
A1 Chapter 4
Quiz
•
Business
•
10th Grade
•
Practice Problem
•
Easy
Katelyn Southard
Used 3+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is the following is most liquid?
Supplies
Cash
Accounts Receivable
Prepaid Insurance
2.
REORDER QUESTION
45 sec • 1 pt
Reorder the following into the steps of the accounting cycle
Post to the ledgers
Identify Transactions
Journalize Transactions
3.
DRAG AND DROP QUESTION
30 sec • 1 pt
Liabilities are listed in (a) order on the chart of accounts
4.
DROPDOWN QUESTION
30 sec • 1 pt
Elijah is planning a fundraiser for his school. If he wants to increase the funds collected, should he (a) to the cash collected?
debit
credit
5.
MATCH QUESTION
1 min • 1 pt
Match the following
Asset
Capital
Owner's Equity
Cash
Liability
Sales
Expense
Accounts Payable
Revenue
Advertising Expense
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Abigail is an accountant and she is arranging accounts in a general ledger, assigning account numbers, and keeping records current. What is this procedure called?
file maintenance
account number
ledger
financial statement
7.
DROPDOWN QUESTION
30 sec • 1 pt
Lily started a bakery and received cash from Luna as an investment. In this transaction, Lily debits (a) and (b) capital.
cash
credits
debit
sales
decreases
supplies
drawing
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