Accounting Unit 1 Quiz

39 Responses | Created by ChrisA |

Answer the foolowing multiple choice questions

  1. 1

    Which of the following is NOT a characteristic of corporation?

  2. 2

    Internal information users are all

  3. 3

    These all are wrote in the credit side while increasing

  4. 4

    Income statement includes information about

  5. 5

    Double entry accounting states that

  6. 6

    Business entity prinsiple states that

  7. 7

    Accounting cycle is going by following order

  8. 8

    Which is the right order of righting assets in balance sheet?

  9. 9

    Which one does not have to be changed if building is being bought and partly being paid by cash and the other part is left to be paid after

  10. 10

    According to the cost prinsiple

  11. 11

    Sole proprietorship

  12. 12

    Equipment and Liabilities are

  13. 13

    How is revenue effecting owner's equity?

  14. 14

    The net income occurs when

  15. 15

    Unearned revenue is written as

  16. 16

    Which accounts are affected if the owner receives a bill for paying an apartment expense for next week

  17. 17

    which is possible to be an account number of wages expense?

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