Accounting Checkup! WK 11/13
Quiz by Deanna Vance
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13 questions
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- Q1a record summarizing all the information pertaining to a single item in the accounting equation.SpreadsheetBalance SheetAccountStock Certificate30s
- Q2the outstanding amount in an accountOverdrawnAccount BalanceFeeOverdraft30s
- Q3The name given to an accountAccount printoutAccount customizationAccount title30s
- Q4Equation showing the relationship between assets, liabilities and owners equity.AssetsAccounting EquationAsset to liability ratioIncome analysis30s
- Q5anything owned by the businessassetsrevenueowner's equityliabilities30s
- Q6When a business' financial information is reported separately from personal information.Corporate justificationSeparation of liabilityBusiness EntityCorporate sponsorship30s
- Q7Amount remaining after all liabilities are subtracted from all assets.LiabilitiesAssetsCapitalPrepaid Insurance30s
- Q8See imageCashAmount owedLiabilities30s
- Q9A accounting entry on the left as well as on the right side of an accountDouble corporate accountingDouble entry accountingDouble sided accountingDouble trust accounting30s
- Q10Any amount owed to outside partiesassetsowner's equityLiabilitiesrevenue30s
- Q11Account used to summarize the owners equity in a business.Owners Equityassetsliabilities30s
- Q12Business owned by one person.Sole ProprietorshipFranchiseCorporationPartnership30s
- Q13Business activity that changes assets, liabilities, or owners equity.LiabilitiesOwner's EquityAssetsTransaction30s
