Accounting Cycle Quiz

Posted by Professor Cram in Accounting Cycle

Accounting Cycle Quiz

Review accounting cycle terms and definitions like adjusting entries, the chart of accounts, and adjusted trial balance with this 10 random question quiz you can take as many times as you want with different questions each time.  Choose your answer, then move to the next term.

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11 Responses to “Accounting Cycle Quiz”

  1. Steven Rogers says:

    i needed a refresher and visual knowledge of a general ledger’s composition, in order to explain a way to improve a related business process. This was very helpful

  2. pinank says:

    housing loans of owner is reported under?

  3. ahammed says:

    Dear sir,
    In your topic “Adjusting entries in accounting-Introduction” feel a mistake that, In the case of prepaid insurance example, how can credit the prepaid insurance account? Is not a current asset?
    Kindly reply for the above to the address provided.

  4. chris says:

    you made a mistake and put an extra 40 in wages

  5. jai adak says:

    how to rectifey accounts help

  6. malia mafi says:

    ummmmm…….can you tell me.. if um… just for an example….. as in making the analysis chart…. and if the business paid rent ……then that means that rent is affected to be as an expense…and that is decreased….and also a credit.but cash is also affected and it also decreases and it is also credit…… i hope you get what i am explaining……
    but i just want you to tell me where i am wrong in this one transaction…..

  7. Damien says:

    Ayo dis be da poppin on da sub G

  8. Abdul Ghani says:

    when expense or cash increase so it credits.

    and when decrease so it credits..

    so your entry would be made like this

    expense debit
    cash credit
    (paid rent expense)

  9. bear says:

    can anyone help me asap plz,I know holiday is here and everyone is chilling,I am in a terrible situation with my acct course,chapter6 ,textbook assignment prob1 and of the book is principles of accounting 1 by meg polard,sherry mills,harrison jr.chapter 6 accounting information system,trasactions sale,inventory credit journals..

    email Contact me by email ,PLz

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