Have an account?
Skip to Content
Build your own quiz
Suggestions for you
10 questions
Show Answers
See Preview
- 1. Multiple Choice
First step in the Accounting Cycle is?
Financial Statements
Post-Trial Balnce
Source Documents
Journal
- 2. Multiple Choice
Second step in the Accounting Cycle is?
Journal
Ledger
Trial Balance
Source Documents
- 3. Multiple Choice
Third Step in the Accounting Cycle is?
Trial Balance
Closing Entries
Post-Trial Balance
Ledger
- 4. Multiple Choice
What is the fourth step in the Accounting Cycle?
Trial Balance
Journal
Financial Statements
Post-Trial Balance
- 5. Multiple Choice
The Fifth step to the Accounting Cycle is?
Journal
Financial Statements
Ledger
Post-Trial Balance
- 6. Multiple Choice
The Sixth step in the Accounting Cycle is
Closing Entries
Post-Trial Balance
Financial Statements
Source Documents
- 7. Multiple Choice
What is the Seventh step in the Accounting Cycle?
Journal
Financial Statements
Source Documents
Closing Entries
- 8. Multiple Choice
What Financial Statement tells about the companies present condition?
Balance Sheet
Statement of Owner’s Equity
Statement of Cash Flow
Income Statement
- 9. Multiple Choice
What Financial Statement tells about the amount of Cash Flows through a company
Statement of Cash Flow
Income Statement
Statement of Owner’s Equity
Balance Sheet
- 10. Multiple Choice
What Temporary Accounts should be closed at the end of the Cycle?
Cash, Notes Payable, Drawings
Revenue, Drawing, Expense
Income, Merchandise, Accounts Payable
- Answer choicesTagsAnswer choicesTags