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5 Written questions

5 Matching questions

  1. Account
  2. petty cash
  3. Chart of account
  4. account number
  5. Net loss
  1. a The number assigned to an account
  2. b A list of accounts used by a business
  3. c An amount of cash kept on hand and used for making small payments
  4. d The difference between total revenue and total expenses when total expenses are greater
  5. e a record summarizing all the information pertaining to a single item in the accounting equation

5 Multiple choice questions

  1. group of accounts
  2. form describing the goods or services sold
  3. a statement that guides the ethical behavior of a company and its employees
  4. organized summaries of a business's financial activities
  5. An amount recorded on the left side

5 True/False questions

  1. postdated checka check that a bank refuses to pay


  2. Ethicsform describing the goods or services sold


  3. postingPlanning, recording, analyzing, and interpreting financial information


  4. Adjustmentschanges recorded on a work sheet to update general ledger accounts at the end of a fiscal period


  5. Account balancethe name given to an account