Miscellaneous Quiz / Accounting Midterm Review

Random Miscellaneous Quiz

Can you name the Accounting Midterm Review?

Quiz not verified by Sporcle

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

You're not logged in!

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

You Might Also Like...

Show Comments

Extras


Your Account Isn't Verified!

In order to create a playlist on Sporcle, you need to verify the email address you used during registration. Go to your Sporcle Settings to finish the process.