Accounting Ch. 9 :)

Accounting Ch. 9 :)

10th - 12th Grade

25 Qs

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Accounting Ch. 9 :)

Accounting Ch. 9 :)

Assessment

Quiz

Business

10th - 12th Grade

Medium

Created by

Susan Dixon

Used 3+ times

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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This reports the final balances of the permanent accounts at the end of the fiscal period

Balance Sheet

Worksheet

Income Statement

Changes in Owners Equity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The difference between total revenue and total expenses over a specific period of time

liabilities

assets

Net Income or net loss

owners equity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is NOT in the heading

name of business

owners name

date

name of the report

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the minimum current ratio is considers favorable by creditors

2.1 or lower

4.1 or higher

2.1 or higher

4.1 or lower

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is the definition of quick ratio a measure of the relationship between short-term assets and current liabilities

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this format, the classifications of balance sheet accounts are shown one under the other

ratio analysis

worksheet

balance sheet

report form

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

current assets over current liabilities = current ratio

False

True

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