Accounting Ch.8- The 6 column worksheet

Accounting Ch.8- The 6 column worksheet

Assessment

Assessment

Created by

Amanda Snyder

Business

10th - 12th Grade

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30 questions

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1.

Multiple Choice

1 min

1 pt

Which information is not contained in the worksheet heading?

The period covered

The name of the accounting form

The business name

The accountant's name who prepared the worksheet

2.

Multiple Choice

1 min

1 pt

In what section of the worksheet is the end of the period balance for each account contained?

The Balance Sheet section

The Trial Balance section

The Income Statement section

The Account Name section

3.

Multiple Choice

1 min

1 pt

The asset, liability, and owner's equity accounts are extended to the _________ section of the worksheet.

Balance Sheet

Income Statement

Retained Earnings

Trial Balance

4.

Multiple Choice

1 min

1 pt

Revenue and expense accounts are listed in the Trial Balance section of the worksheet and in the ___________ section of the worksheet.

Retained Earnings statement

Balance Sheet

Income Statement

Accounts Payable

5.

Multiple Choice

1 min

1 pt

The amount of net income for the period is added to the Balance Sheet credit total because it increases the balance in the __________ account.

accounts receivable

accounts payable

asset

capital

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