WorksheetsAccounting Vocab Quiz_1
Total questions: 11
Worksheet time: 14mins
Match the photo to either asset or liability
Asset
Liability
Asset
Liability
Asset
The difference between assets and liabilities is called_____. ________ or ___________
A loan is considered to be a
financial statement
asset
liability
equity
Principles of right and wrong that guide decision making
being honest
ethics
embezzlement
going to court
What is business ethics?
(a) is the difference between assets and liabilities
A report that shows what an individual owns, owes, and difference is a:
Income Statement
Balance Sheet
Net Worth Statement
Ledger
Financial Statements are: (choose at least 2 - maybe more!)
financial reports that summarize the financial condition and operations of a business
an income statement
a balance sheet
a written check
The process of planning, recording, analyzing, and interpreting financial information is called:
difficult
accounting
bookkeeping
none of the answers listed are correct
What is a planned process designed to compile financial data and summarize the results in accounting records and reports?
(a)
Accounting is the language of (a)
