
Accounting chapter 4
Authored by Janai Anglin
Business
9th - 12th Grade
Used 1+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
40 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is an accrued expense?
reports financial data from Jan 1 to Dec 31 of a specific year.
revenue earned in a period but not yet recorded, and no money has been collected.
expense incurred in a period but not yet recorded, and no money has been paid.
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Reports financial data from January 1 to December 31 of a specific year.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
On which financial statement would the Supplies account appear?
Retained Earnings Statement
Income Statement
Statement of Cash Flows
Balance Sheet
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When money is not received or paid but the associated income or expense is reportable for the current period, what form of adjustment takes place?
accrual
estimate
cull
deferral
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following defines a 12-month reporting cycle that can start in any month other than January 1 and keeps track of financial information for the exact same 12-month span?
fiscal year
interim period
calendar year
fixed year
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following can include monthly, quarterly, or half-year statements and is any reporting period shorter than a full year (fiscal or calendar)?
fiscal year
fixed year
calendar year
interim period
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following accounting methods requires that, regardless of when cash collections or outlays occur, revenues and expenses be reported in the accounting period in which they were earned or incurred?
revenue basis accounting
tax basis accounting
accrual basis accounting
cash basis accounting
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
45 questions
WISE Test Review
Quiz
•
9th - 12th Grade
40 questions
Guest Service Gold
Quiz
•
9th - 12th Grade
40 questions
Accounting classification
Quiz
•
9th - 12th Grade
42 questions
Chapter 6 Review
Quiz
•
9th - 12th Grade
40 questions
GAAP & Financial Accounting
Quiz
•
10th Grade
35 questions
Double Entry and Trial Balance Quiz
Quiz
•
11th Grade
40 questions
Chapter 3 Test Ramsey Classroom K. Halsey
Quiz
•
11th Grade
36 questions
Personal Financial Planning
Quiz
•
11th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade