BHS Acct 101 slide show quiz

6 Responses | Created by mburgess |
  1. 1

    The business used as an example in the slide show was a

  2. 2

    Depreciation expenses the cost of a large asset over a period of time.

  3. 3

    Examples of cash out include

  4. 4

    A reason for keeping accurate books is

  5. 5

    Fixed expenses will change if you sell more merchandise.

  6. 6

    The difference between the selling price and the cost of merchandise is

  7. 7

    Sales minus Cost of Merchandise is Gross Profit

  8. 8

    The scorecard "Stuff You Have, Who Owns It?" is similar to which financial statement listed below.

  9. 9

    The Cash Flow scorecard

  10. 10

    Which of the following is an example of a liability?

  11. 11

    A transaction using Accounts Payable

  12. 12

    The Income Score Card keeps track of everything a business owns and owes.

  13. 13

    Accounting is

  14. 14

    Interest paid on a loan is an example of an expense.

  15. 15

    Adding an owner is one way of how money comes into a business.

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