Accounting Chapter 3

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Q 1/9
Score 0
A system that identifies, records, summarizes and communicates the various transactions of a company.
30
Accounting information system
Q 2/9
Score 0
Any economic event that effects a companies assets, liabilities, or equity at the time of the event.
30
Accounting transaction

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Related quizzes

Accounting Chapter 3

Quiz by Jala

Customize this quiz to suit your class

Instantly translate to 100+ languages

Measure skills

from any curriculum

Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.

Q 1/9
Score 0
A system that identifies, records, summarizes and communicates the various transactions of a company.
30
Accounting information system
Q 2/9
Score 0
Any economic event that effects a companies assets, liabilities, or equity at the time of the event.
30
Accounting transaction

9 questions

Q.

A system that identifies, records, summarizes and communicates the various transactions of a company.

1

30 sec

Q.

Any economic event that effects a companies assets, liabilities, or equity at the time of the event.

2

30 sec

Q.

An accounting record that accumulates the activity of a specific item and yields the items balance.

3

30 sec

Q.

List of accounts that a firm will use to record activity.

4

30 sec

Q.

Every accounting transaction must affect at least two accounts.

5

30 sec

Q.

All debit and transactions, each on own side

6

30 sec

Q.

The left side of a t account ("DR")

7

30 sec

Q.

The right side of a t account ("CR")

8

30 sec

Q.

A chronological record of transactions

9

30 sec