Accounting (Chapters 1 - 3 Review)

Accounting (Chapters 1 - 3 Review)

10th - 12th Grade

65 Qs

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Accounting (Chapters 1 - 3 Review)

Accounting (Chapters 1 - 3 Review)

Assessment

Quiz

Business

10th - 12th Grade

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Created by

Erin Niebrugge

Used 4+ times

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65 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

Financial rights to the assets of a business are called

ethics

withdrawals

accounting records

equities

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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Anything of value that is owned

account

asset

withdrawal

expense

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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The account used to summarize the owner's equity in a business

asset

expense

capital

revenue

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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Financial reports that summarize the financial condition and operations of a business

financial statements

ethics

withdrawals

equities

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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Assets taken out of a business for the owner's personal use

capital

withdrawals

equities

revenue

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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Planning, recording, analyzing, and interpreting financial information

accounting

ethics

transaction

revenue

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

A decrease in owner's equity resulting from the operation of a business

account

capital

asset

expense

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