3233898
Descrição
Quiz por jessicamarie186, atualizado more than 1 year ago
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Criado por jessicamarie186
quase 9 anos atrás
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Questão 1
Questão
What does FUTA Stand for
Responda
-
Federal Unemployment Tax Administration
-
State Unemployment Tax Administration
Questão 2
Questão
What is Step 8 of the accounting Process
Responda
-
Post Closing Entires
-
Preparing Finical Statement
Questão 3
Questão
Which heading is correct for Income Statement
Responda
-
Finical Document, Company Name, Dates
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Finical Document, Company Name, Date
Questão 4
Questão
What is Step three of the finical Statement
Responda
-
Analyze
-
Post to general Ledger
Questão 5
Questão
Which one is DR
Responda
-
Assest, W/D, Expense
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Liability, Capital, Revenue
Questão 6
Questão
If you a credit transaction you have a debit transaction
Responda
- True
- False
Questão 7
Questão
If you have a debit transaction you have a debit transaction
Responda
- True
- False
Questão 8
Questão
What is posting to the general Ledger
Responda
-
Putting Transaction in the correct account
-
we use T-Chart and Show the balance using a footing
Questão 9
Questão
Prepaid is an asset
Responda
- True
- False
Questão 10
Questão
What is a Adjustment Balance
Responda
-
Beginning Balance-Ending Balance
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Ending Balance- Beginning Balance
Questão 11
Questão
Are wages payable Debit or Credit?
Responda
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Debit
-
Credit
Questão 12
Questão
Are Wages Expenses Debit or Credit?
Responda
-
Credit
-
Debit
Questão 13
Questão
Depreciation is when equipment gained value
Responda
- True
- False
Questão 14
Questão
What do you do when you are done with adjustments
Responda
-
Extend Worksheet
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Create balance sheet
Questão 15
Questão
What are Adjusting Entires
Responda
-
Supplies/ Inventory
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Wages Payable
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Prepaid Expense
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Depreciation
Questão 16
Questão
Is step Nine of the account Process
Responda
-
Post- Closing Trial Balance
-
Closing the books/ post closing entires
Questão 17
Questão
Defien Accural Accounting
Responda
-
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
Questão 18
Questão
The difference between capital and cash is capital you invest
Responda
- True
- False
Questão 19
Questão
In the account T-Chart Debits are on the left?
Responda
- True
- False
Questão 20
Questão
Step three of the accounting formula is Posting to the General Ledger
Responda
- True
- False
Questão 21
Questão
What is the percentage of SS
Responda
-
6.2%
-
1.45%
Questão 22
Questão
What is the percentage of MDCR
Responda
-
6.2%
-
1.45%
Questão 23
Questão
Petty chas is an imp rest account its always changing
Responda
- True
- False
Questão 24
Questão
Bank Rec is to make sure the bank matches your books
Responda
- True
- False
Questão 25
Questão
Closed accounts
Responda
-
revenue
-
W/D
-
Expense
-
Credit
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