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5 Written Questions

5 Matching Questions

  1. Proprietorship
  2. Balance Sheet
  3. endorsement
  4. bank statement
  5. correcting entry
  1. a A signature or stamp on the back of a check transferring ownership
  2. b a report of deposits, withdrawals, and bank balances sent to a depositor by a bank
  3. c a financial statement that reports assets, liabilities, and owner's equity on a specific date
  4. d a journal entry made to correct an error in the ledger
  5. e a business owned by one person

5 Multiple Choice Questions

  1. writing an account title and number on the heading of an account
  2. The side of the account that is increased
  3. An endorsement indicating a new owner of a check
  4. The number assigned to an account
  5. Anything of value that is owned

5 True/False Questions

  1. Equitiesfinancial rights to the assets of a business

          

  2. Chart of accountA list of accounts used by a business

          

  3. Liabilityan amount owed by a business

          

  4. restrictive endorsementA signature or stamp on the back of a check transferring ownership

          

  5. Fiscal periodlength of time for which a business summarizes and reports financial information

          

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