Ch 6 Study Guide

Ch 6 Study Guide

50 Qs

quiz-placeholder

Similar activities

C56-SE1908

C56-SE1908

KG - University

52 Qs

Net Sports Final Fall 2025

Net Sports Final Fall 2025

KG - University

45 Qs

Prof Comm: FINAL EXAM

Prof Comm: FINAL EXAM

11th Grade

50 Qs

M7 - World War I

M7 - World War I

KG - University

45 Qs

UNIT ONE:  FINAL TEST SEM ONE 2024

UNIT ONE: FINAL TEST SEM ONE 2024

KG - University

47 Qs

UA Review

UA Review

6th Grade

54 Qs

Review: Checking and Savings

Review: Checking and Savings

KG - University

48 Qs

Ch 6 Study Guide

Ch 6 Study Guide

Assessment

Quiz

others

Practice Problem

Easy

Created by

Stephanie Burg

Used 1+ times

FREE Resource

AI

Enhance your content in a minute

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

50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The length of time for which a business summarizes its financial information and reports its financial performance.

Balance sheet
Cash basis of accounting
Fiscal period
Fiscal year
Income statement

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A fiscal period consisting of 12 consecutive months.

Balance sheet
Cash basis of accounting
Fiscal period
Fiscal year
Income statement

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A columnar accounting form used to summarize the general ledger information needed to prepare financial statements.

Net income
Net loss
Prepaid expenses
Trial balance
Work sheet

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A proof of equality of debits and credits in a general ledger.

Net income
Net loss
Prepaid expenses
Trial balance
Work sheet

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cash paid for an expense in one fiscal period that is not used until a later period.

Net income
Net loss
Prepaid expenses
Trial balance
Work sheet

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Reporting income when it is earned and expenses when they are incurred.

Accrual basis of accounting
Adjusting entries
Adjustments

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Reporting income when cash is received and expenses when the cash is paid.

Balance sheet
Cash basis of accounting
Fiscal period
Fiscal year
Income statement

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?