
Accounting (B)
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Education
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University
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Practice Problem
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Easy
Hằng Nguyễn
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70 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
1 Trial balance statement showed balances: Supplies €1000 và Supplies expenses €0. Inventory count revealed that Supplies on hand end of period is €600, so adjusting entry:
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
2.What types of account will NOT appear in the post-closing trial balance:
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
3.Which of the following is a MAIN type (or group) of ADJUSTING entries?
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
4.ADJUSTING entries for Unearned Revenues:
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
5.UNEARNED REVENUES belong to ..... group. Fill in the blank:
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
6.The trial balance will NOT be balanced if:
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
7.On May 1, company X bought an equipment worth $12,000 in cash and plan to use it for 5 years. Question: Record the journal entry on May 1 & the adjusted entry for depreciation expense on May 31:
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