11th
grade

Business

40%

accuracy

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3 years

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1. Multiple Choice
30 seconds
1 pt
Accounting Equations means
A=L+C
L=A+C
C=L+A
DEBIT=CREDIT
2. Fill in the Blank
1 minute
1 pt
FINAL ACCOUNTS otherwise called ...............
3. Multiple Choice
30 seconds
1 pt
GROSS PROFIT=...........- ..........
SALES-COST
NET SALES - COST OF GOODS SOLD
PURCHASES - SALES
OPENING STOCK- CLOSING STOCK
4. Multiple Choice
30 seconds
1 pt
DEBIT EQUALS TO CREDIT -WHICH CONCEPTS?
DUAL ASPECTS
GOING CONCERN
MATCH CONCEPTS
MONEY MEASUREMENT CONCEPT
5. Fill in the Blank
1 minute
1 pt
AICPA MEANS......
6. Fill in the Blank
1 minute
1 pt
FATHER OF ACCOUNTING.....
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