
Accounting-Chapter 8 Test Review
Authored by Lisa Kiefer
Life Skills
10th - 12th Grade
Used 14+ times

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28 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Drawing a line under a column of accounts is known as:
Art
Double ruling
Ruling
Totaling
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
On a worksheet, this sections explains the who, what, when:
Balance sheet section
Heading section
Income statement section
Trial balance section
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A net income or net loss will increase or decrease what account:
Assets
Capital
Liabilities
Revenue
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What section of the worksheet includes all general ledger accounts:
Balance sheet
Heading
Income statement
Trial balance
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
According to ______, expenses incurred in an accounting period are compared against revenue:
Extending
Heading
Matching principle
Ruling
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When the Income Statement Debit is larger than the Income Statement Credit column, what occurs:
Net income
Net loss
An error
None of these
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What section of the worksheet includes only the temporary accounts (revenues and expenses):
Balance sheet
Heading
Income statement
Trial balance
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