Accounting
Quiz by Emily Lamar
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10 questions
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- Q1The average salary for an accountant is approximately $68,000.FalseTrue20sEditDelete
- Q2The projected growth for accountants is slow.FalseTrue10sEditDelete
- Q3In accounting, debit meanson the rightaddsubtracton the left30sEditDelete
- Q4In accounting, credit meansaddsubtracton the righton the left30sEditDelete
- Q5The basic accounting equation isassets = liabilities - owner's equityassets + liabilities = owner's equityassets = liabilities + owner's equity30sEditDelete
- Q6An obligation to pay money isan asseta liabilityowner's equity30sEditDelete
- Q7Something that you own that has a value isowner's equityan asseta liability30sEditDelete
- Q8Is an employee paycheck an example of a liability?YesNo30sEditDelete
- Q9What financial statement shows a snapshot of a company's financial health at a specific point in time.Income StatementBalance Sheet20sEditDelete
- Q10What financial statement shows the profitability of a company over a period of time?Income StatementBalance Sheet20sEditDelete