Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Accounting Review Game
Test Description: Accounting review
Instructions: Answer all questions to get your test result.
1) Accounting Equation
A
Owner’s Equity = Assets + Liability
B
Owner’s Equity = Assets - Liability
C
Assets = Liability + Equity
2) Anything of Value owned by the Business
A
assest
B
net worth
C
liability
D
owner's equity
3) Money owed by the business
A
owner's equity
B
liability
C
net worth
D
assets
4) Office Furniture is an example of what?
A
net worth
B
assets
C
liabilities
D
gross pay
5) Mortgage Payable is an example of what?
A
liability
B
assets
C
gross pay
D
pay check
6) The net worth of the business
A
owner's equity
B
liabilities
C
payables
D
assets
7) Income Statement
A
Net Income = Total Revenue – Total Expenses
B
Assets = Liability / Equity
C
Owner’s Equity = Assets - Liability
D
assets = revenue
8) Gross Pay
A
Hourly Rate x Hours Worked
B
Assets = Liability / Equity
C
Owner’s Equity = Assets - Liability
D
Net Income = Total Revenue – Total Expenses
9) Net Pay
A
Net Income = Total Revenue – Total Expenses
B
Hourly Rate x Hours Worked
C
Gross Pay - Total Deductions
D
Owner’s Equity = Assets - Liability
10) Assets = 500K Liabilities = 200K What is the Owner's Equity?
A
100K
B
700K
C
300K
D
200K
*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?