Accounting: 6-4 Extending an Accounting Worksheet

Accounting: 6-4 Extending an Accounting Worksheet

11th Grade

5 Qs

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Accounting: 6-4 Extending an Accounting Worksheet

Accounting: 6-4 Extending an Accounting Worksheet

Assessment

Quiz

Business

11th Grade

Practice Problem

Hard

Created by

Steve Wills

Used 1+ times

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in the accounting cycle for RockHill Media?

Identify and Analyze Transactions

Posting to the General Ledger

Adjusting Entries

Record Transactions (Journal Entries)

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which step comes immediately after 'Posting to the General Ledger' in the accounting cycle?

Financial Statements

Unadjusted Trial Balance

Closing Entries

Worksheet

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of 'Adjusting Entries' in the accounting cycle?

To close temporary accounts

To record daily transactions

To update account balances before preparing financial statements

To list all accounts and their balances

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a part of the accounting cycle?

Closing Entries

Financial Statements

Record Transactions (Journal Entries)

Bank Reconciliation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the final step in the accounting cycle for RockHill Media?

Financial Statements

Closing Entries

Adjusting Entries

Worksheet