Accounting Chapter 1 Review
Authored by Nicholas Loehe
Business
9th - 12th Grade
Used 13+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The Accounting Equation is…...
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A business that is owned by one person is referred to as a.........
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Anything that is owned by the business and of value.
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What are the financial rights to the assets of a business called?
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the amount owed by a business considered?
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is true about the accounting equation?
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What type of account is cash?
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