Review Game Zone
Games
Test
Preview
Back
Match it!
Match it! Select the correct answer from the pull down...Good luck!
An owner’s claim to the assets of a business is called owner’s ____.
reserve funds
current liabilities
net income
the debit side
preparing a trial balance
entrepreneur
money is paid to creditors
equity
An asset account increases on ____ of a T account.
reserve funds
current liabilities
net income
the debit side
preparing a trial balance
entrepreneur
money is paid to creditors
equity
An income statement has all of the following sections EXCEPT ____.
reserve funds
current liabilities
net income
the debit side
preparing a trial balance
entrepreneur
money is paid to creditors
equity
Money used to expand a business comes out of ____.
reserve funds
current liabilities
net income
the debit side
preparing a trial balance
entrepreneur
money is paid to creditors
equity
The final step of the accounting cycle is ____.
reserve funds
current liabilities
net income
the debit side
preparing a trial balance
entrepreneur
money is paid to creditors
equity
Which term refers to the amount of revenue that remains after expenses for the period are subtracted from profits?
reserve funds
current liabilities
net income
the debit side
preparing a trial balance
entrepreneur
money is paid to creditors
equity
On a balance sheet, the balance in accounts payable decreases when ____.
reserve funds
current liabilities
net income
the debit side
preparing a trial balance
entrepreneur
money is paid to creditors
equity
A person who follows his or her dreams by assuming the risk of starting a new business is a(n) ____.
reserve funds
current liabilities
net income
the debit side
preparing a trial balance
entrepreneur
money is paid to creditors
equity
Check it!
Match it!
Match it!