abm q5

abm q5

11th Grade

85 Qs

quiz-placeholder

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abm q5

abm q5

Assessment

Quiz

Business

11th Grade

Hard

Created by

Geleena Gestiada

FREE Resource

85 questions

Show all answers

1.

OPEN ENDED QUESTION

45 sec • 1 pt

What is the accounting equation?

Evaluate responses using AI:

OFF

2.

OPEN ENDED QUESTION

45 sec • 1 pt

Which of the following is an example of a liability?

Evaluate responses using AI:

OFF

3.

OPEN ENDED QUESTION

45 sec • 1 pt

Who are the internal users of accounting information?

Evaluate responses using AI:

OFF

4.

OPEN ENDED QUESTION

45 sec • 1 pt

What is the function of accounting?

Evaluate responses using AI:

OFF

5.

OPEN ENDED QUESTION

45 sec • 1 pt

What form of business is owned by one person?

Evaluate responses using AI:

OFF

6.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

What is the normal balance of an asset account?

7.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

What is the first book of accounts where transactions are recorded?

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