POB - Unit 6 Review 2

POB - Unit 6 Review 2

9th - 12th Grade

15 Qs

quiz-placeholder

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POB - Unit 6 Review 2

POB - Unit 6 Review 2

Assessment

Quiz

9th - 12th Grade

Medium

Created by

shantel mitchell

Used 20+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Businesses would note be able to determine if they are meeting their financial goals without accurate:

production plans.

marketing plans.

accounting systems.

distribution systems.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Businesses use the information collected through the accounting process to prepare accurate:

balance sheets.

purchase orders.

Inventory forms.

promissory notes.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process of keeping the financial records of a business is known as

accounting

controlling

financing

bookkeeping

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following categories of information are found on a balance sheet:

Income, expenditures, profit

Assets, liabilities, owner's equity

Assets, liabilities, margin

Revenues, expenses, profit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following makes comparisons of the financial conditions at multiple organizations possible:

Bookkeeping

Source documents

Accounting standards

Trial balance

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of accounting method would most likely be used by a small business owner who does not offer credit?

Check method

Cash method

COD method

Accrual method

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a Liability?

Rent payable

Cash

Capital

Rent receivable

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