The process of keeping the financial records of a business is known as
BE 4.01--Acctg/Fin

Quiz
•
Business
•
9th - 12th Grade
•
Medium
Jackie Jackson
Used 17+ times
FREE Resource
19 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
accounting
controlling
financing
bookkeeping
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A creditor is most likely to examine a business's financial accounting records if the business is:
using cash accounting
selecting a new market
applying for a bank loan
complying with regulations
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For an accounting system to be useful to the business, the accounting information it contains must be
approved by the chief executive officer
posted by an accountant
recorded using the accrual method
accurate and up to date
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a requirement for a good accounting system?
it should be updated annually
it should provide needed information quickly
it should eliminate the need for an accountant
it should be replaced every two or three years
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Checks, receipts, invoices and purchase orders are examples of:
financial statements
department ledgers
source documents
accounting standards
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of accounting method would most likely be used by a small business owner who does not offer credit?
check method
accrual method
COD method
cash method
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following makes comparisons of the financial conditions of multiple organizations possible?
Source document
Accounting standards
Bookkeeping
Trial balance
Create a free account and access millions of resources
Similar Resources on Wayground
20 questions
Accounting Definition, Users and Branches w/ Accounting Equation

Quiz
•
11th Grade
18 questions
Chapter 1 Accounting Terms

Quiz
•
9th - 12th Grade
20 questions
MODULE 3 - POST-TEST - BASIC ACCOUNTING

Quiz
•
10th Grade
20 questions
FABM 1 EXAM

Quiz
•
12th Grade
20 questions
Accounting Chapter 1 Review

Quiz
•
9th - 12th Grade
20 questions
Double Entry Book-keeping

Quiz
•
10th - 12th Grade
20 questions
POBF Nature of Accounting 6.01

Quiz
•
9th - 12th Grade
20 questions
Double Entry

Quiz
•
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 Business
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