Accounting Chapter 8 Review

Accounting Chapter 8 Review

10th - 12th Grade

17 Qs

quiz-placeholder

Similar activities

HYDROMETEOROLOGICAL HAZARD

HYDROMETEOROLOGICAL HAZARD

12th Grade

20 Qs

How to talk about what goes on

How to talk about what goes on

12th Grade - University

20 Qs

L1LO2 Summative Test

L1LO2 Summative Test

10th Grade

20 Qs

Rhythm, Dynamics, and Bass Clef - Piano

Rhythm, Dynamics, and Bass Clef - Piano

9th - 12th Grade

15 Qs

Healthy Food

Healthy Food

KG - Professional Development

15 Qs

Time Management

Time Management

9th - 12th Grade

14 Qs

Credit Vocabulary

Credit Vocabulary

10th - 12th Grade

15 Qs

Useless Food Facts

Useless Food Facts

5th - 12th Grade

18 Qs

Accounting Chapter 8 Review

Accounting Chapter 8 Review

Assessment

Quiz

Life Skills

10th - 12th Grade

Easy

Created by

Carrie Everett

Used 83+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the result when revenue is larger than expenses?

Net Income

Net Loss

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which section of the Worksheet are assets, liabilities, and owner's equity extended to?

Trial Balance

Account Name

Income Statement

Balance Sheet

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do you put under totals if they equal and you are finished?

Single Rule

Double Rule

Triple Rule

Nothing

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where is the net income entered in the Balance Sheet section of the Work sheet?

Debit

Credit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which section of the worksheet are revenue and expense accounts extended to?

Account Name

Trial Balance

Income Statement

Balance Sheet

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the generally accepted accounting principle that requires businesses to show all revenue earned against expenses incurred for the accounting period?

GAAP

Net Income

Matching Principle

Worksheet

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the document prepared to collect information from the general ledger?

Worksheet

Balance Sheet

Income Statement

Workbook

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?