WorksheetsAccounting Chapter Four Vocabulary
Total questions: 7
Worksheet time: 7mins
Name
Class
Date
1.
A list of all accounts used by a business.
a)
Charts of Equity
b)
Charts of Accounting
c)
Charts of Finance
d)
Charts of Assets
2.
A group of accounts; also referred to as a 'general ______'
a)
Accrual Basis
b)
Archive
c)
Ledger
d)
Balance Sheet
3.
A system used to analyze and record a transaction.
a)
Double-Entry Accounting
b)
Double-Entry Financing
c)
Double-Entry Debiting
d)
Single-Entry Accounting
4.
An entry on the left side of an account.
a)
Neither
b)
Debit AND Credit
c)
Credit
d)
Debit
5.
An entry on the right side of an account.
a)
Neither
b)
Credit
c)
Debit AND Credit
d)
Debit
6.
A visual representation of a ledger account. A tool used to analyze transactions.
a)
T Asset
b)
A Account
c)
T Account
d)
Z Account
7.
The increase side of an account. The word 'normal' means usual.
a)
Normal Balance
b)
Normal Credit
c)
Normal Ledger
d)
Normal Debit
100 %
