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A1 Chapter 4

Authored by Katelyn Southard

Business

10th Grade

Used 3+ times

A1 Chapter 4
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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

Identify Transactions

Journalize Transactions

Post to the ledgers

3.

DRAG AND DROP QUESTION

30 sec • 1 pt

Liabilities are listed in ​ (a)   order on the chart of accounts

alphabetical
numerical
amount owed
any order

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

Revenue

Advertising Expense

Asset

Accounts Payable

Liability

Capital

Owner's Equity

Cash

Expense

Sales

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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