Accounting Basics

Accounting Basics

9th - 12th Grade

37 Qs

quiz-placeholder

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Accounting Basics

Accounting Basics

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Julie Hart

Used 28+ times

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37 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of class does an Accounting class most closely resemble?

Math

History

Foreign Language

Engineering

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accounting is called the language of:

Numbers

Equations

Accountants

Business

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following tasks does a bookkeeper perform?

Analyze financial statements

Payroll

Pay Bills

Day-to-Day accounting functions

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a business prepares 'Annual' financial statements, how long is that period?

Weekly

3 Months

6 Months

12 Months

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a business prepares 'Quarterly' financial statements, how long is that period?

Weekly

Monthly

3 Months

12 Months

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the financial statement that shows how much a business owns, how much a business owes, and what a business is worth at any point in time?

Balance Sheet

Income Statement

Statement of Cash Flows

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the financial statement that shows how much a business earned in sales, how much it spent, and how much profit the business earned?

Balance Sheet

Income Statement

Statement of Cash Flows

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