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Beschreibung
Quiz von jessicamarie186, aktualisiert more than 1 year ago
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Erstellt von jessicamarie186
vor fast 9 Jahre
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Frage 1
Frage
What does FUTA Stand for
Antworten
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Federal Unemployment Tax Administration
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State Unemployment Tax Administration
Frage 2
Frage
What is Step 8 of the accounting Process
Antworten
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Post Closing Entires
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Preparing Finical Statement
Frage 3
Frage
Which heading is correct for Income Statement
Antworten
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Finical Document, Company Name, Dates
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Finical Document, Company Name, Date
Frage 4
Frage
What is Step three of the finical Statement
Antworten
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Analyze
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Post to general Ledger
Frage 5
Frage
Which one is DR
Antworten
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Assest, W/D, Expense
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Liability, Capital, Revenue
Frage 6
Frage
If you a credit transaction you have a debit transaction
Antworten
- True
- False
Frage 7
Frage
If you have a debit transaction you have a debit transaction
Antworten
- True
- False
Frage 8
Frage
What is posting to the general Ledger
Antworten
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Putting Transaction in the correct account
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we use T-Chart and Show the balance using a footing
Frage 9
Frage
Prepaid is an asset
Antworten
- True
- False
Frage 10
Frage
What is a Adjustment Balance
Antworten
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Beginning Balance-Ending Balance
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Ending Balance- Beginning Balance
Frage 11
Frage
Are wages payable Debit or Credit?
Antworten
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Debit
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Credit
Frage 12
Frage
Are Wages Expenses Debit or Credit?
Antworten
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Credit
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Debit
Frage 13
Frage
Depreciation is when equipment gained value
Antworten
- True
- False
Frage 14
Frage
What do you do when you are done with adjustments
Antworten
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Extend Worksheet
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Create balance sheet
Frage 15
Frage
What are Adjusting Entires
Antworten
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Supplies/ Inventory
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Wages Payable
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Prepaid Expense
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Depreciation
Frage 16
Frage
Is step Nine of the account Process
Antworten
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Post- Closing Trial Balance
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Closing the books/ post closing entires
Frage 17
Frage
Defien Accural Accounting
Antworten
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Has a right to something at the time wither received or payed it is a revenue or expense
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Has a right to something at the time wither received or Payed it is a Credit
Frage 18
Frage
The difference between capital and cash is capital you invest
Antworten
- True
- False
Frage 19
Frage
In the account T-Chart Debits are on the left?
Antworten
- True
- False
Frage 20
Frage
Step three of the accounting formula is Posting to the General Ledger
Antworten
- True
- False
Frage 21
Frage
What is the percentage of SS
Antworten
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6.2%
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1.45%
Frage 22
Frage
What is the percentage of MDCR
Antworten
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6.2%
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1.45%
Frage 23
Frage
Petty chas is an imp rest account its always changing
Antworten
- True
- False
Frage 24
Frage
Bank Rec is to make sure the bank matches your books
Antworten
- True
- False
Frage 25
Frage
Closed accounts
Antworten
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revenue
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W/D
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Expense
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Credit
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