Which of the following accounts would be included on an Income Statement?

Which of the following accounts would NOT be on a balance sheet?

What does PR stand for on the General Journal columns?

Which of the following are liabilities?

Which of the following is NOT an example of a source document?

Which financial statement takes Net Income taken directly from the Income Statement?

Revenue the business has collected but not earned is: 

Information from a Trial Balance goes to all of the financial statements EXCEPT:

A business collecting cash for earned revenue impacts all of the following EXCEPT:

How do you calculate debt ratio?

What number would indicate lower risk as determined by debt ratio?

Who's primarily responsible for setting GAAP?

What does GAAP stand for?

What is always true of every journal transaction?

A credit to a Capital account means...

A debit to a liability means...

A debit to an asset means...

Which type of accounts would have the 500 numbers in the chart of accounts?

Which types of accounts would have the 100 numbers in a chart of account?

Which is listed first on a trial balance?

A business borrows money on a note payable. Which of the following happens?

Making a payment on account would result in...

An owner investing in his/her business would result in...

A customer buying on account would result in...

Which of the following is NOT an account affecting Owner's Equity?

What is a list of all accounts and their balances at a certain date?

What is the normal balance for Accounts Receivable?

What is the normal balance for withdrawals?

What is the normal balance for service revenue?

What is the normal balance for expenses?

What is the normal balance for accounts payable?

What is the normal balance for Capital?

What is the normal balance for cash?

Which of the following groups has a normal credit balance?

Which of the following groups have a normal debit balance?

A list of all accounts with their account number is...

The process of copying transactions from the journal to the ledger is called what?

Accountants FIRST record transactions in the...

After recording a transaction, data is then posted to what?

Which is a book (or printout) holding all the accounts?

Which is a chronological record of transactions?

A detailed record of changes of assets, liabilities, or owner's equity is known as...

A credit in accounting means...

Recording the dual effects of transactions in accounting is also called...

A debit in accounting means...