Work Sheet Quiz

Work Sheet Quiz

11th - 12th Grade

15 Qs

quiz-placeholder

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Work Sheet Quiz

Work Sheet Quiz

Assessment

Quiz

Business

11th - 12th Grade

Medium

Created by

Rhonda Eskam

Used 5+ times

FREE Resource

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Only accounts with balances are listed in the Trial Balance of a work sheet?

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of the supplies used during a fiscal period is an expense.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Adjusting entries must be posted to the general ledger accounts.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The accounting concept Consistent Reporting is being applied when a word processing service business reports revenue per page one year and revenue per hour the next year.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Many businesses choose a one-year fiscal period that ends during a high business activity time of the year.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If an amount is written in an incorrect column of a work sheet, the error should be erased and the amount should be written in the correct column.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Two financial statements are prepared from the information on the work sheet.

True

False

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