Chapter 6 (Business Finance)

Chapter 6 (Business Finance)

University

20 Qs

quiz-placeholder

Similar activities

Finanzas II - Parcial No. 1

Finanzas II - Parcial No. 1

University

15 Qs

ENTREPRENURIAL CREATIVITY AND INNOVATION

ENTREPRENURIAL CREATIVITY AND INNOVATION

University

20 Qs

Service Marketing Quiz 1 - MM3A

Service Marketing Quiz 1 - MM3A

University

20 Qs

Business Plan - MCQ

Business Plan - MCQ

University

16 Qs

Managing and E-Business Quiz

Managing and E-Business Quiz

University

20 Qs

Chapter 4  - Consumer Market

Chapter 4 - Consumer Market

University

20 Qs

Adjusting Entries Quiz

Adjusting Entries Quiz

University

15 Qs

MANAGEMENT

MANAGEMENT

11th Grade - University

15 Qs

Chapter 6 (Business Finance)

Chapter 6 (Business Finance)

Assessment

Quiz

Business

University

Practice Problem

Easy

Created by

Rashmi Kumar

Used 1+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The preparation of __________ involves the process of aggregating accounting information into a standardized set of financials.

a. Financial Management

b. Financial Statements

c. Financial Institutions

d. Financial Accounting

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is prepared in order to determine the equality of debits and credits as recorded in the general ledger?

A. Unadjusted Trial Entries

B. Unadjusted Balance

C. Unadjusted Entries

D. Unadjusted Trial Balance

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

It is a journal entry made at the end of accounting periods that involves shifting data.

a. Temporary Account

b. Closing Trial Balance

c. Permanent Account

d. Closing Entry

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

It is a basic financial statement wherein it reports the amounts of cash that the firm generated and distributed during a particular time period.

A. Statement of Retained Earnings

B. Statement of Balance Sheet

C. Statement of Cash Flows

D. Statement of Income Statement

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The transactions are recorded as a debit and credit in monetary terms.

A. Analyzing and Classify Data about an Economic Event

B. Journalizing the Transaction

C. Posting from the Journals to the General Ledger

D. Preparing the Unjasted Trial Balance

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Transactions having an impact on _______ ______ of a business are recorded in the general journal.

A. Financial position

B. Financial statement

C. Income statement

D. Recording Adjusting Entries

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is prepared in order to determine the equality of debits and credits as recorded in the general ledger?

A. Unadjusted Trial Entries

B. Unadjusted Balance

C. Unadjusted Entries

D. Unadjusted Trial Balance

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?