
Chapter 6
Quiz
•
Other, Specialty
•
12th Grade
•
Hard
Paula Hass
FREE Resource
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25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Reporting income when it is earned and expenses when they are incurred
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The difference between total revenue and total expenses when total expenses are greater
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Adjusting entries must be posted to the general ledger accounts
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Net income on a work sheet is calculated by subtracting the income statement debit column total from the income statement credit column total
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of supplies used during a fiscal period is an expense
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What goes on line three of the heading on a work sheet?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which account extends to the income statement?
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