When accounting is processed by hand it is called

Unit 7: Accounting (Part 4)

Quiz
•
Life Skills
•
9th - 12th Grade
•
Hard
Lauren Reed
Used 7+ times
FREE Resource
34 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In-house system
Manual accounting system
Financial Reporting system
Open Accounting
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The purpose of the income statement is to report
all assets, liabilities, and owner's equity
all the accounts used in journalizing a business's transactions
balances in the capital accounts in order to determine the net income or loss
the net income or loss for a fiscal period
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The purpose of the Income Summary account is
to close the temporary accounts
to accumulate and summarize the revenue and expenses for the period
to transfer the balance of the Income Summary account to the capital account
to report the net income or net loss for the accounting period
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A certain employee is paid every week on an hourly pay basis. She worked 38.5 hours for the week, and her hourly rate of pay is $12.00. The federal and state taxes combined equal $114.02. If there are no additional deductions, what is the employee's net pay for the week?
462.00
348.00
576.02
347.98
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which method of paying employees involves a fixed amount paid for each period?
piece rate
commisson
salary
hourly wage
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which form is considered the withholding allowances certification?
W-2
W-4
1040
1099
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Julie earns $18.50 per hour. She paid overtime (time and one-half) for hours worked on Sunday. The first Sunday in June she worked 6 hours, giving her 46 hours for the week. What were her gross wages if total taxes were 163.17.
851.00
1,069.67
743.33
906.50
Create a free account and access millions of resources
Similar Resources on Wayground
36 questions
Chapter 4 test: Budgeting Review

Quiz
•
9th - 12th Grade
35 questions
Exam Review - 1st Semester

Quiz
•
11th - 12th Grade
39 questions
Banzai Test

Quiz
•
11th - 12th Grade
32 questions
Taxes Review

Quiz
•
9th - 12th Grade
35 questions
CALM 20 - Resource Choices Review

Quiz
•
9th - 12th Grade
30 questions
Personal Finance Quiz

Quiz
•
10th Grade - University
33 questions
Chapter 6 - Accounting 1

Quiz
•
9th - 12th Grade
35 questions
Budgets & Financial Records (FL3)

Quiz
•
9th - 12th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade
Discover more resources for Life Skills
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade