Miscellaneous Quiz / Accounting 1 Review

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Can you name the Accounting 1 Review?

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Owner's Equity + Liabilities =
Left side of a T account
Right side of a T account
Accounts recievable is normally a
Accounts payable is normally a
What type of expense is a service charge
What type of expense is an electric bill
When the owner of a company takes money out of the company for groceries it is
When adjusting entries which account counters Insurance Expense
A proprietorship is normally owned by how many people
What is normally credited in the Purchases Journal
In the Cash Payments journal _______ is normally credited
Debit Memorandum's normally go in the _____ Journal.
Terminal summaries go in the _______ _____ Journal.
Receipts always go in the ______ ______ Journal.
Sales on account always go in the _____ Journal.
Total Earnings - Total Deductions =
What is a sale for which cash will be received at a later date
What is a form on which a brief message is written describing a transaction
What is the procedure for transferring information from a journal entry to a ledger account
A check that a bank refuses to pay.
A report of doposits, withdrawals, and bank balances sent to a depostor by a bank?
The difference between total revenue and total expenses when total revenue is greater
what is maj eot backwards

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Created May 4, 2010ReportNominate
Tags:accounting, chapter, review

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