Final Exam Review-Accounting

Final Exam Review-Accounting

88 Qs

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Final Exam Review-Accounting

Final Exam Review-Accounting

Assessment

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88 questions

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1.

OPEN ENDED QUESTION

30 sec • Ungraded

First Name

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2.

OPEN ENDED QUESTION

30 sec • Ungraded

Last Name

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3.

OPEN ENDED QUESTION

30 sec • Ungraded

Date

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OFF

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three basic types of businesses?

Service, Profit, Non-Profit
Service, Merchandising, Manufacturing
Profit, Manufacturing, Merchandising
Service, Merchandising, Sales

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of accounting document will show if a business is profitable?

Income Statement
Balance Sheet
Statement of Cash Flows
Profit/Loss Statement

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of accounting document will show the value of a business (what they own and what they owe)?

Income Statement
Balance Sheet
Statement of Cash Flows
Profit/Loss Statement

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of accounting document will show exactly what happened to the most important asset...Cash?

Income Statement
Balance Sheet
Statement of Cash Flows
Profit/Loss Statement

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