Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
Give this quiz to my class
Q 1/8
Score 0
Accounts used to collect information that will be transferred to a permanent capital account at the end of a single accounting period. (For example: revenue, expense and the owner's equity withdrawals account).
30
Temporary Accounts
Q 2/8
Score 0
Accounts that are continuous from one accounting period to the next; balances are carried forward to the next period (for example: assets, liabilities and the owner's capital account).
30
Permanent Accounts
8 questions
Q.
Accounts used to collect information that will be transferred to a permanent capital account at the end of a single accounting period. (For example: revenue, expense and the owner's equity withdrawals account).
1
30 sec
Q.
Accounts that are continuous from one accounting period to the next; balances are carried forward to the next period (for example: assets, liabilities and the owner's capital account).
2
30 sec
Q.
Record business income revenue earned from selling goods or services. Increases Owners equity.
3
30 sec
Q.
Expenses decrease the Owner's Capital. Advertising Ex. is an example.
4
30 sec
Q.
The amount of money or assets the owner takes out of the business.
5
30 sec
Q.
increase on the debit side, decrease on the credit side
6
30 sec
Q.
increase on the credit side, decrease on the debit side.
7
30 sec
Q.
Theses temporary accounts feed into the Permanent account of Capital at the end of the accounting period.
