The concept of reporting information in the same manner each period is known as...

6-1 Review

Quiz
•
Business
•
9th Grade
•
Medium
Michael Driscoll
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Consistent Reporting
Frequent Reporting
Accurate Reporting
General Reporting
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An accounting period that tracks business information for a period of time is known as a...
fiscal period
financial period
accounting period
calendar period
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A fiscal year is not always from January - December.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A form used to summarize information from the general ledger is a...
work sheet
balance statement
budget
general journal
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a work sheet you are proving that...
debits = credits
debits > credits
debits < credits
debits do not equal credits
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When writing the date on a work sheet header you should write it as...
Day, Month, Year
"For Month Ended..."
Year, Month, Day
"By Year Ended..."
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The header on a work sheet includes all the following EXCEPT
Company Name
Accountant Name
Report Name
Date
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