CH 8 Accounting

CH 8 Accounting

9th - 12th Grade

30 Qs

quiz-placeholder

Similar activities

Konsentrasi AKL (LH)

Konsentrasi AKL (LH)

11th Grade

25 Qs

Quiz Komsel Gabungan Mei 2023

Quiz Komsel Gabungan Mei 2023

9th - 12th Grade

25 Qs

CASH AND SUBSIDIARY BOOKS

CASH AND SUBSIDIARY BOOKS

11th - 12th Grade

25 Qs

QUIZ 8 pm 20-05

QUIZ 8 pm 20-05

12th Grade - Professional Development

25 Qs

USBN B. Inggris

USBN B. Inggris

12th Grade

25 Qs

REVIEW QUIZ (The Writing Process and Avoiding Plagiarism)

REVIEW QUIZ (The Writing Process and Avoiding Plagiarism)

11th Grade

25 Qs

SESI QUIZ SOSIOLOGI TM 1

SESI QUIZ SOSIOLOGI TM 1

10th Grade

25 Qs

Rebyu Kwis

Rebyu Kwis

11th Grade

25 Qs

CH 8 Accounting

CH 8 Accounting

Assessment

Quiz

Other

9th - 12th Grade

Medium

Created by

Scott Wiley

Used 4+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which accounting concept applies when a work sheet is prepared at the end of each fiscal cycle to summarize the general ledger information needed to prepare financial statements?

Business Entity
Accounting Period Cycle 
Adequate Disclosure
Consistent Reporting

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which accounting concept applies when expenses are reported in the same fiscal period that they are used to produce revenue?

Business Entity
Going Concern 
Matching Expenses with Revenue
Adequate Disclosure

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Information needed for journalizing the adjusting entries is obtained from the 

general ledger account Balance columns
income statement
work sheet's Adjustments column
balance sheet

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

After adjusting entries are posted, the supplies account balance will be equal to 

the cost of supplies used during the fiscal period
the cost of the supplies on hand at the end of the fiscal period
zero
none of these

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When revenue is greater than total expenses, resulting in a net income, the income summary account has a 

debit balance 
credit balance 
normal debit balance
normal credit balance

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Information needed for recording the closing entries is obtained from the 

general ledger accounts' Debit Balance columns
work sheet's Income Statement and Balance Sheet columns
balance sheet
income statement

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Income Summary is 

an asset account
a liability account
a temporary account
a permanent account

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?