
Accounting 1: Chp. 1
Authored by Emily Bosch
Business
9th - 12th Grade
Used 47+ times

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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an example of an asset?
Cash
Short Term Loan
Owner's Capital
Accounts Payable
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an example of a liability?
Account payable to Ms. Shelman
A house
The sale of your car
Account Receivable
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Equity is also known as...
An asset
A liability
Capital
Stocks and bonds
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The difference between personal assets and personal liabilities is...
Owner's Equity
Personal Net Worth
Capital Account
An Asset
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
_______ = Liabilities + Owner's Equity
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Planning, recording, analyzing, and interpreting financial information is...
Financing
Project managing
Auditing
Accounting
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Financial Statements are reports that show...
the financial condition of business operations
personal net worth
the account balance
if a business is ethical or not
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