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accounting vocab

Authored by Lucy Cheyenne

Business

11th Grade

Used 30+ times

accounting vocab
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22 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Planning, recording, analyzing, and interpreting financial information.

accounting

transaction

equities

accounting equation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A planned process for providing financial information that will be useful to management.

ethics

capital

assets

accounting system

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Organized summaries of a business's financial activities.

accounting

accounting records

accounting equations

accounting systems

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

sale on account

accounting records

financial statements

owner's equity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business that performs an activity for a fee.

service business

proprietorship

equities

liability

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A business owned by one person.

owner's equity

accountant

proprietorship

service business

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anything of value that is owned.

capital

owner's equity

liability

Asset

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