What is the accounting equation?
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abm q5
Quiz
•
Business
•
11th Grade
•
Hard
Geleena Gestiada
FREE Resource
85 questions
Show all answers
1.
OPEN ENDED QUESTION
45 sec • 1 pt
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:
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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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