Accounting Part 1 Final Exam Review
Authored by Amy Barnes
Life Skills
9th - 12th Grade
Used 165+ times
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A planned process for providing financial information that will be useful to management
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
An increase in owner's equity resulting from the operation of a business
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An account device used to analyze transactions is a T account.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A list of accounts used by a business is a chart of accounts.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The procedure for transferring information from a journal entry to a ledger account is
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Reporting income when it is earned and expenses when they are incurred.
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