What is the primary focus of the CPA Strength channel?

Understanding the D.C. Aidler Accounting Equation

Interactive Video
•
Business, Professional Development
•
9th - 12th Grade
•
Hard

Ethan Morris
FREE Resource
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9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accounting education
Travel vlogs
Cooking tutorials
Fitness training
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the mnemonic 'D.C. Aidler' help you remember?
A list of accounting software
Different types of taxes
The steps in a financial audit
Key components of the accounting equation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the D.C. Aidler mnemonic, what does 'D' stand for?
Deposit
Debit
Dividend
Draw
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a component of the Debit side in D.C. Aidler?
Revenue
Draw
Expenses
Assets
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does 'A' represent in the D.C. Aidler mnemonic?
Assets
Accounts
Accruals
Amortization
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which component is part of the Credit side in D.C. Aidler?
Assets
Expenses
Equity
Draw
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does 'L' stand for in the Credit side of D.C. Aidler?
Leases
Liabilities
Loans
Losses
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a component of the Credit side in D.C. Aidler?
Draw
Expenses
Assets
Revenue
9.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the significance of the D.C. Aidler mnemonic in accounting?
It helps in memorizing tax codes
It is used for calculating interest rates
It represents the balance between debits and credits
It is a method for auditing financial statements
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