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English, Business

University

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An Accounting Department

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15 questions

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  • 1. Multiple Choice
    10 seconds
    1 pt
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    A fiscal period consists of ...

    12 months

    2 months

    12 years

    24 months

  • 2. Multiple Choice
    20 seconds
    1 pt
    Image

    Two meanings of a credit are ...

    money received

    money owed or paid out

    an entry made on the right side of an account

    an entry made on the left side of an account

  • 3. Multiple Choice
    20 seconds
    1 pt

    In accounting, an entry made on the left side of an account is ...

    money received

    money owed or paid out

    credit

    debit and credit

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