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accounting quiz Test

Enter the letter for the matching Answer
incorrect
1.
Net Income
incorrect
2.
Work sheet
incorrect
3.
adjustments
incorrect
4.
Stakeholders
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5.
Trial balance
A.
changes recorded to updatae general ledger accounts at the end of a fiscal period
B.
a proof of the equality of debits an credits in a general ledger is called
C.
People who will be affected by an action
D.
a columnar accounting form used to summarize the general ledger info needed to prepare financial statements is called
E.
Difference between total revenue and total expenses when total revenue is greater
Type the Question that corresponds to the displayed Answer.
incorrect
6.
When the total revenue is less than the total expenses
incorrect
7.
A financial statement showing the revenue and expenses for a fiscal period
incorrect
8.
financial statement that reports assets, liabilities, and OE on a specific date
incorrect
9.
length of time for which a business summarizes and reports financial information is called
incorrect
10.
the percentage relationship between one financial statement item and the total that includes that item

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Created by: benjaminparmley
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