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Basic Accounting Quiz for Teens

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Basic Accounting Quiz for Teens

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Simple second-year accounting

Created by

TATIANA DANIELA DIAZ MORENO
TATIANA DANIELA DIAZ MORENO
El Salvador

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Basic Accounting Quiz for Teens
 

Basic Accounting Quiz for TeensOnline version

Simple second-year accounting

by TATIANA DANIELA DIAZ MORENO
1

What is the basic equation of accounting?

2

Which entry records money received from a customer who buys on credit?

3

Which financial statement shows income and expenses over a period?

4

What is double-entry bookkeeping?

5

Which account type typically has a debit balance?

6

What do we call the money a business earns from selling goods or services?

7

What is a trial balance used for?

8

If you purchase supplies on credit, which accounts are affected?

9

Which period costs are recorded as expenses in the period they are incurred?

10

What is depreciation?

 
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