Can you name the Accounting 1 review part 2?

created by JoeandBritt
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A good quiz should always start out with an easy question 
A columnar accounting form used to summarize the general ledger information needed to prepare financial statements
 
A financial statement showing the revenue and expeneses for a fiscal period
 
On a work sheet, the balance of an expense accoutn is extended to the
ISDC 
An equation showing the relationship among assets, liabilities, and owners equity
 
An accounting device used to analyze transactions
 
A business owned by one person
 
how many people own a sole proprietorship
 
Assets taken out of a business for the owner's personal use
 
The amount in an account
 
An increase in owners equity resulting from the operation of a business
 
an amount owed by a business
 
The account used to summarize the owner's equity in the business
 
Journal entries recorded to update general ledger accounts at the end of a fiscal period
 
Journal entries used to prepare temporary accounts for a new fiscal period
 
Total shares of ownership in a corporation
 
An organization with the legal rights of a person and which may be owned by many persons
 
A cash discount on purchases taken by a customer
 
A computer used to collect, store, and report all the information of a sales transaction
 
A sale in which a credit card is used for the total amount of the sale at the time of the transaction
 
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Accounting 1 review part 2 Quiz

  1. by JoeandBritt

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