
TOPIC 13 - ACCOUNTING
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English
University
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What's the process of recording, classifying, and summarizing financial transactions?
Accounting
Human resources
Advertising
Marketing
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
......is the term refers to the financial statement showing a company’s assets, liabilities, and equity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do we call obligations or debts a company owes to external parties?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for adjustments made to financial statements to account for transactions not yet recorded?
adjusting entry
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a list of all accounts used in the accounting system of a company?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for a reduction in the value of an asset over time, often due to wear and tear?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What term is used for the difference between total revenue and total expenses?
net income
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