
Accounting-Chapter 15 Review
Business
11th - 12th Grade
Used 2+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
29 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accrued revenue refers to revenue earned in one fiscal period but not received until a later fiscal period.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The formula for calculated annual straight-line depreciation equals (original cost - useful life) / salvage value.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How often are estimated federal income tax installments paid?
Quarterly
Monthly
Daily
Annually
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Only accounts with a balance are listed on the unadjusted trial balance.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of depreciation is considered in estimating the useful life of an asset?
Functional Depreciation
Physical Depreciation
Accumulated Depreciation
Functional & Physical Depreciation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For a business using the periodic inventory method, purchases are recorded in the Merchandise Inventory account.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which account is used to adjust Merchandise Inventory at the end of a fiscal period?
Merchandise Inventory Expense
Income Summary
Sales
Purchases
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
25 questions
Entrepreneurship Chapter 4
Quiz
•
10th - 12th Grade
25 questions
QUIZ 1 l TOPIC 10 [ACCOUNTING FOR LIABILITIES]
Quiz
•
1st Grade - University
24 questions
Ch. 16 Vocabulary
Quiz
•
9th - 12th Grade
25 questions
Economics Basics
Quiz
•
9th - 12th Grade
25 questions
Chapter 6 - Global Research
Quiz
•
9th - 12th Grade
25 questions
Marketing Functions & Distribution
Quiz
•
9th - 12th Grade
25 questions
Ch21 Career Planning- Principles of BMF
Quiz
•
9th - 12th Grade
24 questions
Social Media Marketing Basics
Quiz
•
9th - 12th Grade
Popular Resources on Wayground
7 questions
History of Valentine's Day
Interactive video
•
4th Grade
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
fractions
Quiz
•
3rd Grade
15 questions
Valentine's Day Trivia
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
Discover more resources for Business
13 questions
BizInnovator Startup - Experience and Overview
Quiz
•
9th - 12th Grade
10 questions
Understanding Stock Market Investing
Interactive video
•
9th - 12th Grade
12 questions
Time Management Lesson
Lesson
•
1st - 12th Grade
20 questions
Review for Business Essentials 2.05
Quiz
•
9th - 12th Grade