ACCOUNTING 1 LONG QUIZ

ACCOUNTING 1 LONG QUIZ

University

35 Qs

quiz-placeholder

Similar activities

ROAD SAFETY QUIZ

ROAD SAFETY QUIZ

University

30 Qs

NON-INSTITUTIONAL CORRECTIONS

NON-INSTITUTIONAL CORRECTIONS

University

30 Qs

UTS Workshop Pengendalian Proses

UTS Workshop Pengendalian Proses

University

40 Qs

Brisbane Future Blueprint

Brisbane Future Blueprint

8th Grade - University

30 Qs

Y12-14 House Quiz

Y12-14 House Quiz

10th Grade - University

30 Qs

LABORATORY TOPIC 3: MICROBIAL STERILIZATION AND CONTROL

LABORATORY TOPIC 3: MICROBIAL STERILIZATION AND CONTROL

University

30 Qs

Formative assessment 1

Formative assessment 1

University

35 Qs

Automotive Electrics level 3

Automotive Electrics level 3

11th Grade - Professional Development

32 Qs

ACCOUNTING 1 LONG QUIZ

ACCOUNTING 1 LONG QUIZ

Assessment

Quiz

Other

University

Practice Problem

Hard

Created by

Mary Coronado

Used 37+ times

FREE Resource

AI

Enhance your content in a minute

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

35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

It is earned when the service is rendered not when cash is collected.

income

expenses

liability

assets

2.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

The trial balance after the closing entries.

closing trial balance

closing balance

closing the books

post-closing trial balance

3.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

A financial statement that involves only the income or revenue and the expenses.

balance sheet

statement of financial position

income statements

nominal accounts

4.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

A principle that tells that the business will never die, and it will live forever.

quitting concern principle

going concern principle

matching principle

accrual principle

5.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

A listing of all the balances of the different accounts as of a given time.

journal book

posting to ledger

trial balance

adjusted trial balance

6.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

A twelve-month period that ends when the business activities are at their lowest level of the annual cycle.

fiscal period

natural business year

calendar year

interim period

7.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

It is also called a permanent account.

nominal account

income account

real account

expense account

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?