Accounting I Post-Test Study Guide

Accounting I Post-Test Study Guide

10th - 12th Grade

•

41 Qs

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Accounting I Post-Test Study Guide

Accounting I Post-Test Study Guide

Assessment

Quiz

•

Other

•

10th - 12th Grade

•

Medium

Used 56+ times

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41 questions

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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.

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