Quiz Ch 02 – Identifying Examples of Accounting Accounts
Financial Accounting
Thomas, Tietz, and Harrison
12th Edition
What type of accounting accounts are interest payable, income tax payable, and salary payable considered?
What type of accounting accounts are interest payable, income tax payable, and salary payable considered?
What information would be omitted from a journal entry for a transaction?
Which account is NOT considered an asset?
What is the non-business transaction among the options provided?
Use “X” to mark if the account has a debit or credit balance.
What is a record of all changes in a specific asset during a period of time called?
Which types of revenue are reported in a single-step income statement?
Which document displays a complete transaction in a single location?
What is the effect of a transaction where a company performed services for a customer and received cash in return?
What was the impact of a transaction where a company received cash in exchange for issuing stock?