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5 Written questions

5 Matching questions

  1. Net income
  2. Entry
  3. Check
  4. Account
  5. bank statement
  1. a a report of deposits, withdrawals, and bank balances sent to a depositor by a bank
  2. b a record summarizing all the information pertaining to a single item in the accounting equation
  3. c Information for each transaction recorded in a journal
  4. d The difference between total revenue and total expenses when total revenue is greater
  5. e A business form ordering a bank to pay cash from a bank account

5 Multiple choice questions

  1. form describing the goods or services sold
  2. a business activity that changes assets, liabilities, or owner's equity
  3. An endorsement indicating a new owner of a check
  4. An accounting device used to analyze transactions
  5. a journal with two amount columns in which all kinds of entries can be recorded

5 True/False questions

  1. Business ethicsThe difference between total revenue and total expenses when total expenses are greater

          

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

          

  3. Trial balancea business activity that changes assets, liabilities, or owner's equity

          

  4. creditAn amount recorded on the right side

          

  5. Normal balancethe amount in an account