Accounting
Authored by Mr G
Computers
8th Grade
Used 4K+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How would an accountant record an increase in cash?
Debit
Credit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How would an accountant record an increase in sales?
debit
credit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Expense
debit
credit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
credits on the
left
right
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The period of time covered by an accounting report is the accounting period.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Any amounts owed by a business and reported on the balance sheet are referred to as ________________.
assets
liabilities
profit
expenses
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The basic accounting equation is Assets=Liabilities + _______________________.
Income
Owner's Equity
Expenses
Profit
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