Accounting Basics

Accounting Basics

Assessment

Assessment

Created by

Beth Ratliff

Specialty

10th Grade

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28 questions

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1.

Multiple Choice

30 sec

1 pt

What is the system of accounting that all US businesses use?

GDP

GAPP

GAAP

General Journal

2.

Multiple Choice

30 sec

1 pt

Documents that summarize your businesses finances...

financial reports

journals

ledgers

income statements

3.

Multiple Choice

30 sec

1 pt

A block of time covered by an accounting report

fiscal year

calendar year

financial period

accounting period

4.

Multiple Choice

30 sec

1 pt

This runs from Jan 1 to Dec 31

accounting period

calendar year

Chinese calendar

fiscal year

5.

Multiple Choice

30 sec

1 pt

An accounting period that runs from Oct 1 - Sept 31

Chinese year

calendar year

fiscal year

seasonal year

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