BE 4.01--Acctg/Fin

BE 4.01--Acctg/Fin

9th - 12th Grade

19 Qs

quiz-placeholder

Similar activities

Accounting Cycle - Service Business

Accounting Cycle - Service Business

9th Grade - University

18 Qs

6.02 Foundations of Finance

6.02 Foundations of Finance

9th - 12th Grade

22 Qs

Accounting Basics

Accounting Basics

9th - 12th Grade

15 Qs

Ch 1 Changes that Affect the Accounting Equation REVIEW

Ch 1 Changes that Affect the Accounting Equation REVIEW

10th - 12th Grade

20 Qs

MODULE 3 - PRETEST - BASIC ACCOUNTING

MODULE 3 - PRETEST - BASIC ACCOUNTING

10th Grade

20 Qs

Accounting quiz 2

Accounting quiz 2

12th Grade

20 Qs

LAP FI 354 S 4.01

LAP FI 354 S 4.01

12th Grade

20 Qs

Basic Accounting

Basic Accounting

11th - 12th Grade

15 Qs

BE 4.01--Acctg/Fin

BE 4.01--Acctg/Fin

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Jackie Jackson

Used 17+ times

FREE Resource

19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process of keeping the financial records of a business is known as

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

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?