Quiz 02.87 – Terms and Phrases…
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Match the given phrases with their corresponding terminologies, source documents, revenues, etc…
Match the given phrases with their corresponding terminologies, source documents, revenues, etc…
Match the given phrases with their corresponding terminologies, unadjusted trial balance, accrued receivables, etc…
In column A, identify whether a debit will increase or decrease the account balance. In column B, classify each account according to the provided scheme. If the account is a contra account, indicate the classification of the account to which it relates.
Asks what closing process involves
Asks for the insurance expense that would appear on the income statement.
Asks for an adjusting entry that would decreases assets.
Asks which would increase liabilities
Asks which of a list is an accrued liability.