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Fun Quiz

University

11 Qs

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Fun Quiz

Fun Quiz

Assessment

Quiz

English

University

Practice Problem

Medium

CCSS
3.NF.A.3C, 2.OA.C.4, RI.11-12.4

+4

Standards-aligned

Created by

Risfi Pratiwi

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11 questions

Show all answers

1.

MATCH QUESTION

1 min • 20 pts

Match the following accounting vocabulary

The decrease in the value of products or services a company offers.

Owner’s Equity

A part of a company’s assets that the owner has. It’s calculated as assets minus liabilities.

Income Tax

Money that individuals and companies owe to the government, based on the income they make.

Overhead

A list of all a company’s employees and their salaries.

Depreciation

All the expenses a company needs to pay for, like the costs of advertising, labor, bills and taxes.

Payroll

2.

DRAG AND DROP QUESTION

45 sec • 10 pts

They had to hire a(n) ​ (a)   because Jane was not qualified to produce all the documents for the audit in June.

accountant
auditor
manager
bookkeeper

3.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

As she was calculating the company’s liabilities, she realized she forgot to include the ___.

accounts payable

accounts receivable

gross

profit

Tags

CCSS.3.NF.A.3C

4.

DROPDOWN QUESTION

1 min • 20 pts

In order to see what a company’s ​ ​ (a)   is/are, you need to have a look at the ​ (b)   and subtract all the expenses of doing business.

profit
revenues
capital
liabilities
assets

5.

MATCH QUESTION

1 min • 20 pts

Match the following

An entry that shows what a company spends. Debits are recorded on the left side of an account.

Double Entry

An entry that shows how much money a company receives. Credits are recorded on the right side of acc

Credit

accounting system in which each transaction is recorded as both credit & debit, an asset & liability

Net

An amount of money that is left after taxes have been paid.

Debit

6.

DROPDOWN QUESTION

1 min • 20 pts

In ​ ​ (a)   , you need to record ​ (b)   on the left side and ​ (c)   on the right side.

double entry bookkeeping
debits
credits
single entry bookkeeping

Tags

CCSS.2.OA.C.4

7.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

He was hoping to be able to raise enough ___ to set up his own business in five years’ time.

assets

capital

equity

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