Accounting terminology test Par tdv-admin | 11 mai 2018 Accounting terminology test Evaluate your knowledge of the accounting terminology. Please select the word(s) or phrase(s) that best complete(s) each sentence : Nom Entreprise / Organisme E-mail Téléphone 1. The customary manner in which a business analyzes and records its __________ is by first entering them into a journal. transactions communications dealings ventures 2. Journal entries are entered in ________ order, meaning by date, with the earliest date first. sequential numerical chronological successional 3. Once the transactions have been entered into the journal they are __________ or transferred into their individual General Ledger accounts. noted lifted allocated posted 4. All _________ increase with a debit entry and decrease with a credit entry. advantages associates assets assurances 5. Liabilities either have a credit or no __________ at all. scale balance debit debut 6. Capital accounts represent the owner''s __________ worth in the business. equity value hammock net 7. __________ accounts are accounts for your sources of business-generated income. liability revenue balance drawing 8. The __________ is the difference between what a business pays for an item wholesale and what the business sells it for retail. markup makeup makeshift moreover 9. An accounts payable __________ shows how much you owe each of your vendors. lecture leeway ledger manual 10. Accounts ___________ shows how much money your customers owe you. incoming receivable obtainable collectable Publié dans Non classé
