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WorksheetsBookkeeping
Total questions: 10
Worksheet time: 5mins
What do bookkeepers do?
read books
keep track of expenses
track sales
write stories for kids
Accountants spend around 1,700 hours counting Oscar ballots by hand?
True
False
Where in the income statement would you find how much money a business took in in a year?
sales
taxes
checks and balances
assets
What reflects the money the owners have put into the business?
equity
bookkeeper
assets
liabilities
The words debit and credit come from the Latin words debitum and creditum
True
False
Examples of bookkeeping forms are:
EGeneral Ledger, General Journal
General Journal, General Ledger, Bank Reconciliation
Just the General Journal
None of the above
5. During middle ages period, a more formal method of account-keeping method was developed by ______________.
A. bankers
B. merchant
C. merchant and bankers
D. none of the above
The statement of _____________
shows the profitability of the business
Cash flows
Profitability
Financial Position
Profit or Loss
Saxophonist Kenny G and Mick Jagger of the Rolling Stones both studied accounting
True
False
