
ACCOUNTING - 2&3
Quiz
•
Mathematics
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University
•
Practice Problem
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Easy
Danielle Eizy Bautista
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11 questions
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1.
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1 min • 1 pt
Assets = Liabilities + Equity
2.
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1 min • 1 pt
A list of account titles to be used in the recording.
3.
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1 min • 1 pt
an economic activity that directly changes a business enterprise's financial condition or directly affects its result of operations.
4.
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1 min • 1 pt
The book of original entry is called the
5.
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1 min • 1 pt
The process of recording in the journal is called
6.
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1 min • 1 pt
the accounting book where the business transactions are finally recorded hence the term "final entry".
7.
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1 min • 1 pt
The book of final entry is called the
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