
Temporary Accounts Chapter 5
Authored by Robyn Bohn
Business
11th Grade
Used 6+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of accounts are temporary in accounting?
Revenue, expense and drawing accounts
T accounts
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does revenue recognition mean?
Recognizing revenue on the date earned
Recording and reporting expenses in financial statements
3.
REORDER QUESTION
1 min • 1 pt
What order are these accounts listed on a charter of accounts?
Equity
Expenses
Assets
Revenue
Liabilities
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How are temporary accounts in accounting different from permanent accounts?
5.
DRAG AND DROP QUESTION
1 min • 1 pt
Revenue accounts are increased on the (a) side.
6.
DRAG AND DROP QUESTION
1 min • 1 pt
Expense accounts are increased on the (a) side.
7.
DRAG AND DROP QUESTION
1 min • 1 pt
Withdrawal accounts are increased on the (a) side.
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