Financial Accounting Basics

Matching Questions

//Financial Accounting Basics
Financial Accounting Basics 2017-10-27T20:55:53+00:00

 

 

Instructions

Match the account with the statement it is reported on by entering the correct number in the questions column. Once you click off the number field, your results will appear. Your score will be tallied at the bottom. To restart the quiz, simply click the reset button at the bottom. Good Luck!

Questions


Number Results
Prepaid Rent Expense
Lowers Net Income
Accumulated Depreciation
Retained Earnings
Increases liability accounts
Record of Entries
Accrued Payroll
Decreases Equity

Answers


1. Asset Account
2. Liability Account
3. Equity Account
4. Contra Account
5. Dividends
6. T Account
7. Expenses
8. General Ledger
9. Debit
10. Credit



Possible points: 8