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5 Written questions

5 Matching questions

  1. special endorsement
  2. Business ethics
  3. dishonored check
  4. Expense
  5. endorsement
  1. a the use of ethics in making business decisions
  2. b A signature or stamp on the back of a check transferring ownership
  3. c a check that a bank refuses to pay
  4. d a decrease in owner's equity resulting from the operation of a business
  5. e An endorsement indicating a new owner of a check

5 Multiple choice questions

  1. A business form giving written acknowledgement for cash received.
  2. a financial statement that reports assets, liabilities, and owner's equity on a specific date
  3. length of time for which a business summarizes and reports financial information
  4. The difference between total revenue and total expenses when total revenue is greater
  5. An amount of cash kept on hand and used for making small payments

5 True/False questions

  1. blank endorsementA signature or stamp on the back of a check transferring ownership

          

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

          

  3. Double-entry AccountingThe recording of debit and credit parts of a transaction

          

  4. proving cashDetermining that the amount of cash agrees with the accounting records

          

  5. Service businessa financial statement that reports assets, liabilities, and owner's equity on a specific date