Ch 7 Section 2 Review
Flashcard
•
Business
•
9th - 12th Grade
•
Hard
Wayground Content
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3 questions
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1.
FLASHCARD QUESTION
Front
When creating the Balance Sheet, which is the correct date format? Options: For the Month Ended January 15, 2024; For the Period Ended January 15, 2024; January 15, 2024
Back
January 15, 2024
2.
FLASHCARD QUESTION
Front
What is the accounting equation?
Back
Assets = Liabilities + Owner's Equity
3.
FLASHCARD QUESTION
Front
How do you calculate the owner's capital account?
Back
Owner's Equity Account Number from Worksheet + Net Income
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