Accounting Chapter 2 Review
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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These summarize information about the financial status of a business. | Financial Reports
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The accountant prepares reports as though the business will operate indefinitely follows which accounting assumption? | Going Concern
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The period of time covered by an accounting report; also an accounting assumption. | Accounting Period
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Designed to collect, document, and report on the financial transactions affecting the business. | Accounting System
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Money invested in a business by its owner(s). | Capital
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A legal document that gives a business the right to operate as a corporation. | Charter
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Under this accounting assumption, a business owner must keep the financial records for the business separate from personal records. | Business Entity
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A business is earning what when it makes more money than it spends. | Profit
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
ktreesh
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