Accounting Final Review

Accounting Final Review

12th Grade

16 Qs

quiz-placeholder

Similar activities

Accounting 1 Semester Exam

Accounting 1 Semester Exam

Debits & Credits

Debits & Credits

Acct II Final Exam Prep

Acct II Final Exam Prep

ch 3 review

ch 3 review

Accounting Quiz

Accounting Quiz

ACCT 1-2 Semester 2 Final Exam Review 2017-2018

ACCT 1-2 Semester 2 Final Exam Review 2017-2018

REVIEW ACCOUNTING II SEMESTER 1 FINAL 2019

REVIEW ACCOUNTING II SEMESTER 1 FINAL 2019

Accounting I Chapter 13 Test

Accounting I Chapter 13 Test

Accounting Final Review

Accounting Final Review

Assessment

Quiz

Business

12th Grade

Practice Problem

Medium

Created by

Amy Jaeschke

Used 4+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The accounting equation may be expressed as:

L - OE = A

Revenue = net income - expenses

OE = A - L

Revenues - expenses = net income

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Indicate the correct order for the acronym for the financial statements.

BSREIS

ISOEBS

ISBSOE

OEISBS

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Amounts owed to the business by its customers

wages receivable

wages payable

accounts receivable

accounts payable

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Decreases to owner's equity may come from:

revues and expenses

expenses and drawing

assets and liabilities

net income and expenses

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The increase side of an account is called the:

debit side

credit side

abnormal balance

normal balance

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Federal income tax that is withheld from the employee's earnings is NOT subject to which of the following?

number of sick days

number of allowances

total earnings

marital status

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The account that would be credited for the amount of tax collected and paid on sales would be:

sales

cash

sales tax payable

accounts payable

Create a free account and access millions of resources

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?