ADJUSTMENTS AT THE END OF ACCOUNTING PERIOD

ADJUSTMENTS AT THE END OF ACCOUNTING PERIOD

4th - 5th Grade

10 Qs

quiz-placeholder

Similar activities

50/30/20 Budget Rule

50/30/20 Budget Rule

1st - 10th Grade

10 Qs

Akaun Kawalan

Akaun Kawalan

1st - 12th Grade

5 Qs

RAKHI SIBLING SPECIAL QUIZ

RAKHI SIBLING SPECIAL QUIZ

2nd - 12th Grade

15 Qs

Debit Kelas 5

Debit Kelas 5

5th Grade

10 Qs

REVISION - HISTORY AND FEATURES OF PROPERTY & PECUNINSURANCE

REVISION - HISTORY AND FEATURES OF PROPERTY & PECUNINSURANCE

4th Grade

11 Qs

Life Insurance

Life Insurance

5th - 12th Grade

6 Qs

Math 2 #21-5-24

Math 2 #21-5-24

5th Grade

7 Qs

imbangan dagangan

imbangan dagangan

5th Grade

10 Qs

ADJUSTMENTS AT THE END OF ACCOUNTING PERIOD

ADJUSTMENTS AT THE END OF ACCOUNTING PERIOD

Assessment

Quiz

Education

4th - 5th Grade

Medium

Created by

NORKHAIRUL AZLINA BM

Used 777+ times

FREE Resource

AI

Enhance your content

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of accounts are Interest Receivable and Fees Receivable?

Asset

Liability

Revenue

Expense

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of Unearned Revenues Account?

Asset

Liability

Owner's Equity

Revenues

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of accounts are Prepaid Insurance, Prepaid Advertising, and Prepaid Expenses?

Asset

Liability

Owner's Equity

Expense

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of entry will decrease the normal balances of the accounts Prepaid Insurance and Prepaid Expenses, and Insurance Expense?

Debit

Credit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of accounts are Accumulated Depreciation and Allowance for Doubtful Accounts?

Liability

Owner's Equity

Contra Asset

Asset

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following will be included in the adjusting entry to accrue interest expense?

Debit to Cash

Credit to Interest Payable

Debit to Interest Payable

Debit to Prepaid Interest

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The adjusting entry that reduces the balance in Prepaid Insurance will also include which of the following?

Credit to Cash

Credit to Insurance Expense

Debit to Insurance Expense

Debit to Insurance Payable

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?