EMS0909

EMS0909

9th Grade

5 Qs

quiz-placeholder

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EMS0909

EMS0909

Assessment

Quiz

Business

9th Grade

Hard

Created by

Woodridge Connect

FREE Resource

5 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

For every debit entry there must be a matching credit entry in the ledger. This is know as_____

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All activities involving monetary value that take place between the business and other enterprises (people) must at some point be recorded in the books of the enterprise

Journals

Transactions

Documents

General ledger

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All transactions must be recorded properly. Accounts must be balanced and a trial balance needs to be prepared.

Income statement

Transactions

Trial Balance

Financial statement

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a business received money from a client for service rendered - in which journal should the transaction be recorded?

No Journal Entry

Cash Receipts Journal

Cash Payments Journal

General Ledger

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mr. Fleho deposited money as capital contribution into the business bank account - in which journal should the transaction be recorded?

Cash Receipts Journal

Cash Payments Journal

No Journal Entry

General Ledger