WorksheetsAccounting Terms
Total questions: 9
Worksheet time: 2mins
A retailer's revenues.
Cash
Accounts Receivable
Sales
Debt
An accounting year beginning on July 1 and ending on June 30 is referred to as a _________ year.
Calendar
Fiscal
Accounting
Fiduciary
Merchandise on hand.
Inventory
Prepaid
Sales
Payable
Land is an asset that is not ____________________.
Accrued
Accumulated
Gain
Depreciated
These are entered on the left side of an account.
Credit
Debit
Kupit
Equities
These are entered on the right side of an account.
Credit
Debit
Kupit
Asset
These cause owner's equity to decrease.
Expenses
Asset
Income
Receivable
The first section of the statement of cash flows reports the cash flows from ___________ activities.
Operating
Financing
Investing
Accounting
The accounts for balance sheet and income statement items are often referred to as
Chart of Accounts
General Ledger
Temporary Account
Real Account
