
Form 4 POA Adjustments
Authored by L A Mollineau
Business
11th - 12th Grade
Used 6+ times

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22 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An accrual is
money owing on an expense
money owing on revenue
a bad debt
depreciation
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
To adjust an accrual we
Subtract the outstanding amount
Add the owed amount
Divide by 2
Leave as is
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
$900 has been paid in rent. However, an amount of $50 dollars is outstanding. The adjusted figure is
850
900
950
50
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Paid in excess is another way to refer to a(n)
Accrual
Revenue
Expense
Prepayment
5.
MULTIPLE SELECT QUESTION
1 min • 1 pt
To adjust a prepayment we
Add the outstanding amount
Multiply by the rate given
Subtract the excess amount
Divide by 2
6.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Revenue is the same as an expense
True
False
7.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Revenue is paid by the business
True
False
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