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2 - Review Game

Authored by Rose-Marie Brophy

Business

9th - 12th Grade

Used 3+ times

2 - Review Game
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24 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Businesses use accounts to summarize all the information pertaining to a single item.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A list of accounts used by a business is a chart of accounts.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accounts Payable accounts are increased with a credit.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accounts Receivable accounts are increased with a credit.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The owner’s equity account is increased on the debit side because the owner’s capital account has a normal balance on the debit side.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An amount recorded on the left side of a T account is a credit.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Asset accounts decrease on the debit side.

True

False

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