Accounting

Accounting

University

8 Qs

quiz-placeholder

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Accounting

Accounting

Assessment

Quiz

English

University

Easy

Created by

Mili Mejía M.

Used 2+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money owed by customers or clients to a business after goods or services have been delivered and/or used.

Liabiities

Assets (Fixed and current)

Accounts receivable

Accounts payable

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A systematic way of recording and reporting financial transactions for a business or organization.

Equity

Assets (Fixed and current)

Accounts receivable

Accounting

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this ledger, transactions are recorded chronologically.

Transactions

Equity

Balance

Journal

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Things that the company owns and are sometimes refered to as the resources of the company

Balance sheet

Assets

Liabilities

Costs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Obligations of the company or amounts owed to others...

Equity

Liabilities

Assets

Dividents

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

One example of revenue is

7.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Media Image

How do you say "CONTABILIDAD" in English?

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Management accounting information is designed and intended for users from outside the company.

True

False

Not given