Search Header Logo

The Accounting Equation

Authored by Kerwin Alexander

Business

9th Grade

Used 34+ times

The Accounting Equation
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

20 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Select all the terms that can be used for "capital".

Assets

Owner's Equity

Net Worth

Liabilities

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The name given to the sequence of events and processes that are used to develop the financial records of a business:

Paper work

Financial Records

The Accounting Cycle

The Accounting Equation

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Select all the options that ARE part of the Accounting Cycle.

Tallying

Source Document

Journals

Ledgers

Trial Balance

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The image attached shows the:

Accounting Equation

Balance Sheet

Accounting Cycle

Book-keeping

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Complete the following: Assets - ________ = Owner's Equity

Accounts Receivable

Accounts Payables

Capital

Liabilities

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The Balance Sheet is also called:

The accounting cycle

The accounting equation

The Financials

The Statement of Financial Position

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When heading up the Statement of Financial Position the date for example July 30, 2023, would be written in what format?

As at July 30, 2023

For the period ending July 30, 2023

For the year ended July 30, 2023

The format does not matter

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?