Accounting Pretest
Quiz
•
Business
•
9th - 12th Grade
•
Hard
JASON HAYES
Used 10+ times
FREE Resource
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50 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
A balance sheet reports a business's financial
Condition over a specific period of time
Progress over a specific period of time
Condition on a specific date
Progress on a specific date
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
______________________ is the transfer of journalized transactions to their accounts.
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
The accounting equation must remain in balance after each ________.
transaction
credit
account
debit
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Assets = Liabilities _____Owner's Equity
+
_
x
/
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
A separate record used to summarize changes in each assets, liabilities, and owner's equity.
Accountant
Account
Account Title
Count
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Planning, recording, analyzing, and interpreting financial information.
accounting
transaction
equities
accounting equation
7.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Organized summaries of a business's financial activities.
accounting
accounting records
accounting equations
accounting systems
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