
CH 6 TEST ACCOUNTING
Authored by Chelsey Gilmore
Business
9th - 12th Grade
Used 1+ times

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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Only accounts with a balance are listed in the Trial Balance columns of a work sheet.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the Trial Balance columns are not equal and the difference can be evenly divided by 9, then the error most likely is a transposed number.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the Income Statement Debit column total is greater than the Income Statement Credit column total on a work sheet, the business has a net income.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of the supplies used during a fiscal period is an expense.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Reporting income when it is earned and expenses when they are incurred.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Changes recorded on a worksheet to update general ledger accounts at the end of a fiscal period.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The difference between total revenue and total expenses when total revenue is greater.
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