BASIC ACCOUNTING

BASIC ACCOUNTING

10th Grade

10 Qs

quiz-placeholder

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BASIC ACCOUNTING

BASIC ACCOUNTING

Assessment

Quiz

Other, Specialty

10th Grade

Medium

Created by

ABIGAIL ROSACEÑA

Used 2K+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accounting is referred to as the "language of ___________________."
profit
life
accounting
business

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The left side of a T-Account is called
Debit
Credit
Left Side
Right Side

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The name given to an account
account title
capital
expense
revenue

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Amount owed by a business
liability
asset
capital
account

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is assets? 
Cash in the business
Anything that a creditor has financial claim to 
What remains after liabilities are paid 
any item or property owned by the business

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is the art of analyzing financial transactions and economic events, recording them, classifying them into accounts, summarizing them, reporting, and interpreting the results.

Bookkeeping

Journalizing

Accounting

Auditing

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How would an accountant record an increase in cash?
Debit
Credit

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