BUSINESS FINANCE LONG QUIZ 4TH QUARTER
Quiz
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Other
•
12th Grade
•
Practice Problem
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Medium
Sir Jecho Baldoza
Used 11+ times
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61 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
WRITE YOUR FULL NAME AND YOUR SECTION
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2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Procedures and methods used, including data processing equipment,
to collect and report accounting data.
Accounting System
Double-Entry Accounting
Accounting
Accounting Equation
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
An entry on the left side of an account.
Liability
Credit
Debit
Cash
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
An entry on the right side of an account.
Credit
Money
Debit
Liability
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Exchanges of goods or services between/among two or more entities or some other event having an economic impact on a business enterprise.
Networks
Transactions
Authorizations
Markets
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A system of recording transactions in a way that maintains the equality of the accounting equation.
Transaction
Ledger
Journal
Double-Entry Accounting
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The recording of a transaction in which debits equal credits. It usually includes a date and an explanation of the transaction.
General Ledger
Journal Entry
Posting Ledger
Business Letter
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