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Accounting 6th 6-wks Lesson 2 Wed&Thurs 5-6&7

Quiz by Sally Bader

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4 questions
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  • Q1
    The price a business pays for goods it purchases to sell.
    Sales Tax
    Cost of Merchandise
    Markup
    30s
  • Q2
    When you total the columns, balance, and double-rule, you have
    Sold your Equity
    Not been able to balance
    Proved your Journal
    30s
  • Q3
    What shows that your debits and credits are equal?
    Trial Balance
    Income Statement
    Balance Sheet
    30s
  • Q4
    Changes on a worksheet to update general ledger accounts are called
    liabilities
    assets
    adjustments
    30s

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