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Accounting 1

Authored by John Davis

Business

9th - 12th Grade

Used 87+ times

Accounting 1
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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A __________ amount will appear on the left side of a T-account.

Credit

Debit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

. What is the missing term in the break even formula below?

Break even units = Operating expenses / (Selling price – ?)

Cost per unit

Gross margin

Revenue

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Complete the following statement .Assets=....

Owners equity +liabilities

Bank + Owners equity

Liabilities +Bank

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

35¢

40¢

5¢

25¢

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

20¢

15¢

3¢

30¢

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is the amount of your paycheck before anything is taken out.

Gross Pay

Net Pay

Social Security

Deducations

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Things like income tax and social security that are taken out of your paycheck are called:

Exemptions

Deductions

Bonuses

Extras

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