Accounting Cycle
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MOHD BM
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10 questions
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1.
Multiple Choice
The accounting cycle begins by recording _____________ in the form of journal entries.
Business transactions
Financial information
Corporate minutes
Business contracts
2.
Multiple Select
The accounting cycle begins by recording _____________ in the form of journal entries.
A. business transaction
B. financial information
C. corporate minutes
D. business contracts
3.
Multiple Select
After a business transaction has occurred, journal entries are recorded in the
ledger
journal
expense accounts
4.
Multiple Select
Once journal entries are recorded, they can be posted to:
ledger
income statement
expenses account
5.
Multiple Choice
True
False
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