100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Lesson 17 Finance Basics. Quiz Questions and Answers $8.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. FIN701
  4.  
  5. FIN701

Exam (elaborations)

Lesson 17 Finance Basics. Quiz Questions and Answers
 5 views  0 purchase
  • Course
  • FIN701
  • Institution
  • FIN701

Any dealing that involves money is termed _____. - Answer-transaction Which is an itemized expansion of the accounting equation, listing assets, liabilities and the resulting owner's equity? - Answer-balance sheet When reconciling, what do you do with the interest earned? - Answer-Add the amo...

[Show more]

Preview 1 out of 2  pages

Document information

  • August 23, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • lesson 17 finance basics quiz questions and answe
  • any dealing that involves money is termed

Written for

  • FIN701
  • FIN701

Seller

avatar-seller
lectknancy

Reviews received

Content preview

Lesson 17 Finance Basics. Quiz
Questions and Answers
Any dealing that involves money is termed _____. - Answer-transaction

Which is an itemized expansion of the accounting equation, listing assets, liabilities and
the resulting owner's equity? - Answer-balance sheet

When reconciling, what do you do with the interest earned? - Answer-Add the amounts
to your check register.

An income statement tracks profit by listing revenues and subtracting _____. - Answer-
expenses

What term(s) refers to maintaining an office's financial records to keep everything
balanced? - Answer-keeping the books

What is money resulting from selling a product or service? - Answer-revenue

Which is not an advantage of computerized accounting? - Answer-It takes more time to
accomplish but uses less paper.

Which is a false statement of petty cash? - Answer-The amount at the beginning of
each day may vary.

Which is not a common financial responsibility for medical office managers? - Answer-
Manage the accounting department

The money owed to the company is called an asset or _____. - Answer-accounts
receivable

Which tracks all of an employee's expenditures and allowing for work-related activities
to be reimbursed? - Answer-expense reimbursement reports

What is the net result of comparing revenues to expenses? - Answer-profit

The person who writes the check - Answer-drawer

The person who receives the check - Answer-payee

Allowed to access a checking account - Answer-Authorized signature

Conditions set out by the authorized signature - Answer-restricted endorsement

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller lectknancy. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $8.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75057 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$8.49
  • (0)
  Add to cart