FABM1 Chapter Test 9

FABM1 Chapter Test 9

12th Grade

30 Qs

quiz-placeholder

Similar activities

Understanding Money and Financial Concepts

Understanding Money and Financial Concepts

12th Grade

25 Qs

KUIS TEORI AKUNTANSI 1

KUIS TEORI AKUNTANSI 1

12th Grade

35 Qs

Accounting Semester 2019

Accounting Semester 2019

10th - 12th Grade

25 Qs

Firsthand vs Secondhand Accounts

Firsthand vs Secondhand Accounts

11th Grade - University

25 Qs

Credit and Debit Cards

Credit and Debit Cards

7th Grade - University

25 Qs

Banking Checking and Savings Accounts

Banking Checking and Savings Accounts

12th Grade - University

25 Qs

Credit and Financial Institutions

Credit and Financial Institutions

12th Grade - University

25 Qs

ECON Chapter 2 Review: Personal Financial Literacy

ECON Chapter 2 Review: Personal Financial Literacy

9th - 12th Grade

25 Qs

FABM1 Chapter Test 9

FABM1 Chapter Test 9

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

Rafael Christian Aguilar

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are books of accounts?
Financial statements
Financial records
Journals only
Ledgers only

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is another name for the journal?
Books of final entry
Source documents
Books of original entry
Trial balance

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the ledger also known as?
Books of original entry
Books of final entry
Source documents
Financial statements

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two main types of books of accounts?
Trial balance and journal
Journal and ledger
Source documents and ledger
Financial statements and journal

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the journal?
To summarize transactions
To post transactions
To record transactions first
To prepare financial statements

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which journal is used for recording cash receipts?
General journal
Specific journal
Cash receipts journal
Purchase journal

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which journal is used for recording cash disbursements?
Cash receipts journal
Cash disbursements journal
Purchase journal
Sales journal

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?