ACC 100 Quiz 1 ACC 100 Quiz 2 ACC 100 Quiz 3
ACC 100 Quiz 1
Question 1
Â
 Liabilities of a company are owed to
Selected Answer:creditors.
Â
Question 2
Â
 The economic entity assumption requires that the activities of an entity be kept separate and distinct from the activities of its owner and all other economic entities
S
Question 3
Â
 Which one of the following represents the expanded basic accounting equation?
Â
Question 4
Â
 An account will have a credit balance if the
Â
Question 5
Â
 In recording an accounting transaction in a double-entry system
ACC 100 Quiz 2
Â
Question 1
Â
 Which of the following is in accordance with generally accepted accounting principles?
Â
Question 2
Â
 The revenue recognition principle dictates that revenue should be recognized in the accounting records
Question 3
Â
 In preparing closing entries
Question 4
Â
 Closing entries are necessary for
Question 5
Â
 "After the adjusting entries are journalized and posted to the accounts in the general ledger, the balance of each account should agree with the balance shown on the"
ACC 100 Quiz 3
Â
Question 1
Â
 "In a perpetual inventory system, cost of goods sold is recorded"
Â
Question 2
Â
 "If a company determines cost of goods sold each time a sale occurs, it"
Â
Question 3
Â
 "r companies that use a perpetual inventory system, all of the following are purposes for taking a physical inventory except"
Â
Question 4
Â
 Accounts Receivable and Accounts Payable are examples of
Â
Question 5
Â
 In which journal would a cash purchase of inventory be recorded?
Â
Answers
Status NEW
Posted 13 Apr 2019 12:04 PM
My Price 5.00
ACC----------- 10-----------0 Q-----------uiz----------- 1 -----------ACC----------- 10-----------0 Q-----------uiz----------- 2 -----------ACC----------- 10-----------0 Q-----------uiz----------- 3-----------
Attachments
file 1555156869-ACC 100 Quiz 123.docx preview (378 words )
A-----------CC -----------100----------- Qu-----------iz -----------1 -----------Que-----------sti-----------on -----------1 -----------6 o-----------ut -----------of -----------6 p-----------oin-----------ts ----------- L-----------iab-----------ili-----------tie-----------s o-----------f a----------- co-----------mpa-----------ny -----------are----------- ow-----------ed -----------to -----------Sel-----------ect-----------ed -----------Ans-----------wer-----------: c-----------red-----------ito-----------rs.----------- Q-----------ues-----------tio-----------n 2----------- 6----------- ou-----------t o-----------f 6----------- po-----------int-----------s ----------- Th-----------e e-----------con-----------omi-----------c e-----------nti-----------ty -----------ass-----------ump-----------tio-----------n r-----------equ-----------ire-----------s t-----------hat----------- th-----------e a-----------cti-----------vit-----------ies----------- of----------- an----------- en-----------tit-----------y b-----------e k-----------ept----------- se-----------par-----------ate----------- an-----------d d-----------ist-----------inc-----------t f-----------rom----------- th-----------e a-----------cti-----------vit-----------ies----------- of----------- it-----------s o-----------wne-----------r a-----------nd -----------all----------- ot-----------her----------- ec-----------ono-----------mic----------- en-----------tit-----------ies----------- Se-----------lec-----------ted----------- An-----------swe-----------r: -----------Tru-----------e -----------Que-----------sti-----------on -----------3 -----------0 o-----------ut -----------of -----------6 p-----------oin-----------ts ----------- W-----------hic-----------h o-----------ne -----------of -----------the----------- fo-----------llo-----------win-----------g r-----------epr-----------ese-----------nts----------- th-----------e e-----------xpa-----------nde-----------d b-----------asi-----------c a-----------cco-----------unt-----------ing-----------
Not Rated(0)