
Accounting Quiz
Quiz
•
Professional Development
•
Professional Development
•
Practice Problem
•
Hard
The Teacher
FREE Resource
Enhance your content in a minute
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Match the term with the correct description: Accounting Cycle
A document that serves as evidence of a business transaction, such as an invoice or receipt.
A series of steps followed by businesses to ensure financial accuracy and reporting, from recording transactions to preparing financial statements.
A type of business organization owned and operated by a single individual.
A business entity that is separate from its owners, with shareholders and a more complex structure.
A book of original entry used to record all financial transactions in chronological order.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Match the term with the correct description: Sole Trader
A document that serves as evidence of a business transaction, such as an invoice or receipt.
A series of steps followed by businesses to ensure financial accuracy and reporting, from recording transactions to preparing financial statements.
A type of business organization owned and operated by a single individual.
A business entity that is separate from its owners, with shareholders and a more complex structure.
A book of original entry used to record all financial transactions in chronological order.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Match the term with the correct description: General Journal
A document that serves as evidence of a business transaction, such as an invoice or receipt.
A series of steps followed by businesses to ensure financial accuracy and reporting, from recording transactions to preparing financial statements.
A type of business organization owned and operated by a single individual.
A business entity that is separate from its owners, with shareholders and a more complex structure.
A book of original entry used to record all financial transactions in chronological order.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Match the term with the correct description: Source Document
A document that serves as evidence of a business transaction, such as an invoice or receipt.
A series of steps followed by businesses to ensure financial accuracy and reporting, from recording transactions to preparing financial statements.
A type of business organization owned and operated by a single individual.
A business entity that is separate from its owners, with shareholders and a more complex structure.
A book of original entry used to record all financial transactions in chronological order.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a purpose of accounting?
To track a company’s financial performance
To help make business decisions
To determine employee salaries
To ensure legal compliance
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of business organization offers limited liability protection to its owners?
Sole Proprietorship
Partnership
Corporation
Cooperative
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is considered a source document in accounting?
Balance Sheet
Income Statement
Invoice
Cash Flow Statement
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
15 questions
Product Knowledge
Quiz
•
Professional Development
10 questions
Pre and Post Test
Quiz
•
Professional Development
10 questions
POST TEST NEW PARADIGM
Quiz
•
Professional Development
10 questions
FLSP-Great Giant Foods 2023
Quiz
•
Professional Development
10 questions
Food Allergens (Kitchen)
Quiz
•
Professional Development
15 questions
Anatomia capilar
Quiz
•
Professional Development
14 questions
Poshan Abhiyaan : ILA - Module 13
Quiz
•
Professional Development
10 questions
訓練員概念測驗
Quiz
•
Professional Development
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
Discover more resources for Professional Development
20 questions
Black History Month Trivia Game #1
Quiz
•
Professional Development
100 questions
Screening Test Customer Service
Quiz
•
Professional Development
20 questions
90s Cartoons
Quiz
•
Professional Development
10 questions
Reading a ruler in Inches
Quiz
•
4th Grade - Professio...
16 questions
Parallel, Perpendicular, and Intersecting Lines
Quiz
•
KG - Professional Dev...
12 questions
Valentines Day Trivia
Quiz
•
Professional Development
