Basic Accounting Terms 1
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23 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assets taken out of a business for the owner's personal use
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A decrease in owner's equity resulting from the operation of a business
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Amount owed by a business
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business activity that changes assets, liabilities, or owner's equity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anything of value that is owned
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business owned by one person
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount in an account
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