Accounting Mid-Unit Review

Accounting Mid-Unit Review

9th - 12th Grade

15 Qs

quiz-placeholder

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Accounting Mid-Unit Review

Accounting Mid-Unit Review

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Easy

Created by

Kameron Kalolo

Used 4+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process of recording, maintaining, and reporting an organization’s financial transactions and records is...

Finance

Accounting

Payroll

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Management uses financial information to make decisions about...

Growth strategies

Hiring additional employees

Paying off debt

What color shirt to wear

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An investor is someone who...

Buys stock in the company

Is CEO of the company

Shops at the business

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What focuses on the MANAGEMENT of the assets, liabilities, and cash flow of an organization?

Accounting

Finance

Payroll

Shareholders

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What refers to a business that works with their clients to help prepare reports and review (audit) financial information for accuracy and completeness before it is shared publicly?

Private accounting

Public accounting

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What refers to a role inside a company that helps record transactions and prepare/analyze financial statements and reports?

Public accounting

Private accounting

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the system of accounting used by governments and non-profit organizations to group resources into specific funds so they know what resources are available to complete a specific purpose or task?

Private accounting

Public accounting

Fund accounting

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