

Multiple Choice

The accounting process is correctly sequenced as

• identification, communication, recording.

• recording, communication, identification

• identification, recording, communication.

• communication, recording, identification

Multiple Choice

Which of the following would not be considered internal users of accounting data for a company

• The president of a company.

• The controller of a company

• Creditors of a company.

• Salesmen of a company

Multiple Choice

Equity is best depicted by the following:

• Assets = Liabilities.

• Liabilities + Assets.

• Residual equity + Assets.

• Assets – Liabilities

Multiple Choice

If total liabilities decreased by ¥45,000 and equity increased by ¥10,000 during a period of time, then total assets must change by what amount and direction during that same period?

• ¥55,000 increase

•             ¥35,000 decrease

• ¥35,000 increase

• ¥45,000 decrease