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There is only one type of accounting, and it is used for all of a businees's reporting needs.
The basic accounting equation is:
Revenues are earned when the customer is billed.
The principle which requires that expenses be accrued or deferred is the:
Cash had a balance of $100 and it has a balance of $200 after I made this journal entry. I must have:
I want to make a journal entry to increase accounts payable, so I credit that account.
The body responsible for promulgating U.S. Generally Accepted Accounting Principles is the:
What do we call the process of transferring the balances of nominal accounts to the retained earning account, thereby starting those nominal accounts fresh for the next period?
The concept that a legal business entity, such as a corporation or a partnership, is separate from its owners is called the:
Which of the following revenue recognition methods is generally used in business?
A test to determine if you could pass a basic bookkeeping or accounting class.
basic bookkeeping accounting financial statements
it is very useful cause it makes you intelligent
46 days 12 hours 45 minutes ago
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best for entry level
125 days 18 hours 56 minutes ago
I haven't seen this type of quiz, however i had more knowledge while doing this quiz, it is very important to anyone, and it create more experiance to alll
211 days 18 hours 4 minutes ago
its very useful for me.. give me some other model question
1310 days 22 hours 17 minutes ago
1516 days 11 hours 45 minutes ago
I want more question related to basic accounting and finance..
1521 days 15 hours 57 minutes ago
please can u give me more question realted to finance..This was beneficial for me....
1521 days 16 hours 7 minutes ago
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