3 Written Questions
3 Multiple Choice Questions
- The difference between total revenue and total expenses when the revenue is greater.
- A proof of the equality of debits and credit in a general ledger.
- A financial statement showing the revenue and expenses for a fiscal period.
2 True/False Questions
balance sheet → A columnar accounting form used to summarize the general ledger information needed to prepare the financial statements.
fiscal period → A proof of the equality of debits and credit in a general ledger.