
Final Examination in Work Immersion

Quiz
•
Instructional Technology
•
12th Grade
•
Hard
Ivy Bangalando
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What accounts are found in the balance sheet?
Assets and liabilities
Revenue and expenses
Assets, liabilities and equity
Expenses and assets
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What statement is used to ensure debits equals credits?
Trial Balance
Balance Sheet
Income Statement
None of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The income statement shows which of the following?
Expenses and income
Income and Cost of Goods sold
Income, Cost of Goods Sold and expenses
Just income
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The accounts payable schedule shows:
Vendors that owe the company money
Vendors the company owes money to
All of the above
None of the Above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does it mean when an accountant prepare an accounts receivable schedule?
Creating a separate ledger for each customer
Creating many ledgers for each customer
Creating a separate ledger for each invoice of every customer
None of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the requirement in creating Financial Statements?
The balance sheet
The income statement
The trial balance
None of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following shows the contents of the income statements?
Revenue less COGSS
Revenue less expenses
Revenue less Cost of Goods Sold, less expenses
None of the above
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