Accounting Chapter 6
Quiz
•
Business
•
10th - 12th Grade
•
Practice Problem
•
Medium
Lynn Lambert
Used 35+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cash paid for an expense in one fiscal period that is not used until a later period.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Journal entries recorded to update general ledger accounts at he end of a fiscal period.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A columnar accounting form used to summarize the general ledger information needed to p prepare financial statements.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Reporting income when cash is received and expenses when cash is paid.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The length of time for which a business summarizes financial information and reports its financial performance.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The difference between total revenue and total expenses when total revenue is greater.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Changes recorded on a worksheet to update general ledger accounts at the end of a fiscal period.
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