Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Mac's Accounting Ch 10 Part B
Test Description: Ch 10 vocab
Instructions: Answer all questions to get your test result.
1) Accounts that start an accounting period with a zero balance are called..
A
permanent accounts
B
closing entries
C
compound entry
D
temporary capital accounts
2) A___ ia a journal entry with two or more debits or two or more credits
A
closing entry
B
compound entry
C
bad entry
D
post-closing entry
3) The ___ is a general ledger account used to accumulate and summarize the revenue and expenses for a period.
A
income summary account
B
closing entry
C
capital account
D
temporary capital account
4) Only ___ and their balances are listed in the post-closing trial balance.
A
permanent accounts
B
closing entries
C
compound entries
D
temporary capital accounts
5) A __ is prepared to prove that debits in the ledger accounts are equal to credits after the closing entries have been posted.
A
financial statement
B
trial balance
C
post-close trial balance
D
work sheet
6) ___ are made to close out or reduce to zero the balance of certain general ledger accounts.
A
coumpound entries
B
closing entries
C
adjustments
D
debits
7) The withdrawls account is a permanent account
A
False
B
True
8) The withdrawls account appears in the Income statement section of the worksheet
A
True
B
False
9) Expenses are temporary accounts
A
False
B
True
10) Capital is a permanent account
A
False
B
True
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?