
CHAPTER 1 (VOCAB) - ACCOUNTING
Quiz
•
Business
•
9th - 12th Grade
•
Medium
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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