Final Examination in Work Immersion

Final Examination in Work Immersion

12th Grade

20 Qs

quiz-placeholder

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Final Examination in Work Immersion

Final Examination in Work Immersion

Assessment

Quiz

Instructional Technology

12th Grade

Hard

Created by

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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