Search Header Logo

Accounting I Post-Test Study Guide

Other

10th - 12th Grade

Used 56+ times

Accounting I Post-Test Study Guide
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

41 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1. Most corporations pay dividends by writing checks to stockholders on the day after the dividends are declared.

True

False

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following can a corporation do? Choose all that apply.

Own property

Incur liabilities

Enter into contracts in its own name

None of these

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following accounts are temporary accounts? Choose all that apply.

Cash

Accounts Payable

Sales

Cash Short and Over Expense

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Errors found in the process of totaling and proving a journal page do not need to be corrected until the end of a fiscal period.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sales Taxes are stated as a percentage of

Accounts Receivable

Accounts Payable

Taxable Sales

Taxable Purchases

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following accounts have a normal debit balance? Choose all that apply.

Salary Expense

Sales Tax Payable

Cash

Dividends Payable

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens when cash is received on account?

Cash is increased and A/R is decreased

A/R is increased and Cash is increased

A/P is decreased and Cash is increased

None of these is correct.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?