CHAPTER 1 (VOCAB) - ACCOUNTING

CHAPTER 1 (VOCAB) - ACCOUNTING

9th - 12th Grade

24 Qs

quiz-placeholder

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CHAPTER 1 (VOCAB) - ACCOUNTING

CHAPTER 1 (VOCAB) - ACCOUNTING

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

TRAVIS PAULSEN

Used 31+ times

FREE Resource

24 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Planning, recording, analyzing, and interpreting financial information.

accounting

accounting system

accounting records

financial statements

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A planned process for providing financial information that will be useful to management.

accounting

accounting system

accounting records

financial statements

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Organized summaries of a business’s financial activities.

accounting

accounting system

accounting records

financial statements

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Financial reports that summarize the financial condition and operations of a business.

accounting

accounting system

accounting records

financial statements

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business that performs an activity for a fee.

service business

proprietorship

asset

equities

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business owned by one person.

service business

proprietorship

asset

equities

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anything of value that is owned.

service business

proprietorship

asset

equities

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