Basic Accounting

Basic Accounting

1st Grade

17 Qs

quiz-placeholder

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Basic Accounting

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Assessment

Quiz

Business

1st Grade

Practice Problem

Medium

Created by

Gosia Kuzminska

Used 211+ times

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17 questions

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1.

MULTIPLE SELECT QUESTION

1 min • 1 pt

What is accounting

a mandatory element of financial statement

the language which provides information about an organization financial position

list of assets

2.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Please choose all receivables:

funds from the rented flat

salary

funds to be received from loan

3.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Please choose all answers which describe our payables:

refer a friend program at work

loan repayment

monthly bill for phone

4.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Which answer is correct?

The balance sheet is a list of assets and source of financing prepared at a given date and defined format

double entry means that booking could be done just on one side

a cost account belonging to a group of Balance sheet account

5.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Where did you book income from sales?

Dt side

Ct side

both

6.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Where did you book cost paid bank charges?

Dt side

Ct side

both

7.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Where did you book incoming payment in Bank account?

Both

Ct side

Dt side

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