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Accounting Cycle

Total questions: 5

Worksheet time: 2mins

Name
Class
Date
1.

How many steps are there in the Accounting Cycle?

a)

7

b)

12

c)

6

d)

8

2.

Which of these do a general ledger not keep a record of?

a)

Assets

b)

Nomial Accounts

c)

Equities

d)

Income

3.

A General Ledger keeps record of a company subsidiaries.

a)

True.

b)

False.

4.

What is the 3rd step in the accounting cycle?

a)

Preparing Worksheets

b)

Generating Financial Statements

c)

Post To General Ledger

d)

Prepare Adjusting Entries

5.

Did you like our presentation?

a)

Yes

b)

NO

c)

Dont ever Present again.

d)

I dont care