Advanced Accounting Chapter 4

Advanced Accounting Chapter 4

12th Grade

30 Qs

quiz-placeholder

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Advanced Accounting Chapter 4

Advanced Accounting Chapter 4

Assessment

Quiz

Business, Other, Specialty

12th Grade

Medium

Created by

Gina Lundquist

Used 5+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A list of vendor accounts, account balances, and the total amount due all vendors is a

schedule of accounts receivable

schedule of accounts payable

customer ledger

vendor ledger

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Assigning control of revenues, costs, and expenses to a specific manager is

responsibility accounting

segment accounting

departmental accounting

management control

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A statement showing departmental margin for each department is the

departmental statement of gross profit

departmental margin statement

income statement

balance sheet

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An amount earned by a corporation and not yet distributed to stockholders is

capital stock

dividends

retained earnings

undivided earnings

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The percentage relationship between one financial statement item and the total that includes

that item is a

ratio

constant percentage

vertical analysis ratio

declining percentage

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The portion of a plant asset’s cost that is transferred to an expense account in each fiscal period during that asset’s useful life is

accumulated depreciation

depreciation expense

plant asset expense

salvage value

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A schedule that shows the balances in all general ledger accounts prior to the posting of adjusting entries is the

trial balance

unadjusted trial balance

pre-adjustment schedule

unadjusted balance sheet

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