Basic Accounting Terms 2
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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_____________________ are useful in showing how transactions are recorded.
B-Accounts
A-Accounts
C-Accounts
T-Accounts
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Accounting is referred to as the "language of ___________________."
profit
life
accounting
business
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A list of accounts used by a business.
accounting equation
chart of accounts
temporary accounts
permanent accounts
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An accounting device used to analyze transactions.
T account
temporary account
personal account
permanent account
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The left side of a T-Account is called
Debit
Credit
Left Side
Right Side
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Recording transactions is a journal in a chronological order on a daily basis is known as______________________.
Recording
Updating
Interpreting
Journalizing
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
______________________ is the transfer of journalized transactions to their accounts.
Posting
Recording
Updating
Journalizing
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