Accounting basic

star goldstar goldstar goldstar goldstar greyFemaleMale
10 Questions - Developed by: Mustafa Ahmed - Developed on: - 2.070 taken

  • 1
    What account type is the common stock account?
  • 2
    What account type is the freehold building account?
  • 3
    A debit to an account is always an increase.
  • 4
    2. When revenue is greater than expenses, you have a ___?
  • 5
    Assets - Liabilities = ____?
  • 6
    2. What is the amount collected from the sale of goods and services called?
  • 7
    6. This can be written either in an account form or a report form.
  • 8
    Business claims against the property of a customer arising from the sale of goods and/or services on account.
  • 9
    Assets = Liabilities + Owner's Equity (Capital)
  • 10
    Type of accounting/bookkeeping system that requires every transaction to be recorded in at least two places (accounts) using a debit and a credit.

Comments (0)

autorenew