Question types

Start with

Question limit

of 67 available terms

Advertisement Upgrade to remove ads
Print test

5 Written questions

5 Matching questions

  1. Account balance
  2. Net income
  3. opening an account
  4. Income Statement
  5. endorsement
  1. a a financial statement showing the revenue and expenses for a fiscal period
  2. b A signature or stamp on the back of a check transferring ownership
  3. c writing an account title and number on the heading of an account
  4. d The difference between total revenue and total expenses when total revenue is greater
  5. e the amount in an account

5 Multiple choice questions

  1. a check with a future date on it
  2. A columnar accounting form used to summarize the general ledger information needed to prepare financial statements
  3. the amount remaining after the value of all liabilities is subtracted from the value of all assets
  4. Recording transactions in a journal
  5. Planning, recording, analyzing, and interpreting financial information

5 True/False questions

  1. sales invoiceAn invoice used as a source document for recording a sale on account


  2. Capitalthe account used to summarize the owner's equity in a business


  3. Accounting recordsorganized summaries of a business's financial activities


  4. Ethicsthe principles of right and wrong that guide an individual in making decision


  5. proving cashAn amount of cash kept on hand and used for making small payments