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5 questions
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  • Q1

    A merchandising business is all about ___________________________

    multiplem://retailing|100:wholesaling|75:buying and selling|50

    manufacturing

    30s
    ABM_FABM11-IVe-j-35
  • Q2

    Concept in support of adjusting entries is__________________________________

    multiplem://accrual|100:matching|75:periodicity|50

    materiality

    30s
    ABM_FABM11-IVa-d-33
  • Q3

    A trial balance can be_____________________________________

    unbalanced

    multiplem://unadjusted|100:adjusted|75:post-closing|50

    30s
    ABM_FABM11-IVa-d-32
  • Q4

    Fra Luca Pacioli is ___________________________________

    multiplem://a Franciscan monk:a mathematician:father of double entry bookkeeping

    an artist

    30s
    ABM_FABM11-IIIa-4
  • Q5

    A reversing entry for a merchandising business is ____________________________

    multiplem://optional|100: the last step in the accounting cycle|75: done at the beginning of the period|50

    comes after the preparation of the worksheet

    30s
    ABM_FABM11-IVe-j-40

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