Fun Quiz
Quiz
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English
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University
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Practice Problem
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Medium
+4
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Risfi Pratiwi
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11 questions
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1.
MATCH QUESTION
1 min • 20 pts
Match the following accounting vocabulary
The decrease in the value of products or services a company offers.
Depreciation
All the expenses a company needs to pay for, like the costs of advertising, labor, bills and taxes.
Owner’s Equity
Money that individuals and companies owe to the government, based on the income they make.
Income Tax
A list of all a company’s employees and their salaries.
Overhead
A part of a company’s assets that the owner has. It’s calculated as assets minus liabilities.
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.
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.
5.
MATCH QUESTION
1 min • 20 pts
accounting system in which each transaction is recorded as both credit & debit, an asset & liability
Net
An entry that shows what a company spends. Debits are recorded on the left side of an account.
Credit
An entry that shows how much money a company receives. Credits are recorded on the right side of acc
Debit
An amount of money that is left after taxes have been paid.
Double Entry
6.
DROPDOWN QUESTION
1 min • 20 pts
In (a) , you need to record (b) on the left side and (c) on the right side.
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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