Accounting, Semester 1 Final Review

Accounting, Semester 1 Final Review

11th Grade

18 Qs

quiz-placeholder

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Accounting, Semester 1 Final Review

Accounting, Semester 1 Final Review

Assessment

Quiz

Business

11th Grade

Easy

Created by

Megan Wilson

Used 2+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a statement that guides the ethical behavior of a company and its employees

code of conduct

petty cash

bank statement

checking account

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total of amounts on the left side of the accounting equation must always be equal the total of amounts on the right side

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a T account, amounts recorded on the left side are called credits

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an amount of cash kept on hand and used for making small purchases

endorsement

petty cash

postdated check

special endorsement

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

in accounting, money is referred to as

checks

cash

accounts rec

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Planning, recording, analyzing, and interpreting financial information is called

organizing

accounting

profiting

formatting

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business form ordering a bank to pay cash from a bank account is known as a(n)

format

cash transfer

check

promissory note

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