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KeyTermsPage78AngelReview

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9th - 12th Grade

Used 3+ times

KeyTermsPage78AngelReview
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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A List of all accounts used by a business.

DEBIT
CREDIT
T ACCOUNT 
CHART OF ACCOUNTS

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

SYSTEM TO ANALYZE AND RECORD A TRANSACTION
(recognizes the different sides of business transactions as debits and credits)

Asset
DOUBLE ENTRY 
LEDGER
OWNERS EQUITY

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

is an entry on the left side of an T account

DEBIT
CREDIT
LEDGER
LIABILITY

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

AN EFFICIENT TOOL FOR USING DOUBLE-ENTRY ACCOUNTING
(help the accountant analyze the parts of a business transaction.)

T ACCOUNT
LEDGER
REVENUE
Withdrawals

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Whether a system is manual or electronic,accounts are grouped together in a ?
(*GENERAL .... ?)

ledger
expense
investment
normal balance

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

is an entry on  the RIGHT side of an T  account

debit
revenue
credit
asset

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

always on  the side used to record increases to the account

normal balance
temporary accounts
permanent accounts
cash in bank

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