Fourth Quarter Summative Test
Quiz by Arjay Serrano
Grade 11
Fundamentals of Accountancy, Business and Management 1
Philippines Curriculum: SHS Specialized Subjects (MELC)
Feel free to use or edit a copy
includes Teacher and Student dashboards
Track each student's skills and progress in your Mastery dashboards
With a free account, teachers can
- edit the questions
- save a copy for later
- start a class game
- automatically assign follow-up activities based on students’ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet
5 questions
Show answers
- Q1
The following can be found in an income statement except
expenses
assets
income
net loss/gain
10sABM_FABM11-IIId-e-19 - Q2
The general journal is the “book of original entry” where you can find the initial record of the transactions of a firm while the ledger contains the total or balance of each account.
truefalseTrue or False10sABM_FABM11-IIIf-23 - Q3
Classify the following into assets and liabilities
Users sort answers between categoriesSorting10sABM_FABM11-IIId-e-19 - Q4
It is used to organize and classify transactions on which the journal entries will be transferred into their specific account.
Users re-arrange answers into correct orderJumble10sABM_FABM11-IVa-d-31 - Q5
What are the steps in the accounting cycle?
Users link answersLinking10sABM_FABM11-IVa-d-34