NAME: ________________________

Question Types


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of 7 available terms

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3 Written Questions

2 Multiple Choice Questions

  1. 1. Measure business profit(revenue and expenses) in the income statement accurately.
    2. Update the balance sheet accounts(assets and liabilities).
  2. No adjusting entry debits or credits cash at bank because the cash transaction are recored at other times.

2 True/False Questions

  1. Depreciation.Debited - Expense.
    Credit - Contra Asset.

          

  2. Accrued expense.Debited - Assets.
    Credit - Revenue.

          

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