Accounting Midterm Review

Random Miscellaneous Quiz

Can you name the Accounting Midterm Review?

Quiz not verified by Sporcle

 plays        
How to Play
Score 0/60 Timer 20:00
QuestionAnswer
The balance sheet section of the includes ______ , _______, and _______ accounts.
$32000(asset) = ________ + $15600(owners equity)
Capital has a normal_______ balance?
Buying on credit is the same as buying on account. (True/False?)
the second step in the accounting cycle is______?
Cash in Bank, Computer Equipment, and Accounts Receivable are all _______s?
A single rule means?
A transposition error occurs when?
Assets and liabilities __________ accounts?
Revenue, expense, and withdrawals are________ accounts?
Should the business owner mix private and business accounts?
A memorandum is _________.
A debit increases on the______?
Grooming Revenue has a normal_______balance?
Liabilities increase ont the __________ side?
Assets increase on the __________ side?
What are Expenses?
Financial claim is the creditors legal right to the item (True/False?)
Net income is the ____________.
the revenue and expense accounts are listed in the _________section of the work sheet
An invoice________.
What number do asset accounts begin at?
Accounts Payable is considered a ________?
A credit increases on the______?
a fiscal year is how long?
a source document is________.
Expenses increase on the ________ side?
A slide error occurs when_______.
Revenue recognition is when business owners_______?
What is a chart of accounts?
QuestionAnswer
withdrawals has a normal______balance?
the fourth step in the accounting cycle is ________?
Posting is the process of transferring in formation from _______ to ________.
the work sheet is________.
A receipt ________.
The normal balance is recorded______?
Adding the credit and debits and comparing them is called?
Leger account forms record ___________ accounts.
Accounts payable has a normal______balance?
Cash in Bank has a normal______balance?
Property is anything a business owns (True/False?)
Mistakes are corrected using a _____.
What is a liability?
the act of putting the transactions in the journal is called_________.
The Accounting Cycle
Net loss occurs when ________ is higher than ________.
the fifth step in the accounting cycle is ______.
the first step in the accounting cycle is_______?
A T account helps organize accounts by_____?
Double entry accounting recognizes the two sides of the business transactions as_____?
A general journal is an _______ purpose journal?
What is Revenue?
a calendar year spans between what two dates?
A journal is a ________.
Capital and withdrawals are both considered______ _____?
The 6th step in the accounting cycle is_____.
the third step in the accounting cycle is ________?
What is a withdrawal?
A trial balance is______.
A check stub _________.

Friend Scores


  Player Best Score Plays Last Played
You You haven't played this game yet.

You Might Also Like...

Extras

Created Jan 25, 2011ReportNominate
Tags:accounting, midterm, review