Advanced Accounting 301

Random Miscellaneous Quiz

Can you name the accounting terms?

Quiz not verified by Sporcle

How to Play
Score 0/15 Timer 05:00
board created by the Sarbanes-Oxley Act that oversees public accounting profession
governs the timing of revenue recognition
offsets revenue with expenses incurred in producing that revenue
responsible for determining generally accepted accounting principles
What is net income if income summary account has debits of $85,000 and credits of $75,000
if fee is received in advance for rental of a truck, what is credited?
if total assets equal $375,000 and total owners' equity equals $247,000, then total liabilities must equal
establishes International Financial Reporting Standards:
When closing, all revenue accounts are:
owners of capital stock in a corporation
Assets = Liabilities + ______
Current Assets - Current Liabilities =
Prepaid Expense is a(n)
When closing expense accounts, what is debited?

You're not logged in!

Compare scores with friends on all Sporcle quizzes.
Sign Up with Email
Log In

You Might Also Like...

Show Comments