Book Keeping Practice Questions and Answers | 100% Pass
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Course
Book keeping
Institution
Book Keeping
Book Keeping Practice Questions and
Answers | 100% Pass
A list of business transactions recorded as debits and credits in the order the
transactions occurred - Answer️️ -General Journal
What are the 4 basic Financial Statements? - Answer️️ -1. Balance Sheet
2. Income Statement
3. Stat...
What are the 4 basic Financial Statements? - Answer✔️✔️-1. Balance Sheet
2. Income Statement
3. Statement of Stockholder's Equity
4. Statement of Cash Flows
A worksheet used to verify that debits equal credits in the accounting records -
Answer✔️✔️-Trail Balance
All of the accounts used by a business collected together - Answer✔️✔️-General Ledger
A list of accounts used by a business - Answer✔️✔️-Chart of Accounts
What is contained on a Balance Sheet? - Answer✔️✔️-assets, liabilities, equity
What is contained on an Income Statement - Answer✔️✔️-Revenues, expenses, and net
income or net loss
What is contained on a Statement of Equity - Answer✔️✔️-Common Stock, Retained
Earnings
May have Preferred Stocks and Bonds
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