Chapters 6&7!
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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| the length of time for which a business summarizes and reports financial info | show 🗑
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| a columnar accounting forn used to summarize the general ledger info needed to prepare financial statements | show 🗑
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| show | trial balance
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| changes recorded on a work sheet to update general ledger accounts at the end of a fiscal period | show 🗑
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| show | balance sheet
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| a finacial statement showing the revenue and expenses for a fiscal period | show 🗑
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| show | net income
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| the difference between total revenue and total expense when total expenses are greater | show 🗑
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| the date on a monthly income statement prepared on july 31 is written as... | show 🗑
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| show | income statement credit column
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| show | income statement debit column
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| the amount of net income calculated on an income statement is correct if... | show 🗑
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| show | net income divided by total sales equals net income component percentage
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| show | FALSE
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| if the difference between the totals of debit and credit columns on a work sheet can be evenly divided by 9, then the error is most likely in addition | show 🗑
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| the best way to prevent errors is to use a calculator | show 🗑
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| show | TRUE
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| the net income on an income statement is verified by checking the balance sheet | show 🗑
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| show | FALSE
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| show | TRUE
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| show | TRUE
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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:
brittanytaylor
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