Accounting Quiz

Accounting Quiz

12th Grade

13 Qs

quiz-placeholder

Similar activities

Aquaculture Business Quiz

Aquaculture Business Quiz

12th Grade

15 Qs

Business Ethics - WW2 / Quiz 1

Business Ethics - WW2 / Quiz 1

12th Grade

15 Qs

Unit 1 Revision ii) Edexcel business a level

Unit 1 Revision ii) Edexcel business a level

12th Grade

15 Qs

McDonalds China

McDonalds China

12th Grade

15 Qs

MUTUAL FUNDS

MUTUAL FUNDS

12th Grade - Professional Development

13 Qs

Chapter 6 Accounting QUIZ

Chapter 6 Accounting QUIZ

9th - 12th Grade

15 Qs

W!SE Consumer Skills: Introduction, Borrowing  & Autos

W!SE Consumer Skills: Introduction, Borrowing & Autos

9th - 12th Grade

18 Qs

Non Trading Concerns:

Non Trading Concerns:

12th Grade

13 Qs

Accounting Quiz

Accounting Quiz

Assessment

Quiz

Business

12th Grade

Practice Problem

Hard

Created by

Melanie Johnson Wood

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...

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a T Account in accounting?

A) A type of financial statement

B) A visual representation of individual accounts in the form of a "T"

C) A record of transactions in chronological order

D) A summary of income and expenses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do debits and credits refer to in accounting?

Types of credit cards

Types of debit cards

Different types of financial transactions

Specific types of bank accounts

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a double-entry accounting system, how many accounts are affected by each transaction?

One account

At least two accounts

Three accounts

Four accounts

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are debits and credits recorded as in a company's books?

Balance sheets

T Accounts

Journal entries

Financial statements

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

On a T Account, where is the debit located?

On the right side

On the left side

On the top

On the bottom

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Can debits and credits in different accounts result in either an increase or a decrease?

Yes, they can result in either an increase or a decrease

No, they can only result in an increase

No, they can only result in a decrease

No, they do not affect the account balance

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the left side (debit side) of a T Account represent for asset accounts?

A) A decrease to the asset account

B) An increase to the asset account

C) A decrease to the liability account

D) An increase to the equity account

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?